Not too long ago, I read on United Press International that the state of Texas is now utilising eBay to dispose unclaimed items in unclaimed safe deposit boxes. According to this article, which I have lost the link to, about 40% of owners will claim them and the balance will be sold in an auction. Previously, these items were auctioned live and apparently, they just discovered that going through eBay is more cost effective.
They do have quite a few precious items for auction. However, I wonder what happens when the original owner turns up. This article says that the sale price will go to the owner if he/she eventually turns up to claim the item but then when people keep things in a safe deposit box, it surely is something of value or hold great memories for the owner.
No matter what the sale price was, it surely cannot replace the true value (to the owner) of the item.
They do have quite a few precious items for auction. However, I wonder what happens when the original owner turns up. This article says that the sale price will go to the owner if he/she eventually turns up to claim the item but then when people keep things in a safe deposit box, it surely is something of value or hold great memories for the owner.
No matter what the sale price was, it surely cannot replace the true value (to the owner) of the item.
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