SALEM, Ore. -- An upcoming unclaimed property auction promises something for everyone.
The Oregon State Land Board is holding its annual unclaimed safe deposit box auction the last weekend of March. Every year, the Land Board receives hundreds of boxes, envelopes and packages, abandoned safe deposit boxes among them, turned over by banks when owners have not kept up rental payments or aren't locatable.
Patrick Tate, the unclaimed property manager for the Department of State Lands, said it's always interesting to take a peak inside the boxes and see what other people consider valuable enough to store in a safe deposit box.
But sometimes it's even more curious that they'd abandon their treasures, he added.
The auction is open to the public and will be held in Salem at the Parrish Middle School. Doors open at 8 a.m. on Saturday March 27.
This year, a special preview will be held Friday, March 26, from 11 a.m. to 6 p.m. Tate said there would be no preview before the auction on Saturday.
Proceeds from this and other State Land Board auctions are held in the state's Common School Fund. Earnings from the investment fund are administered biannually to the state's 197 public school K-12 districts, according to Oregon law. This year's distributions total $50.4 million.