LEE’S SUMMIT, Mo. — Unclaimed and abandoned property confiscated by the Lee’s Summit Police Department isn’t heading to a traditional police auction anymore, it’s going to the internet.The department is a now a member of Propertyroom.com, the online auction website. The service is a win win for the police department.
“They photograph them , they’ll prepare the listing and that saves us the cost that we would normally incur for an employee to prepare those listings in a normal auction site, Said Sgt. Chris Depue.
The site offers close to 4,000 items you can bid on, from Rolex watches to power tools.
PJ Bellomo, Chief of Steals for Propertyroom.com it’s the perfect deal for citizens who can buy great items for a fraction of the cost.
“We take in the proceeds, we take our portion and off goes the balance to public agency clients,” said Bellomo.
In the fall of 2012, the Lee’s Summit Police Department began an audit of their own unclaimed property room. Many of the items were returned to owners, but the leftovers are now being sent to the auction site.
The profits for Propertyroom.com range from 50% of a lower cost item to 87% of a higher final price item, like a car. The remaining money goes back to the state and used in the Department of Elementary and Secondary Education.