Bernard Madoff’s Watch Collection Catches Quite A Bit At Auction

Bernard Madoff’s Watch Collection Catches Quite A Bit At Auction
Convicted fraudster Bernard Madoff’s possessions were auctioned off by the United States Marshal Service after he was sentenced to life in prison last year by a judge. Proceeds from the auction will go to pay off the victims of the Ponzi scheme fraud that Madoff was convicted of running which led to his prison sentence.
Part of Bernard Madoff’s watch collection was sold in the last auction held by the US Marshalls Service. This auction a Rolex Moonphase watch sold for sixty seven thousand five hundred US dollars. His Rolex Cosmograph Daytona fetched forty thousand dollars and a couple of Patek Philippe vintage watches collected fifty six thousand dollars and thirty seven thousand five hundred dollars respectively. A custom Tiffany Mantle clock also received a winning bid of nine thousand two hundred fity dollars.
Other items auctioned off include a Tabriz rug, A Tuscan landscape by Henry Twatchman and artist of the nineteenth century and an oil painting by American Impressionist Frederick Carl Frieseke . More interesting items auctioned off include Madoff’s shoes, slippers, socks and underpants.
Madoff is seventy two and is currently serving a life sentence in North Carolina, United States.