TALLAHASSEE, Florida -- Florida Chief Financial Officer Jeff Atwater announced Tuesday the 2014 Unclaimed Property Auction held on Saturday in Orlando raised $1.31 million for Florida's public schools.
The highest grossing item was a Cartier platinum and diamond watch that sold for $24,000.
"I am very proud of our Bureau of Unclaimed Property for organizing a successful auction that raised more than one million dollars to help Florida's public schools," said CFO Atwater. "Our team's tireless work to reunite Floridians with their money and property for the betterment of families, our economy and schools is tremendous."
The unclaimed property auction consisted of more than 60,000 items from abandoned safe deposit boxes that had remained unclaimed despite years of exhaustive efforts to locate the owners. Should a property owner discover that he or she owned an item that was auctioned, however, the proceeds from the sale can be claimed any time at no cost.
Unclaimed money, including the earnings from auctions, is deposited into the state school fund, where, until claimed, it is used for public education.