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First 2017 Unclaimed Property Auction Earns $1.194 Million

7/29/2017

For Immediate Release:
July 29, 2017
 
Contact: Ashley Carr
(850) 529–4614
communications@myfloridacfo.com
 
FORT LAUDERDALE, Fla. – Chief Financial Officer Jimmy Patronis today announced that the first of two 2017 unclaimed property auctions, held Saturday in Fort Lauderdale, earned $1.194 million. All of the auction’s nearly 48,000 individual items sold, and the highest grossing individual auction item was a 14k gold ring with a 4.02-carat European cut diamond that sold for $11,500.

Items included in the Department of Financial Services’ unclaimed property auctions come from abandoned safe deposit boxes. Despite at least five years of exhaustive efforts, no rightful owner or entitled heir stepped forward to claim the boxes or the items contained within them. However, the proceeds earned from the sale of auction items can be claimed at any time and at no cost should an owner ever come forward.

The second 2017 unclaimed property auction will be held August 25 and August 26 in Orlando at the Florida Hotel and Conference Center, located at 1500 Sand Lake Road. Items included in the auction will be available for public preview on Friday, August 25. The auction will take place the following day, Saturday, August 26. A catalog containing descriptions of the upcoming auction items will be available in the coming days.
 
Roughly 1-in-5 Floridians has an unclaimed property account in their name. To search for unclaimed property or to claim an account, please visit www.FLTreasureHunt.gov.

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