Madoff's Rolex, Boats and More to be Auctioned
The jacket is one of more than 100 seized items once belonging to the famous Ponzi schemer and his wife Ruth Madoff set to be auctioned to the public Saturday in New York. Other items include Madoff's Rolex watch, Mrs. Madoff's jewelry and furs, and a decoy duck.
The property was forfeited in connection with Madoff's prosecution and the auction is run by the U.S. Marshals Service, which seized it in a series of raids. According to a press release, the proceeds "will be distributed to the United States Department of Justice forfeiture fund to compensate the victims of this multi-billion dollar fraud."
And if a Rolex simply isn't a big enough Madoff acquisition, head down to Ft. Lauderdale, Fla., where on Tuesday the Marshals Service will be auctioning off three luxury yachts seized from Madoff, plus a 61-foot fishing yacht formerly owned by top Madoff aide Frank DiPascali (plus Madoff's low-mileage Mercedes Benz CLK 320 convertible).
The DiPascali boat is described as follows: "61-foot 2003 Viking Convertible high-performance powerboat with tournament-grade fittings, top-grade craftsmanship and amenities designed for the elite sportfisherman."
The auction details:
New York:
Saturday, November 14, 2009 at 10:00 a.m.
Sheraton New York Hotel & Towers
811 7th Avenue (at 52nd Street)
New York, NY 10019
Bidder requirements, sales, terms and conditions of sale can be found online at www.txauction.com.
Online bidders must be registered and have bid deposits of $1,000 in place no later than Nov. 12 at 3:30 p.m. EST. Live bidder registration is continuous on preview day and day of sale.
Ft. Lauderdale:
Tuesday, November 17, 2009 at 4:00 p.m.
National Liquidators
1915 S.W. 21st Avenue
Fort Lauderdale, FL 33312
All potential bidders must pre-register to view the vessels and participate in the auction. Potential buyers can register, view photos of the vessels, and obtain all the documents needed during the auction at www.yachtauctions.com or www.usmarshals.gov/Madoff. Only registered bidders may attend the live auction.
