The state got the letter back, marked unclaimed, and put the house up at auction.
FORBES: Surprise! We Sold Your House
The base at Neatishead, Norfolk, was put up for auction last week and received one anonymous bid.
BBC: Former RAF Neatishead base relisted on eBay
At the moment, foreign central banks are the star bidders every time these bonds are put up for auction.
ECONOMIST: The unstoppable, surging yen
When sellers put art up for sale at Christie's, they sign a warranty that they have clear title, although the auction house cannot guarantee that this is correct.
ECONOMIST: Art-title insurance
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