The June auctions wrapped up with strong participation, consistent pricing, and a promising outlook for July. Despite geographic and industry density challenges in some areas, sell-through rates remained high, and most sellers walked away satisfied.

The most recent IronRing event proved again why this online format has become a dependable platform for buyers and sellers alike. With 87% of equipment finding new owners, this was one of the best sell-through rates of the quarter. Loaders in particular generated strong interest and fair pricing across the board. Feedback from both buyers and sellers was positive, with Myron noting, “Very good sellers to work with.” This level of cooperation helps build momentum heading into the July auctions.

Mount Pleasant, TX, hosted the Texas Cutstock auction with a smaller on-site crowd, as expected due to the area’s limited sawmill presence. While the auction faced challenges, a few pieces—like the Case forklift—exceeded expectations based on condition. Sawmill equipment results were slightly below average, likely impacted by the location. Still, sellers accepted the final numbers, and the team came away calling it a fair auction.

Premium Cut Lumber’s auction may have marked the best average we’ve seen yet for this auction type. There was an obvious uptick in interest and pricing, particularly compared to recent lumber auctions. Starting in August, Premium Cut will host lumber auctions twice a month, on the first and third Tuesdays. We’re currently accepting consignments and looking for more quality material to keep up with demand. It’s a great time to get involved.

King’s Sawmill in Seymour, IA also landed strong results. The 2005 Baker mill brought $25,000, while the Pendu line held steady ($30,000 for the entirety) despite being older equipment. Eugene noted there’s still strong demand in the market for these types of mills, even with age factored in. Overall, a smooth auction with fair pricing throughout.

The Trinity Lumber auction in Kentucky kicked off with a bang, as the 2016 Wood-Mizer brought in $67,500—one of the top Wood-Mizer results in recent memory. A clean Peterbilt log truck sold for $87,500 and two Pitts log trailers followed closely at $17,000 and $18,000. With highlights like these, Trinity was easily one of the standout auctions of the month.

Kuhns Wood Products hosted another successful virtual liquidation, delivering a well-rounded result with strong bidding across major items. The Baker three-head resaw brought $30,000, the Pendu board stacker sold for $25,000, and the John Deere wheel loader closed at $37,500. A Toyota forklift rounded out the highlights at $9,000. While not every item rang the bell, the auction finished strong and left both buyers and sellers satisfied.

Virtual liquidations continue to work very well and remain a reliable option for both buyers and sellers. July is shaping up to be a slower month overall, but we do have a few important events to note. The next IronRing auction is scheduled for July 8. Then on July 15, we’ll host multiple virtual liquidations along with the next Premium Cut Lumber auction. The only other auction in July is the Factory Direct Auction on July 23. With a lighter schedule, now’s a great time to browse listings, get your consignments lined up, or start planning ahead for August.

Please note: Our offices will be closed July 4, 7, and 8 for our annual company retreat.

Stay tuned—there’s more good equipment coming.

See more auction results here

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Eugene Hochstetler / Lead Equipment Specialist / Bright Star Auctions