1961, James A. Luggen “Big Jim” (1914 - 2001) founded Cincinnati Industrial Auctioneers with his wife Stella. Big Jim served his country proudly during World War II and returned to civilian life in 1946. He began his business career buying and selling excess war goods with his company, Wright Surplus Sales. As his expertise in the field of industrial machinery and equipment grew, he accepted a position as an auctioneer for Joseph P. Day Company of New York City in 1956. In 1960, he and Stella made the decision to go into business for themselves.
Mid 1970’s, Jerome A. Luggen and Jeffrey L. Luggen joined Cincinnati Industrial Auctioneers, both after graduating from the University of Cincinnati. Having been around the business their whole lives they hit the ground running actively conducting auctions, buying and selling all types of equipment.
Early 1980’s, James A. Luggen decided to officially retire from the business, handing the reins over to Jerome and Jeffrey. They immediately took control and began actively seeking new business opportunities, expanding the company in both size and scope.
1980’s and 1990’s, The Company flourished under Jerome and Jeff’s management, going from 5 employees in a home office, servicing mostly local clients to a full time staff of 30 servicing clients nationwide.
2000’s, Jeff’s sons Jeffrey M. (Jr.) (2000) and Joseph (2005) joined the staff, starting on the road set-up crew prepping the sites for auction. Spending weeks away from home, learning the business from ground up has helped teach them the sacrifice, hard work and dedication that it takes to run a successful small business.
2010’s, Jerome and Jeff are actively managing the Company; Jeffrey M. has grown to a management position and is involved all aspects of the business and Joseph M. has become our secondary auctioneer and an accredited AMEA appraiser. Jerome’s son Ryan Luggen officially joined the company in 2013 after graduating from Ohio University.
Present, the Company is running like a “well-oiled machine” with the two father’s thirty plus years of experience and their three sons youth and ambition, they look to provide top nationwide auction and appraisal services for another 50 + years.
Contact Jeffrey M. Luggen at firstname.lastname@example.org to see how we can assist you.