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ADOR's Unclaimed Property Auction Set for February 28 - March 3

The Arizona Department of Revenue (ADOR) is inviting the public to embark on a treasure hunt of sorts, with its annual auction of unclaimed property items from abandoned safe deposit boxes. This unique event, scheduled from Wednesday, February 28, 2024, through Sunday, March 3, 2024, offers a rare opportunity for participants to bid on a diverse array of items including jewelry, coins, currency, and various collectible items that have been forgotten over the years.

This year, the auction will be conducted entirely online, allowing bidders from all corners to participate from the comfort of their homes. Interested parties can view and bid on items by visiting Sierra Auction Management's website, the platform hosting the auction.

For those who prefer a closer look at the items before placing their bids, an in-person preview day is scheduled for Friday, March 1, 2024, from 10:00 a.m. to 4:00 p.m. at Sierra Auction Management, Inc., located at 4298 N. 35th Drive, Phoenix, AZ 85019. This preview provides a tangible connection to the items up for auction and a better sense of their value and condition.

The ADOR's initiative to auction off these unclaimed items is not merely about clearing space or generating revenue; it's a concerted effort to return value to the rightful owners or their heirs. Proceeds from the auction are transferred to a custodial account, where the funds will remain available for the original owners to claim. It's a testament to the ADOR's commitment to reuniting Arizonans with their lost or forgotten assets.

The Unclaimed Property Unit of the ADOR plays a crucial role in this process. It safeguards a wide range of unclaimed assets until they can be rightfully returned. The success of this program is evident in its results; in the fiscal year 2023, the ADOR returned over $61 million of unclaimed assets to their rightful owners.

Arizonans are encouraged to visit the ADOR's Unclaimed Property page to search for any assets that may belong to them. It's a simple process that could potentially uncover lost or forgotten assets.

The upcoming auction is more than just an opportunity to acquire unique items; it's a reminder of the importance of keeping track of one's assets and the ADOR's role in protecting and returning them. Whether you're a collector, a treasure hunter, or just curious, this auction promises excitement and the possibility of finding something truly special. Don't miss your chance to discover hidden treasures and potentially reclaim a piece of your past.
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Friday, 19 April 2024

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