Treasurer Giannoulias is SOLD on eBay auction
There are more than 150,000 reasons that auctioning the state’s unclaimed property on eBay will become a permanent initiative, Illinois State Treasurer Alexi Giannoulias said today.
“Not only did more than 150,000 people from all over the world look at the state’s unclaimed property on our eBay site, we sold the items – on average – at 80 percent above their appraised value,” Giannoulias said.
Giannoulias launched the weekly eBay auctions at last year’s Illinois State Fair on a trial basis. In the past year, the profits from the sale of forgotten or abandoned safe deposit boxes have far exceeded expectations, Giannoulias said.