Madoff Auction Makes $2M

Bernie's used boxers: The perfect holiday gift!
By Evann Gastaldo,  Newser Staff
Posted Nov 14, 2010 3:14 PM CST
Madoff Auction Makes $2M
Ten pair of men's Italian & French designer shoes, part of thousands of belongings from Bernard Madoff's New York City penthouse on the auction block in New York on Saturday, Nov. 13, 2010.   (AP Photo/Proxibid, Gaston and Sheehan, US Marshals Service)

(Newser) – If ever you had a desire to buy a pair of Bernie Madoff’s cuticle scissors … you missed your chance. More of the Ponzi schemer’s stuff, including, yes, cuticle scissors, was auctioned off yesterday. The sale grossed more than $2 million—quite a bit more than the $1.2 million that was predicted. Among the thousands of belongings that hit the auction block: Ruth’s engagement ring ($550,000) and diamond earrings ($135,000), a vintage Rolex watch ($67,500), and a leather bull foot stool ($3,300—even though the tail broke off).

The US Marshals Service also put together lots of somewhat stranger items, including everything from slippers, pantyhose, and monogrammed boxer shorts (11 pairs for $1,700!) to bed linens, socks, and shampoo. The first Madoff auction, held last year, made $1 million. The third and last auction will be held in Florida, the AP reports. Proceeds from all the auctions as well as the sale of his yacht, boats, $5.5 million Palm Beach home, and $8 million Manhattan penthouse will go to the more than 3,000 victims of his Ponzi scheme. For more on the auction, click here.
(Read more Bernard L. Madoff Investment Securities stories.)

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