State to Hold Online Unclaimed Property Auction
SPRINGFIELD, Mass. (WGGB) — The state is preparing to auction off some unclaimed property beginning this weekend.
Beginning Saturday, 100 lots will be posted on eBay for bid. Over the next eight weeks, more items will be available for bid.
In total, about 1,200 lots will be out for bid.
Some of those items – from gold bars, to jewelry, to money – were on-display Thursday at the State Office Building in Springfield
“These are contents of safe deposit boxes that have been unclaimed for 10 to 11 years. They’re held by the bank for the first eight years, turned over to the Treasury and we attempt to find the owners. When we’re unsuccessful, we have to make room for the new property.” explains James Roy, Tangible Property Manager with the State Treasury.
Proceeds from the auction go to the state’s General Fund. However, a separate claim account is maintained in case someone eventually comes forward.
The auction will again begin on Saturday, and run through June 6. You can find the available items on eBay, by searching for seller ID: mass.state.treasury.
On Monday, the 40 force is once again trying to reunite you with any unclaimed cash or property you may have out there.
Members of the state’s Unclaimed Property Division will be here to take your calls and see if you have any unclaimed property.
40 Force: Unclaimed Cash, Monday, only on ABC40.