There have evidently been some issues with the Auction Safe item in Ultima Online. Broadsword Online Games have issued a fix for this:

We have published a fix for the following issues regarding the Auction Safe:

1.  Blessed tag will no longer be removed.
2. Resolved  issue where auction item would not be delivered if player was not on the same character that placed the winning bid.

All shards except the Japanese shards have these fixes, it will be published to Japanese shards during maintenance today.

And that’s that.