JM Wood Celebrates 50th Anniversary With Big Auction

Thu March 30, 2023 - Southeast Edition #7
CEG

JM Wood Auction held its big 50th Anniversary Auction March 21 through 24, 2023, at the company's Montgomery, Ala., headquarters.

Crowds of bidders from 49 states and 12 countries steadily flowed through the doors each day and bidding was extremely fast-paced and included a strong showing of online participants. In addition to the usual quantity of machines and trucks for any given JM Wood Spring Sale, this auction featured more than 250 hydraulic excavators.

The auction, which offered 5,224 lots of equipment, generated $138 million in gross sale with $48 million of that in online sales.

The sale's featured Seller was Eagle Excavating of Atlanta. The Phase One retirement sale included more than 200 late-model Caterpillar, John Deere and Komatsu machines that were sold to the highest bidder.

"We truly appreciate the trust that Tim and Adam Jones [Eagle Excavating] put in our team to handle their site prep retirement auction," said Bryant Wood. "Eagle's excavating machinery brought a premium at the auction purely based on their reputation for taking care of their fleet. The Jones family were first class to work with throughout the entire process and we wish them much continued success in their development and vertical building divisions."

Other featured sellers included: State of Alabama, Alabama Power, Georgia Power, Southern Nuclear, Baker, B.L. Harbert, Brasfield and Gorrie, Cleland Site Prep, C.W. Roberts, Gulf Services, Howard Sheppard, Joe McGee Construction, Robert Collins, Scott Bridge, Stanley Construction, Strack Inc., S.T. Bunn and Wiregrass Construction.

Featured items included a Cat D10T from Alabama Power Company that brought $615,000, and a Cat 815K brought $655,000.

JM Wood's next auction will be June 13-15, 2023, in Montgomery and will feature Phase 2 of the Eagle Excavating Retirement Auction. CEG

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(L-R): The executive team of Bryant Wood, JD Gray, Kim Wood-Cox and Russ Wood were excited to get the 50th Anniversary Auction up and running.
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Out looking at some of the late model John Deere machines are Johnny Majors (L) and Gene Taylor of Warrior Tractor, Tuscaloosa, Ala.
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Enjoying their morning coffee and waiting for the auction to begin (L-R) are Brandon Krell, Will Woods, and Bill Woods of Woods Equipment, Nashville, Tenn.; and Adam Brown, Newman Tractor, Verona, Ky.
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Wrapping up their inspection of a Cat D6N dozer are Seth Wilkinson (L), Wilkinson Diesel Service, Hamilton, Ala., and Kaleb Barnette, Barnette Logging, Golden, Miss.
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Jim Goins of Desoto Hauling, Childersburg, Ala., and his family have been buying and selling trucks with JM Wood for all 50 years that the auctioneer has been in business. Malcolm Wood actually conducted an onsite sale at the Goins property in the early days.
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JM Wood’s Mason Lee (L) and Russ Wood (R) welcome one of the sale’s largest volume machine consignor’s, Kurt Degueyter of Bottom Line Equipment, Broussard, La.
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Ruston Wood Jr. (R), one of several of the third generation of JM Wood ownership, provides 50th anniversary hats to customers like Clint Carter of Alabama DirtWorx, Tuscumbia, Ala.
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Checking out some of the dozers are Justin Marsh (L), North Georgia Heavy Equipment, Chickamauga, Ga., and Britt Brown, Brown Bros. Inc., Chattanooga, Tenn.
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A pair of 2022 Komatsu HM400 artic trucks in the 700/800-hour range sold at just north of $600K each. (CEG photo)

JM Wood auctions have always included a nice selection of well-maintained county machines, including this package of late-model Cat 140 motor graders that rolled across the lot on day two.
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The skilled JM Wood sales team assembled in Montgomery for final planning the day before the start of the sale and (L-R) included Trey Murphy, Mason Lee, Curt Brown, Johnny Pynes, Wheeler Johnson, George Massey and Phil Lucius.
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The frontline administration staff has everything handled for the four-day sale and included (L-R, seated) Jan Beckwith and Julie Bellisle and (L-R, standing) Annette Bonner, Becky Baggett and Kathy Raines.
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Machines and trucks were in line and all logistics of the overall machine, truck and crowd movements were handled well in advance by the mechanical, inventory and facilities staffers (L-R) including Jeffrey Stead, Wayne Ivey, Scott Kelley, Wes Davis, Greg Sexton, James Green and Lamar Segers.
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Lot number 9306A and number one in the hearts of many was auction bear, a full-sized stuffed animal, which was sold to the highest bidder and will be leaving the building.
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On day one of the sale, a great lineup of Mack trucks was sold to the highest bidders.
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Quality hydraulic excavators are a staple product of every JM Wood auction.
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Inspecting a slew of articulated trucks of interest are Josh Wright (L) and Jim Supplee of Kemper Construction, Carrollton, Ky.
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Billy Brice (L) and Doug Wilson of Ascendum Machinery, a duo that have been in used Volvo distribution for many decades, turned out to see what machine deals could be had.
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