Online auction of NM unclaimed property begins

Posted at: 07/29/2013 8:59 AM
By: The Associated Press

ALBUQUERQUE (AP) - An online auction of more than 8,100 state-owned items has begun.
    
The New Mexico Taxation and Revenue Department launched the online auction Monday to sell unclaimed property in the state's possession. Items include rare coins to old comic books.
    
The online auction follows a live event Saturday that attracted more than 500 people to the Albuquerque Convention Center.
    
The auctions are the first of their kind in nearly 20 years, though New Mexico law requires that the state auctions off unclaimed items within three years of their discovery.
    
The two sales are estimated to bring in $800,000-$1.5 million for the state. That money will go back into the state's general fund.

To view the items that will be at the New Mexico Taxation & Revenue unclaimed property auction, go to http://auctionsouthwest.com/

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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