Abstract: A method and apparatus for sorting and storing diverse articles wherein the apparatus comprises a base assembly and an integral upstanding storage panel assembly associated therewith. The base assembly forms a bin for receiving articles to be stored and serves the dual function of providing stabilizing support for the entire receptacle. The upstanding storage panel has a front face, a rear face, one or more openings extending orthogonally therethrough, and one or more shelves, each extending rearwardly from the rear face proximal to a corresponding aperture, respectively. A removable annular closure assembly in the form of a collar member insertable into each aperture is provided for temporarily attaching the open-end portion of a flexible storage bag to the panel assembly in the region of a corresponding opening with the remainder or closed-end portion of the storage bag extending rearwardly and reposing on its corresponding shelf.