Madoff Art Up For Auction This Weekend
More of Bernie Madoff's belongings are going up for sale this weekend. The Colorado Independent reports that on Saturday December 18 the Sonnenalp Hotel in Vail will host a "Bernie Madoff Auction of fine art, jewelry, rugs, bronzes and more." Many residents of Aspen and Vail were victims of Madoff's multi-billion dollar fraud.The Ponzi schemer is now serving 150 years in prison. His son Mark committed suicide last week, two years to the day after his father's arrest in 2009. The auction will feature paintings by Marc Chagall, Henry Matisse, Norman Rockwell, Salvador Dali, Pablo Picasso and Peter Max, according to a mailer the Independent says was mailed to Vail residents. The auction features Bernie Madoff personal property purchased at Madoff auctions together with merchandise bought directly from victims of the Ponzi scheme and other merchandise and seized assets obtained from various government auctions." It appears that this auction is not being held by the government and is instead a sale that cashes in on the Madoff provenance. It's unclear if this auction benefits Madoff's victims.
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