Nearly $100,000 has been netted in an auction of unclaimed property that was being held by the state.
The State Treasurer’s Office says the auction sold about 1,600 items found in safe deposit boxes, including rare coins and jewelry. The largest winning bid was $5,500 for a 10-karat gold Omega men’s wristwatch and matching 14-karat gold bracelet.
Such property winds up in the control of the Treasurer’s Office after a safe deposit box goes for five years with no activity or contact from the owner.
Proceeds from auctions like this one are held by the Treasurer’s Office until the rightful owners of the unclaimed property or their heirs come forward to claim it.
