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  • Unclaimed Property Auction Grosses Nearly $300,000
    The abandoned safe deposit box contents auction that was held in Grants Pass in May 2016 was very successful with gross sales of nearly $300,000. Almost 1200 auction lots were originally scheduled for sale. The two-day event was conducted by the Liska Oregon Auction Company.

    Thanks to claims staff’s extra efforts, the owners of over 200 lots were found, their claims filed, and the lots pulled from the auction. In one case, jewelry lots were pulled the day before they were scheduled to be sold.

    “Our intent is to return the actual items reported as unclaimed property, if at all possible. The unfortunate reality is that to make room in our secured area, we have to conduct an auction of items at least every other year,” indicated Patrick Tate, Trust Property Manager.

    The net sale proceeds of the auction will be posted back to the original owners’ accounts and be available for claim in perpetuity. Until claimed, these funds reside in the Common School Fund where the interest earnings benefit K-12 schools in Oregon.

    The next auction is tentatively scheduled for 2018.
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