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.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.