Auctioneer  in Cincinnati OH

CIA - Cincinnati Industrial Auctioneers

Cincinnati United States

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CIA - Cincinnati Industrial Auctioneers - Cover

    Contact Information

  • Company Name
  • CIA - Cincinnati Industrial Auctioneers
  • Location
  • 2020 Dunlap St
    Cincinnati, OH 45214
    United States

    Company Details

  • Year Established
  • 1961
  • Honors, Awards & Memberships
  • Member of Following Associations
    National Auctioneers Association
    Industrial Auctioneers Association
    Turnaround Management Association
    Machinery Dealers National Association
    Association of Machinery & Equipment Appraisers
    American Society of Appraisers
    Ohio Auctioneers Association
    Indiana Auctioneers Association

More About CIA - Cincinnati Industrial Auctioneers

Company History

Cincinnati Industrial Auctioneers is a nationwide provider of asset disposition, auction and appraisal services. These forementioned services are rendered to a variety of organizations including: business, industry, lending institutions, turnaround management, leasing companies, federal and local courts, and governmental agencies. Our 50 year history has afforded our company a reputation that is second to none in the industrial auction business, with thousands of satisfied clients and customers. Our name, as well as, our management has remained a constant over the years. Since our founding in 1961 by James A. Luggen, Cincinnati Industrial has sold hundreds of millions of dollars in assets in the United States, Canada and Mexico. In 1977, the founder’s sons Jerome A. Luggen and Jeffrey L. Luggen were handed the management of the company expanding its scope and size. As we look to the future, the third generation of Luggens and other dedicated longtime Cincinnati Industrial employees stand ready to fulfill your needs. Our principals personally attend to the needs of every client; they alone will conduct your auction, using a time-tested technique along with that produces exceptional results.


Nationwide Service

Cincinnati Industrial Auctioneers has conducted over 3,000 auctions, representing millions of individual items and hundreds of millions of dollars in sales across the North American continent. Our client list reads like a “who’s who” of Fortune 500 Companies including: General Electric, PNC Bank, Sunbeam, Wells Fargo, Procter and Gamble, First Energy, Bank One, Textron, Sumitomo Corp., U.S. Bank Corp., FMC Corporation, and Department of Energy to name a few.

The diversity of auctions held by our company has ranged from:

• From a transformer manufacturer in California to a small appliance manufacturer in Mexico City

• From a display manufacturer in Miami to an automotive supplier in Canada

• From a stamping company in Dallas to a mechanical contractor in Illinois

• From a frozen food processor in Washington to a plastic injection molder in El Paso, CIA’s reach is far and wide.

Our sales have encompassed the North American continent and a veritable spectrum of companies. Cincinnati Industrial provides nationwide professional auction and appraisal services, featuring expertise and versatility that only fifty years in this business can provide. No matter where, no matter what, our well organized extensively advertised auctions set the market through competitive bidding, thereby guaranteeing you the maximum return.


Appraisal Services 

CIA performs appraisals for all types of industrial, commercial, and manufacturing equipment.

Appraisals are completed on the following basis:

• Forced Liquidation Value

• Orderly Liquidation Value

• Fair Market Value

• Desktop Opinion of Value

Estimates of value are based on the market conditions, using our 50 plus years of experience in the auction and appraisal business.

CIA’s professional appraisers are accredited and certified by:

Association of Machinery & Equipment Appraisers (AMEA)

American Society of Appraisers (ASA)

 

For a confidential consultation and quote, please call.

Should you need an opinion of value on a few items – That’s Free!


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