Hot on the heels of the premiere of “Madoff”, the ABC documentary about everyone’s favorite Ponzi schemer, Bernie Madoff, comes the ultimate auction for his luxury trinkets.
CNN Money reports that you can now own seized luxe memorabilia that once belonged to Bernie and his wife Ruth.
On the block via the U.S. Marshals, are six pieces of jewelry ranging in value, but totaling approximately $100,000. While prices are changing because bids are pouring in, a diamond tennis bracelet is the highest priced, currently with a leading bid of $22,855. Other items include an antique platinum, gold and emerald necklace currently listed at $15,300 and a leaf-shaped Boucheron brooch – made of silver and 14 karat yellow gold – priced at $11,050.
In addition there are two 18K-gold Patek Philippe watches which started at $21,750. The lowest priced, and most ironic, is a Tiffany money clip (sans cash, of course) that has 55 bids but is still a relatively affordable $2,010. Now, if that isn’t the steal of the century, we don’t know what is.
But if the idea of owning luxury items paid for with money from defrauded investors leaves a bad taste in your mouth, remember that all funds garnered will be used to help Madoff’s victims.
The auction term will run through Feb. 16, and is available at Gaston and Sheehan Auctioneers. Madoff’s prison term will run much longer, at 150 years in federal prison.