Arizona Department of Revenue issued the following annoucement on Jan. 11.
The Arizona Department of Revenue (ADOR) will hold an online public auction of unclaimed property items from abandoned safe deposit boxes beginning Wednesday, January 19, 2022. Items for sale will include jewelry, coins, currency, and a variety of collectible items that have not been claimed by their owners after many years.
Unclaimed Property Auction
Online only at www.sierraauction.com(link is external)
Wednesday, January 19 at 3:00 p.m. until Sunday, January 23 at 5:00 p.m.
In-person Preview Day
Sierra Auction Management, Inc.
4298 N. 35th Drive
Phoenix, AZ 85019
Friday, January 21 from 10:00 a.m. to 3:30 p.m.
Again this year, the sale will take place online only. The contents of safe deposit boxes shall be sold “as is” and “where-is.” The Arizona Department of Revenue will sell, to the highest bidder, the contents of safe deposit boxes and does not make any warranty of any kind, expressed or implied, as to the condition of the articles offered for sale.
Proceeds from items sold from the auction are transferred to a custodial account where the funds will remain for the rightful owners to claim.
Assets from abandoned safe deposit boxes make up a portion of unclaimed money the Arizona Department of Revenue safeguards until the funds can be returned to claimants. ADOR's Unclaimed Property Unit returns millions of dollars of unclaimed assets to their rightful owners every year. In fiscal year 2021 (July 1, 2020 to June 30, 2021), over $48 million was paid out.
The Department returns the property to owners who provide documentation showing their right to claim the property. People must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address, as reported by the company that filed the unclaimed property. Claimants also must provide documentation demonstrating a legal right to claim any property listed in another name.
For more information about the Department of Revenue’s Unclaimed Property Unit and how to do a search, go to www.azdor.gov and click on the Unclaimed Property tab.
Original source can be found here.
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