Safe Deposit Box Contents Up for Auction

Liska_-_UP_Auction

 

About 1400 lots, ranging from diamond rings to baseball cards, will be offered for sale at a public auction in White City, near Medford. 

Every year the Department of State Lands, which manages the state’s unclaimed property program, receives hundreds of boxes, envelopes and packages containing the contents of abandoned safe deposit boxes. Financial institutions must turn over the contents to the state when owners have not kept up rental payments and when owners cannot be located for two years. 

Before scheduling a sale, unclaimed property staff looks for owners by posting their names on a searchable online database and by performing specialized individual searches. Any unclaimed contents are sold at public auction. The proceeds from the sale are posted to the owner’s account and are available forever to be claimed. 

Unclaimed funds are held in trust in the Common School Fund until claimed by owners or their heirs. The fund sends twice-yearly distributions to all of Oregon’s K-12 public schools. 

Location: 
885 Industrial Circle, White City, OR (9 mi. north of Medford) 

Auction Preview: 
Thursday, April 3, 11:00 a.m. – 4:00 p.m. 

Public Auction: 
Friday, April 4, 9:00 a.m. (jewelry and miscellaneous) 
Saturday, April 5, 9:00 a.m. (coin and currency) 

The location is the auction facility of the auctioneer, Liska and Associates. 

Additional information, including auction catalogs: 

State Lands: 503-986-5257 (Salem) 
http://www.oregon.gov/dsl/UP/Pages/up_auction_2014.aspx 

Liska: 541-471-0916 (Grants Pass) 
http://www.liska-auctioneers.com/2013/other-auctions/april-4-5-safetyauction/ 


  • Machelle

    Where do items of no value go???




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