Monday, June 27, 2011

Wisconsin Unclaimed Property Auction Underway

Need a sterling silver necklace with "lima bean" shaped pendant?  How about a Harley Davidson 90th Anniversary Silver Bar?  Maybe a silver four-leaf clover pendant?   That's right . . . it's unclaimed property auction time!  Last Friday, Wisconsin began its latest online unclaimed property auction, including the above-listed items and more!

The auctioned items are generally those reported and remitted to the state from abandoned safe deposit boxes.  According to the Wisconsin Unclaimed Property Act, safe deposit boxes are considered unclaimed "5 years after the lease or rental period on the box or other repository has expired."  The relevant law further provides that the Treasurer's office may sell the reported items after they have been held for 3 years (i.e., 8 years after last activity).
A link to the Department's eBay site is here.  The auction will end on July 1.

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