Precious jewels, fine arts and other unclaimed valuables that have been locked away in the vault of the Pennsylvania Treasury will soon be up for bid.
Treasurer Rob McCord said Tuesday that the state has partnered with Morphy Auctions to sell lost and forgotten property that is unlikely to be claimed.
McCord said Morphy Auctions hand-selected items valued at more than $200 to include in a fine and decorative arts sale on Friday and Saturday.
The items include pocket watches, an antique horn with carvings, Brietling and Rolex watches, diamond rings, a David Yurman ring, and several other high carat jewelry items.
The Treasury's Bureau of Unclaimed Property receives about 15,000 items per year from police departments, banks, hospitals, nursing homes, correctional institutions and other facilities.
The items are stored in the department's vault until the rightful owner comes forward. If the property is not claimed after three years, Pennsylvania's unclaimed property law authorizes Treasury to appraise the items and sell them to the highest bidder.
Proceeds of the auction are then maintained in perpetuity for the owner or heirs to claim.
McCord unclaimed items sold at five auctions this year have fetched nearly $300,000, and the Treasury's eBay auction site has generated more than $4.9 million in sales since 2001.
To learn more about the unclaimed property program, visit www.patreasury.gov.