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If you have found an item of value, you must hand it in to the lost and found office of your municipality/city or the police. A lost property report will be recorded there. The lost property, the place and time of discovery and your personal details will be recorded.
Storage and auction
The lost and found office keeps the lost property for at least six months. If the owner does not come forward within this period, you are entitled to the found object. If you do not exercise this right or if the lost property is found in public buildings or means of transport, the city or municipality itself becomes the owner of the items.
In many municipalities, these lost property items are then publicly auctioned off by the lost and found office after prior announcement. The revenue from the auction goes into the municipality's budget.