Billy Laroy News Today

The smell test. i smell it first. >> reporter: come auction day, bidders pay $3 to flay a standing room only game of finders keepers. >> sold, $100. >> reporter: billys used his gut instinct to come up big before. like these rare coins he found. >> this is worth at least 1,000 pounds. >> what? >> yeah. >> reporter: the $2,000 he spent included this bag. disappointment for billy and for anyone who forgets to fill out a luggage tag. >> look at that. there is no name. whoever owned this bag, you sh...

People never find them or pick them up. abcs linsey davis explains who benefits from all that lost luggage. >> reporter: mia, not only the acronym for miami international airport, but missing in action. laptops, cameras, bikes, all kinds of luggage left in the lurch. this is where it comes to die. only the headstones in this cemetery are all unmarked. none of these bags have id. >> we are not a storage bin so after today, okay, time to have an auction. >> reporter: every year, 10,000 bags go mis...

I have my famous test. the smell test. i smell it first. >> reporter: come auction day, bidders pay $3 to flay a standing room only game of finders keepers. >> sold, $100. >> reporter: billys used his gut instinct to come up big before. like these rare coins he found. >> this is worth at least 1,000 pounds. >> what? >> yeah. >> reporter: the $2,000 he spent included this bag. disappointment for billy and for anyone who forgets to fill out a luggage tag. >> look at that. there is no name. whoever...