…for a richer life

Tweet This

Hundreds of thousands of suitcases get lost every year around the world but they don’t just disappear into a black hole. Even the ones that never find their owners again end up somewhere. In fact, that somewhere is usually some form of auction house that sells them to people like you and me. In America, the Unclaimed Baggage Centre in Alabama receives 800,000 visitors per year and is, incredibly, the state’s biggest tourist attraction.

If you can’t get to Alabama, no fear, the British version of lost luggage auctions is also the place to bag a good bargain, and even sell it on at a profit.

When British Airways has a surplus of unclaimed baggage in storage, it sells the cases at auction. All that you need to do is head down to the auction house and bid on what you think you can sell on via eBay for more than what you paid.

Not a difficult task when you can get items worth more than £500 for £50. Sell them on for at least £200 and make a profit of three times what you originally spent. Or you can be greedy and see if they’ll sell for £450 or more!

The thing is, there are plenty of bargains up for grabs, and it can be fun – many people describe it as being like a treasure hunt. But buying the suitcases is hit and miss – you don’t know what you will end up with.

Step 1: The auction house

London’s lost luggage hotspot is Greasbys in Tooting, south west London. It’s here that British Airways (one of the world’s biggest baggage losers) sells its lost luggage.

Auctions take place every Tuesday at 10.30am. Viewing is held on the Monday between 2.30pm and 6.30pm, giving you a chance to suss out which bags you want to buy (although you only get to see the outside of it so you can only guess at the contents).

There is no national directory of airport auctioneers, but if there were, Wellers Auctions in Guildford would certainly appear, taking the lost and lonely bags from Gatwick. Bristol Commercial Valuers & Auctioneers (BCVA) in Bristol would also feature, as would Hertfordshire Auctions, who contend with Luton’s unwanted baggage. Thomas N. Miller Auctioneers in Newcastle Upon Tyne have also been known to deal with Newcastle International’s lost packages in the past.

As most of the above auction houses don’t have allotted airport auctions, it’s probably best to check with their website as to the next scheduled date for baggage bounty. Or you could sign up to their mailing list, which will let you know when they’re going to happen.

Need more ways to make quick cash?

Sign up to our FREE Newsletter to get the latest tips, discounts and offers straight to your inbox. Click here to sign up.

Step 2: Evaluate

On the Monday night, after viewing the auction collection, go home and think about the prices of likely individual items to see how much of a profit you can make up to a certain bid. It’s hard to tell when cases are sold closed, but the posher the case, the more likely it is to contain beautiful booty.

A good way to get an idea of how much cases will sell for is to search for similar items that are already listed on eBay. You can also check out the recommended retail price of the cases by looking on the net. Once you know how much the case itself is worth, you can set your bidding limit. The only gamble is on how much over the worth of the case you’re willing to bid. If the case contains lots of goodies then it could be worth exceeding your limit. But it could be full of junk.

Step 3: Valuable items or cases?

Given that in 2006 BA auctioned off 730 lost laptops and 1,460 mobiles, and that number has risen drastically since the Terminal 5 fiasco at Heathrow. There are plenty of luxury goodies to be bought on the cheap. There will also be very desirable clothes (according to your tastes!)

There are two paths you can take at the auction. The auctioneers take very valuable items out of the suitcases first and sell them separately. This includes stuff like electronic items, shoes, jewellery and toiletries. Of course you can bid on these and then sell them, ideally for more, elsewhere.

Alternatively, you can bid for suitcases and hope there are some good clothes, shoes, books etc. in them that you could flog. This is a bit of a lottery. Auctioneers only give the vaguest details about what is in each suitcase so you won’t know exactly what you are buying.

The auctioneers do tell you whether the clothes are clean or not though. It’s up to you, if you’re happy dealing with someone else’s nasty knickers. Of course you can also sell the suitcase and make some cash on that too.

Step 4: Bag a bargain and sell it on

Once you’ve successfully bid and paid for your bargains, take them home and begin your online selling. Take some photos, write a good advertisement and then post it on eBay and wait for the bidding to begin.

How much can I save?

Lots. The valuable items sell very cheaply – a £500 snowboard recently sold for £75 so you could either keep it for yourself or sell it on for more. The suitcases sell from around £5 to £50. Even if the case is just full of clothes you should be able to sell it all for more than the price you paid for it.

Useful links

Have you found some amazing bargains at a lost luggage auction? Tell us about it on the Forum.

Need more ways to make quick cash?

Sign up to our FREE Newsletter to get the latest tips, discounts and offers straight to your inbox. Click here to sign up.

Jasmine and the Moneymagpie team

19 Comments on “Lost luggage: how to make money buying baggage”

  1. jadeyboo says:

    i would reallyyy like to go to a luggage auction but i dont no how to do it? I live in the wolverhampton area?

