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Florida Unclaimed Property Auction Brings In $1.5M For Education Trust Fund

Mary McIntyre
/
WJCT News

The state of Florida’s unclaimed property auction held in Jacksonville over the weekend generated more than $1.5 million.

The News Service of Florida reports the most expensive item was a diamond ring that sold for $100,000.

The state picks a different city each year where it auctions off items found in abandoned safe deposit boxes. The items first go to a vault in Tallahassee for two years while the state tries to locate their owners.

The money raised goes into a state education trust fund, but owners who come forward after their property has been auctioned can still claim the proceeds from the sale.

Cyd Hoskinson began working at WJCT on Valentine’s Day 2011.