If there's one good thing about criminals, it's that many of them have good taste in jewelry.
But since crime isn't supposed to pay, that stuff often gets confiscated – and rather than parse the goodies out to their relatives and risk a scandal, police contribute to a new Web site. It also gives them some new revenue sources.
PropertyRoom.com allows law enforcement officers to sell stolen, lost or seized designer goods to you, the buying public.
PJ Bellomo, chief executive officer for PropertyRoom.com, explained in a news release: “The economy is hurting and people have to rethink every dollar they spend. This is a creative way to look great and avoid paying retail prices.”
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“When you are sporting a Coach handbag, people don't know if you paid $600 retail or if you purchased it for $60 through an online police auction.”
PropertyRoom.com auctions a continuous selection of high-end fashion designer clothing, sunglasses, jewelry, handbags and cars every week. The products range in price but are generally sold for less than you'll find at retail stores (sorry, Neiman Marcus). Most auctions begin at $1. Recent auctions featured fashions by Gucci, Chanel, Louis Vuitton, Coach, and Dolce & Gabbana. Additionally, they often carry Armani, Fendi and Mercedes Benz designer sunglasses.
How they do it: The site works with more than 1,300 law enforcement agencies across the country selling goods where agencies were unable to locate their rightful owners (but no word on what happens if you find something stolen during your last break-in).
Before listing the items for auction, PropertyRoom.com works with each agency to collect, catalog, photograph and test all the items. The site also offers a fraud-free guarantee.