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Madoff Belongings Go On Auction
By
Jen Chung
Published Nov 14, 2009
Modified Nov 14, 2009
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By
Jen Chung
Published Nov 14, 2009
Modified Nov 14, 2009
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Today, Gaston & Sheehan Auctioneers are helping the U.S. Marshals sell of items belonging to Ponzi schemer Bernard Madoff and his wife Ruth. You can see the various lots here—there's couple's jewelry, clothing knickknacks, and whatever else the Marshals found in their three homes. In other words, it's slightly more high-end than the average yard sale.
The NY Times described the scene at yesterday's preview:
A crowded corner held Rolex and other high-end watches and diamond-encrusted pieces that might dazzle the eye, but there’s nothing like a room full of United States marshals with dark blue jackets and badges to kill the mystique of precious jewels. The rest of the display looked like samplings from your typical high-end Westchester estate sale: the inevitable framed Henri Cartier Bresson poster, the crocodile purse, the bland dishware from the beach house, some primitive art that the purchasers probably described to their friends as “funky” when they bought it years ago.
It's hoped the auction will raise at least $500,000 for Madoff's victims.
Tagged
auction
Bernard Madoff
ponzi scheme
Ruth Madoff
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
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