Madoff's personal belongings up for auction in NYC - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Madoff's personal belongings up for auction in NYC

By VERENA DOBNIK
Associated Press Writer

NEW YORK (AP) -- As Bernard Madoff sits in a North Carolina prison serving a 150-year sentence, remnants of the fallen financier's once lavish lifestyle are going on the auction block at a Manhattan hotel.

Around 200 items - ranging from a half-used sticky pad to expensive jewelry - are being auctioned off Saturday in the grand ballroom at the Sheraton New York Hotel & Towers.

The items were taken from Madoff's homes on Manhattan's Upper East Side, in the Hamptons and in Palm Beach, Fla., which federal authorities seized after he was convicted of defrauding investors.

They include dishes, pens and stationery, boogie boards emblazoned with the 71-year-old's last name, and a Rolex nicknamed the "Prisoner Watch."

Proceeds from the auction will be divided among Madoff's victims.

---

On the Net:

Madoff auction catalog: http://www.txauction.com

Madoff auction online: http://www.proxibid.com

 

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy.

 

Powered by Frankly