J.M. Wood Auction Holds Largest Sale in Its 40-Year History
The event generated more than $40 million and drew bids from 22 countries.
📅 Wed March 20, 2013 - Southeast Edition
Taking some final notes before heading into the seating area is Brad Webster of MEGA Machinery, Knoxville, Tenn.
J.M. Wood Auction Co. Inc. held the largest auction in its 40-year history in Montgomery, Ala., on March 6 to 8.
The three-day event generated more than $42 million in gross auction proceeds from 527 sellers. Approximately 3,000 bidders registered both onsite and online from 22 countries and 42 U.S. states to compete in the bidding.
Highlights of the auction included a fleet of (200) 2013-2005 Mack tri-axle dumps from Alabama Counties, more than 200 pieces of equipment from Taylor Services, as well as fleet of 2010 year model Caterpillar county-owned machines, ranging from 250 to 1,800 hours.
“I chose J.M. Wood to conduct my auction when it came time to roll-out some of my underutilized equipment,” said James Taylor, president of Taylor Services. “They have been around a long time and have a good reputation in this business. Our equipment brought nearly 20 percent over our projections; this was primarily due to their ability to get buyers from around the world to come in and compete with these domestic buyers from across the country.”
“It was refreshing to see so many U.S. contractors bidding at the auction,” said Bryant Wood, vice president of J.M. Wood Auction. “Contractors were spending money and either had work or were speculating on work. We are very blessed to have so many loyal buyers and sellers that have supported our auctions for the last 40 years.”