This is what happens to the millions of lost suitcases

Approximately 25 million of the 4.3 billion pieces of luggage that airlines check in annually are lost in transit. If, within ninety days, the owners do not receive 0.03% of the lost, the luggage is sold “as is,” without being opened. And this statistic is just crazy…

Hugo Owens purchases these bags most frequently. Suitcases were considered useless in the 1970s, but Hugo Owens saw an opportunity to profit from unclaimed lost luggage. Over the weekend, he sold the first batch of misplaced bags that he had purchased from a minor airline. Owens was purchasing 3,000 suitcases every month by 1978.

We are never sure what’s within till our doors open. Owens told reporters. People pay for surprise. Suitcases typically contain clothing, accessories, headphones, little electronics, and cushions. However, there are even more fascinating discoveries: Hugo has amassed an enormous collection of watches and musical instruments over the course of the company’s operations.

Occasionally, really valuable items are discovered over time and you just have to lucky. Owens once purchased a duct-taped box that contained a Gucci suitcase with 1500 BC worth of ancient Egyptian treasures. The Owens company is still doing well now. The corporation receives hundreds of thousands of dollars annually from items whose owners have given them up.

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