Considering a good portion of the gear he had was from areas that are now closed, you weren't really being punished by his hoarding.

What I'm curious to know is this char's player, since his containers were like a cornucopia of Silent Tower lore.

As an aside, I'm almost glad it's closed given some of the wands from there. (No, I'm not really glad). I'm envisioning a warrior with enigma, inevitably played by someone savvy enough to actually get the really nasty wands, blasting me with lvl55 vuln-exploiting damage spells. Eeek.