Madoff Bull to Flow at Marshals Auction
#1
11-17-2009, 08:36 AM
Madoff Bull to Flow at Marshals Auction 
The latest "Bull" from Bernie Madoff is about to be unloaded. His yacht, which bears that name, will join two others under the gavel, and the action before the sale is already impressive. So far, 29 people have thrown down the $100,000 deposit needed to gain a ticket to the party, and the U.S. Marshals Service expects more registrations to come.
There's a theme in the both names. His largest yacht, a 55-foot 1969 Rybovitch sportfisher is called "Bull," and the other two, a 38-footer and a 24-footer, are named "Sitting Bull" and "Little Bull," respectively. Also, Frank DiPascali's 61-foot Viking fishing yacht will be auctioned off on Tuesday. DiPascali was Madoff's CFO.
Non-maritime lots to wind up on the block include a 1999 Mercedes-Benz CLK 320 convertible, with only 12,800 miles on it. The auction has not been given a presale estimate, figuring that the Madoff name can push prices higher. This is exactly what happened over the weekend, when an auction of the felon's personal effects brought in north of $1 million.
Says Jennifer Crane of the asset forfeiture division of the U.S. Marshals Service, "You can't really put a price on this."
There's a theme in the both names. His largest yacht, a 55-foot 1969 Rybovitch sportfisher is called "Bull," and the other two, a 38-footer and a 24-footer, are named "Sitting Bull" and "Little Bull," respectively. Also, Frank DiPascali's 61-foot Viking fishing yacht will be auctioned off on Tuesday. DiPascali was Madoff's CFO.
Non-maritime lots to wind up on the block include a 1999 Mercedes-Benz CLK 320 convertible, with only 12,800 miles on it. The auction has not been given a presale estimate, figuring that the Madoff name can push prices higher. This is exactly what happened over the weekend, when an auction of the felon's personal effects brought in north of $1 million.
Says Jennifer Crane of the asset forfeiture division of the U.S. Marshals Service, "You can't really put a price on this."
#4
11-17-2009, 02:28 PM
The first auction only brought in $1M? Well, as long as they keep that up about 1,000 times more they'll get some of the money back that he scammed out of people...
I saw on the news some of the stuff sold at the auctions, his Rolex collection among other things. He had a limited edition Rolex made for POW's?
Nice boat!
I saw on the news some of the stuff sold at the auctions, his Rolex collection among other things. He had a limited edition Rolex made for POW's?
Nice boat!
#5
11-17-2009, 10:04 PM
Madoff's 55-foot (17-metre) restored 1969 Rybovich fishing boat "Bull" sold for $700,000. "Sitting Bull," his 38-foot (12-metre) 2003 Shelter Island Runabout, brought $320,000 and "Little Bull," a 23-foot (7-metre) Maverick, sold for $21,000.
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