Marshals

Madoff Bull to Flow at Marshals Auction

Filed under: Auctions

The latest "Bull" from Bernie Madoff is about to be unloaded. His yacht, which bears that name, will join two others under the gavel, and the action before the sale is already impressive. So far, 29 people have thrown down the $100,000 deposit needed to gain a ticket to the party, and the U.S. Marshals Service expects more registrations to come.

There's a theme in the both names. His largest yacht, a 55-foot 1969 Rybovitch sportfisher is called "Bull," and the other two, a 38-footer and a 24-footer, are named "Sitting Bull" and "Little Bull," respectively. Also, Frank DiPascali's 61-foot Viking fishing yacht will be auctioned off on Tuesday. DiPascali was Madoff's CFO.

Non-maritime lots to wind up on the block include a 1999 Mercedes-Benz CLK 320 convertible, with only 12,800 miles on it.

The auction has not been given a presale estimate, figuring that the Madoff name can push prices higher. This is exactly what happened over the weekend, when an auction of the felon's personal effects brought in north of $1 million.

Says Jennifer Crane of the asset forfeiture division of the U.S. Marshals Service, "You can't really put a price on this."

Gallery: Bernie Madoff's Little Bull

Gallery: Bernie Madoff's Sitting Bull

Gallery: Bernie Madoff's The Bull

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Tags: auction, auctions, BernardMadoff, bernie madoff, BernieMadoff, Frank DiPascali, FrankDipascali, madoff, MadoffPonziScheme, MadoffScandal, Marshals, mercedes-benz, scandal, Scandals, US Marshals, UsMarshals, yacht, yacht for sale, YachtForSale, yachts

Bernie Madoff's Personal Effects Up For Auction

by Deidre Woollard (RSS feed) —

Filed under: Auctions

We've seen the houses and yachts go up for sale, now some of the smaller Madoff effects are ready to hit the auction block in an upcoming U.S. Marshals sale. Many of Madoff's pieces including his Rolex watches and a satin New York Mets jacket with the name 'Madoff' on the back in big orange letters are up for sale this weekend. The auction features flatware, furs, art, golf clubs and Mrs. Madoff's designer purses. Even Madoff's stationery and personalized Post-It notes are up for bid.

The pieces will be auctioned off through Gaston & Sheehan Auctioneers Inc. at 10 a.m. EST on November 14 at the Sheraton New York Hotel & Towers. Bidding will also be available online. The Wall Street Journal added up the over 200 lots which have an estimated value of around $500,000 but could go for more depending on just how badly people want a piece of this epic swindler. Check out CNBC's gallery of some of the items.

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Tags: auction, bernard madoff, BernardMadoff, bernie madoff, BernieMadoff, madoff, marshals, u.s. marshals, U.s.Marshals