Madoff Auction: $4,750 for a Decoy Duck?
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Everyone had their reasons for buying what they did at the auction. Some just wanted a piece of history. Others wanted to resell the items or display them in their office.
One financial adviser from Latin America, who wouldn’t give his name, flew 10,000 miles to New York with his wife for the auction. Several of his clients were victims of Madoff.
“I’m on a support mission,” said the man, who bought a set of Titleist golf clubs and a couple of fishing rods. “The more money goes into this, the more people recover,” he said.
So, does he plan to golf with the clubs?
“Of course!” he said. “I’m going to hit them as hard as I can!”
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People came from near and far to bid on Bernie Madoff's things—and they paid a premium for a little piece of this dark chapter of US history. Ruth's baubles were some of the hottest items—several pairs of earnings went for $70,000 or more. One wooden duck decoy sold for nearly $5,000.