The third auction of Bernie and Ruth Madoff's personal items brought in a hefty half a million dollars that will distributed to victims of Madoff's Ponzi scheme.
In a statement, Neil DeSousa, U.S. Marshal for the Southern District of Florida, said, "The proceeds of the Madoff auction will go towards compensating the many victims of this crime of historical proportions."
Last Saturday, the U.S. Marshals auctioned off 275 lots, most of which were taken from the Madoff's former home in West Palm Beach, Florida.
The home, along with two others the Madoffs owned in Montauk, N.Y., and New York City, were sold by law enforcement officials after Madoff confessed to operating a $65 billion dollar Ponzi scheme for more than a decade.
He is currently serving a 150-year sentence in Butner, North Carolina.
Like the two prior auctions of items taken from the Madoff's homes in New York, the auction in Florida contained goods as mundane as fishing lures and as eye-catching as a man's Rolex watch valued at $30,000.
Still, the third auction was the smallest among the three and raised the least amount of money.
An earlier auction of items taken from Madoff's Montauk home netted $1 million, and goods from his New York City apartment netted $2 million for victims.