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What do you get for the person who has everything? Well, maybe you buy him a piece of history. The U.S. Marshals Service has done all the hard work, and now you can take advantage of it... maybe even at discount prices! Possessions seized from Ponzi schemer Bernie Madoff are set to go under the gavel in New York City on Saturday, so bring your checkbook and your appetite for luxury. The money will be used to compensate the victims of Madoff's crimes.
Interest has been strong, according to Roland Ubaldo, a spokesman for the Marshals Service. Fortunately, there's a little something for everyone. More than 100 items will be auctioned, including a professionally restored Rolex wristwatch (with alligator strap) from 1933. It's expected to fetch between $18,000 and $25,000. You could also pick up a New York Mets jacket stitched with "Madoff" and the number 25, but it could cost you up to $720.
If you need something special for your wife this Christmas, pick up some of Ruth Madoff's jewelry. An Edwardian-era diamond and emerald bracelet is estimated at $15,600 to $23,400. Golfers can rejoice in the clubs used to close many a deal and are only expected to sell for $350 to $400. The Big Bertha titanium driver has been adorned with "Ruth Madoff South Fork CC" on the shaft.
Three of the yachts that once belonged to one of the most famous new residents of Butner, North Carolina will be up for sale at an auction to be held in a separate auction next week in Florida.
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