Unclaimed luggage auctions occur whenever airlines accumulate so many abandoned bags, lost suitcases and duffles that have been left behind, and they become enough of a burden to manage that they decide to sell them off. Although you can visit these special sales and lay down some money on the unclaimed baggage you find, you can also visit professional auction houses that buy up these packages and then resell them separately or en masse. What's the main reason to even consider dealing with strangers' lost belongings? For one thing, you can obtain nice electronics and goods for much cheaper than you would normally have to pay. For another, you never quite know what you're going to find in a given bag - you might strike it rich with some jewelry or precious stones.
Read more: http://www.infobarrel.com/Unclaimed_Luggage_Auctions_-_A_Beginners_Guide#ixzz1vyAw0PVt
Would you leave your luggage unclaimed? Do you place expensive items in checked luggage?