Bernie Madoff personal items auctioned off this weekend

November 10, 2010 3:54:36 PM PST
Pleated boxer shorts, a ten karat diamond ring, and size nine wide shoes are just some of the items belonging to Bernie Madoff and his wife that are going on the auction block.

Thousands of items that once belonged to Bernie and Ruth Madoff up for auction, like the dining room table from the couple's Upper East Side penthouse, and furniture from their Montauk beach house.

"There is an extreme dichotomy between what he had, some things are very over the top and very nice and top of the market and some things are very average," said Jennifer Crane, U.S. Marshals Service.

Crane helped catalog all of the property that was forfeited and seized by U.S. Marshals.

The now disgraced stock broker, a graduate of Far Rockaway High School, clearly liked the finer things in life. Prada socks, high end watches and he meticulously kept every shoe box.

"There's a value to everything and everything goes to the victims," adds Crane.

Those who lost so much in Madoff's multi million dollar ponzi scam, will probably see some of the money from this auction.

Officials hope Saturday's auction brings in about $1.5 million. Last year a similar event pulled in about $1 million. A basic igloo cooler, went for $600.

Anything with Madoff's initials or name on it always does well, and there are plenty of items. Even Ruth liked marking her territory.

"Every home that I went into and I went into all three and all of the cars were marked BLM, BMIS for his company, RM for Ruth Madoff, everything was marked

These are the last batch of personal items up for sale from the Madoff's once lavish lifestyle in New York, a chapter many are glad to see close.

Auction Information
Saturday, November 13, 2010
Sheraton New York Hotel & Towers
811 7th Avenue @ 52nd Street
New York, NY 10019

The auction items are open to the public on Friday, November 12 at the Brooklyn Navy Yard, Building 25. You can also preview the items online at www.txauction.com
www.usmarshals.gov/madoff.

A $500 cash deposit and photo id must be provided before registration.

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