Top Stories
Top Stories
Slideshows

Madoff Property Auction

Ponzi Proceeds: Bidding On Madoff's Possessions

From an elegant diamond ring to a 1960 Hofstra class ring. A rare Rolex "Monoblocco" watch to a personalized New York Mets jacket. Luxurious furs to fishing rods. Bernard and Ruth Madoff's personal possessions, seized by the Feds earlier this year, will be auctioned this weekend.Proceeds from the sale will be set aside for victims of Madoff's Ponzi scheme, which unraveled nearly one year ago. Some 200 items up for bid include more than 40 watches, along with numerous bracelets, earrings, cufflin

As the verdict is delivered in the trial of former employees of white collar con man Bernie Madoff, here is a look back at all of the Madoff family goods grabbed by the Feds following the arrest of the disgraced pyramid scheme architect in 2009.

From an elegant diamond ring to a 1960 Hofstra class ring. A rare Rolex "Monoblocco" watch to a personalized New York Mets jacket. Luxurious furs to fishing rods. Bernard and Ruth Madoff's personal possessions, were seized and auctioned off in 2009 by the U.S. Marshals.

Proceeds from the sale were set aside for victims of Madoff's Ponzi scheme, which began to unravel in late 2008. Some 200 included more than 40 watches, along with numerous bracelets, earrings, cuff links, rings, and fur coats, all symbols of the extravagant lifestyle led by the Madoffs until Bernard's arrest. Other, more mundane and frivolous items included wooden decoy ducks, customized stationary, pens, and Post-it notes, and two mementos from Madoff's love of the seas: a buoy labeled "Bullship NY" and an original mixed media drawing of his boat, titled "Bull", commissioned by a captain and hand signed by artist Sherry Fink Muhs.

Gaston & Sheehan Auctioneers ran the auction for the U.S. Marshal's service.

Rolex Steel Watch - Lot 232

A professionally restored vintage Rolex watch with a black dial, white numbers and black alligator strap.
U.S. Marshals

A professionally restored vintage Rolex watch with a black dial, white numbers and black alligator strap.

Platinum Bracelet - Lot 202

A platinum Edwardian-era diamond and emerald link bracelet.
U.S. Marshals

A platinum Edwardian-era diamond and emerald link bracelet.

Golf Set - Lot 298

This set comes with a leather golf bag embroidered with the name South Fork Country Club, 28 used golf balls, a couple of golf clubs and three green and black crocheted head covers.
U.S. Marshals

This set comes with a leather golf bag embroidered with the name South Fork Country Club, 28 used golf balls, a couple of golf clubs and three green and black crocheted head covers.

Diamond Earrings - Lot 218

Silver pre-Victorian era pear cut diamond dangle earrings.
U.S. Marshals

Silver pre-Victorian era pear cut diamond dangle earrings.

"Bullship N.Y." Bouy - Lot 346

A white rescue ring bouy with the words "Bullship N.Y." hand painted on the front.
U.S. Marshals

A white rescue ring bouy with the words "Bullship N.Y." hand painted on the front.

Pearl Necklace - Lot 209a

A 123-inch strand necklace of Baroque Akoya pearls and white plated rhinestone loop costume earrings.
U.S. Marshals

A 123-inch strand necklace of Baroque Akoya pearls and white plated rhinestone loop costume earrings.

Cufflinks - Lot 197

Two sets of cufflinks. On the left, an 18-karat gold pair with mother-of-pearl and blue sapphires. On the right, 14-karat white gold blue stat sapphire and diamond cufflinks.
U.S. Marshals

Two sets of cufflinks. On the left, an 18-karat gold pair with mother-of-pearl and blue sapphires. On the right, 14-karat white gold blue stat sapphire and diamond cufflinks.

Rolex "Monoblocco" Watch - Lot 237

Men’s 18-karat gold vintage “Monoblocco” Rolex watch with a dark brown alligator strap.
U.S. Marshals

Men’s 18-karat gold vintage “Monoblocco” Rolex watch with a dark brown alligator strap.

Fur Coat - Lot 271

A Bill Blass brown mink coat. 
U.S. Marshals

A Bill Blass brown mink coat.

Sculpture Set - Lot 287

Three wood primitive Indian mask sculptures.
U.S. Marshals

Three wood primitive Indian mask sculptures.

Wooden Duck - Lot 292

A black and white wooden decoy duck.
U.S. Marshals

A black and white wooden decoy duck.

Crocodile Purse - Lot 314

This black crocodile hand bag, made by purse maker Zagliani, has a suede and silk lined interior.
U.S. Marshals

This black crocodile hand bag, made by purse maker Zagliani, has a suede and silk lined interior.

Boogie Boards - Lot 347

Three boogie boards with "Madoff" written in black marker.
U.S. Marshals

Three boogie boards with "Madoff" written in black marker.

Address Marker - Lot 348

An oval shaped wood yard sign with "BLM" and "216" written in black.
U.S. Marshals

An oval shaped wood yard sign with "BLM" and "216" written in black.

Stationary - Lot 349

White paper stationary with Bernie Madoff's New York City address printed on the envelopes.
U.S. Marshals

White paper stationary with Bernie Madoff's New York City address printed on the envelopes.

Hofstra School Ring - Lot 366

Bernie Madoff's Hofstra College class ring from 1960.
U.S. Marshals

Bernie Madoff's Hofstra College class ring from 1960.

Flatware - Lot 351

Set of Christofle flatware engraved with "RMB." In all, there are 178 total pieces.
U.S. Marshals

Set of Christofle flatware engraved with "RMB." In all, there are 178 total pieces.

Tourmaline & Diamond Ring - Lot 370

This 18-karat white gold Judith Ripka ring features diamonds and a pink tourmaline.
U.S. Marshals

This 18-karat white gold Judith Ripka ring features diamonds and a pink tourmaline.

Boat Artwork - Lot 383

An original ink and pencil drawing of "Bull," Bernard Madoff's boat, signed by Sherry Frink Muhs.Related:
U.S. Marshals

An original ink and pencil drawing of "Bull," Bernard Madoff's boat, signed by Sherry Frink Muhs.

Related: