BURIED TREASURE
I bought a hoarder’s home for £7k and discovered treasures worth £300k – there were even rare coins in there
A LUCKY man has revealed how he snapped a hoarder’s house for £7k and was stunned to find a pile of treasures, including posh designer gear and even rare coins.
, who runs an antique store, , in Canada, purchased the property that used to belong late music teacher, Bette-Joan Rac.
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According to Alex, he bought the entire contents of Madame Rac’s house for £7,331 ($10,000), after she had passed away in December 2020, just before the COVID-19 pandemic hit.
The antiques dealer has since been sharing the hidden gems he had come across on his channel, estimating the total is worth around a whopping £293,270 ($400,000).
Alex wasn’t exactly sure what he’d find inside her home, after knowing Madam Rac for a few years but never going inside, but took the gamble as he knew she at least had a grand piano.
But when he walked in after finally getting the keys, he was stunned to find a hoarder’s paradise, with boxes and bags piled high in nearly every room, saying it was ‘packed to the rafters’.
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Alex told : “Little did I know that the eccentric piano teacher I had met was, in fact, a millionaire!”
As Alex and his team painstakingly went through each room, they uncovered rare coins including pure silver dollars and money dating from the 1920s.
Alex said: “Our most impressive finds included wallets full of cash, a 100-ounce silver bar, and bags full of gold and diamond rings.”
There were boxes from Chanel, Burberry and Tiffany littered around the house - with Alex even finding a dazzling ring stuffed inside a shoe.
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He said they also stumbled across small silver bars after one tumbled out of a pile of leaflets, so the team checked every magazine and book in the house.
Madam Rac’s wardrobes and clothes rails were stuffed with designer clothes, ranging from fur coats to tailored two-pieces, dating back decades.
Old records, a room of wigs, vintage cutlery, furniture, books, shoes, trinkets, ornaments - and at least three sewing machines - were all uncovered By Alex and his team.
"Everything in here has potential, which is why we bought the contents," he explained.
He added: “We invested £7,331 ($10,000) in buying the house contents as is, and we will have sold £293,270 ($400,000) after all is said and done after three auctions of the contents and treasures… This was the best investment I have made to date!”
After sorting through all of the findings, Alex confirmed he was keeping the grand piano for himself, as he praised Madam Rac as a 'fun, patient and well travelled' lady.
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