  2. Bam says:

    I think maybe what should happen is that people should put their address labels inside the bag as well as the outside. So that if the bags DO wind up at auction, they may have a little more chance or getting back to the rightful owner…

    …Smart thinking eh?

  3. Charlie Brown BA staff says:

    This is ludacrous to think that BA staff take lost luggage, we try to locate the bag to the passenger and as soon as a report of lost luggage is made Ba traces the bag tag but if there is no bag tag then it is like, finding a needle in a haystack with how many bags have no id tags and thats why its always recommended that passengers put their name and addresses inside and outside the bag so that it can be identified.
    As for BA making money from the lost bags, it goes to charity.

  4. I was actually looking around for a forum post on this issue, but stumbled across your site on Google!! I’m actually quite interested so will keep an eye out for updates :)

  5. Kevin says:

    In response to the rediculous comments about BA.

    BA firstly make every effort to return a lost bag. One of my friends had his bags misplaced quite a few months ago. He was kept informed and it turned up deliverd in a taxi the next day.

    The only way a bag would end up in an auction is because it can’t be linked to an individual (tags lost etc), they simply don’t set out to try and steal your bag and make money on it. Crazy Talk!

    The only reason BA has been highlighted as losing the most number of bags compared to other airlines is because it is the UK’s largest. It’s as simple as that.

    BA staff do not get an option to buy any lost bags.

  6. ALM says:

    I think this is a terrible way of getting rid of the lost suitcases. It encourages people to make profit of what I would called lost or stolen property. Surely, airlines could be more demanding and if all passenger had their details on them, they could easily be returned to the owners. It is so distressing for people who loose them and so unfair. And how very ridiculous for airlines to ask passengers to keep receipts of all the items they posses. That, does not happen in real life. How can they expect people to keep all proof of purchase (incuding nickers!) and what about presents. If they make it so difficult for people to claim what they have right to claim for, they should also take more responsibility for the suitcases. How can they get lost in the first place, is hard to understand. They should revise their procuedures and be stricter.

    • Yes, I know what you mean. Each time I fly I wonder if my luggage will be there at the end. In this computerised age you would think that they could keep track of luggage anywhere in the world. I don’t see why they lose so many! However, as they do, buying them and then selling the stuff seems like fun!

  7. juliet richards says:

    I am appalled at this idea! It just incourages them to not bother looking for the owners! Surely people have their name on them now? Seeing as they make money out of it they’re not likely to bother even more and will just make a profit out of it. It makes you wonder if they do it on purpose??! Please don’t join them, yours might be on there one day! Karma…

  8. It’s interesting to note that 6 million suitcases and items of baggage are lost or delayed at European airports every year!

    With the airlines profiting from lost luggage, it does raise some questions surrounding the appropriateness of that practise.

  9. John says:

    Greasbys was a waste of time, I bid on 27 suitcases at £20 a pop but didn’t win a single one. And the ones I’ve bought in the past have been full of rubbish anyway! I give up.

  10. lesley says:

    yes i think that this is a weak easy solution of disposing the bags…………and of course what about the excessive insurance claims that this method incurrs

  11. Michael Nicholas says:

    There should be a way these can be returned to the owners!! Maybe it should be compulsory that all suitcases should have a name and telephone number on the inside of the case?? That way all cases everywhere could be opened and seen who owns it!!

  12. Julie Jillians says:

    My Husband lost his baggage leaving him without any clean clothes and toiletries, we tried eveything to get it back, the hole thing left us wipped out not to mention furiouse. Not only was he out of pocket he spend god knows how much in phone calls, I found the hole thing disgusting, the point of check in is what???? the point of putting a lable on your bag is what??? just for members of staff to take out the pricey goods and then sell your bag and clothes, the stuff thats left after the voltures have cleaned you out.. What a lovely airline

  13. steve the pilot (not BA) says:

    It seems to me that BA should do much more to return the bag to the owner, if all bags went to a central point and then all owners were directed to contact the central point website, in this magical age of computers, photo pictures and a list of info on (SOME NOT ALL) contents inside could be published on line and owners could see, then identify their ‘lost suitcase’ and ask for it back when identifying the remaining contents.

    But maybe its just another way of legalised stealing!

  14. C. Black says:

    I cant help wondering if BA staff get first pickings, I bet you dont get many L. Vuitton/Chanel luggage going up to auction !!!

  15. Alex says:

    I’m undecided about this! I love a bargain, but is it making BA lazy in it’s efforts to get the right luggage to the right person. I’m not sure that it’s morally correct that BA is making a profit out of it’s own incompetence.

    Hmmmm…thanks for enlightnening me though x x x

  16. loisxmariex says:

    this is so tempting!..all depends if you want to gamble i suppose! worth thinking about though :) thanks for sharing!!

Leave a Reply