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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
Construction Equipment Guide

Taking some final notes before heading into the seating area is Brad Webster of MEGA Machinery, Knoxville, Tenn.
Taking some final notes before heading into the seating area is Brad Webster of MEGA Machinery, Knoxville, Tenn.
Taking some final notes before heading into the seating area is Brad Webster of MEGA Machinery, Knoxville, Tenn. Jody McMinn (L) of Jake McMinn Farms, Potts Camp, Miss., and Paul Fowler of Fowler Tile & Excavating, Northport, Ala., are looking over some of the smaller dozers in the sale lineup, including this John Deere 450J LGP. Discussing some machines of mutual interest are Bill Woods (L) of Woods Equipment Company, Nashville, Tenn., and Rob Udelson, PowerTrac Machinery, Miami, Fla. Regular J.M. Wood auction customer, Steve Woodard (R) of Woodard Crane and Construction, Ozark, Ala., stops his fast E-Z-GO golf cart (must be fast … has flames painted on it) to talk to friends Joe McGee (L) and Josh McGee of Joe McGee Construction Jesus Ramirez (L) of Gibbs and Sons Machinery, Gadsden, Ala., and Charlie Calhoun of Calhoun Tractor Co., Aledo, Texas, try their best to estimate where the pricing will go on some of the machines in the sale lineup. A nice package of nine Caterpillar 140Ms caught the attention of Jerry Adams (L) and Barry Miracle of RJ Corman Railroad Group Contractors, Nicholasville, Ky. The Alabama boys were out in full force (L-R) including Joe Wallace and Doug Stone of Stone Equipment Co., Montgomery, Ala.; Bob Winnette of IronPlanet, Huntsville, Ala., and Ted McDonald of IronPlanet, Mobile, Ala.

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."

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