Become a Member
World

Fraudster Madoff's diamonds, rolex auctioned

November 15, 2010 16:31
Bernard Madoff is serving an 150 year jail sentence

By

Jennifer Lipman,

Jennifer Lipman

1 min read

The worldly possessions of disgraced fraudster Bernard Madoff have been auctioned in New York for hundreds of thousand of pounds.

One bidder paid £342,000 for the engagement ring Madoff bought for his wife Ruth, while another buyer bought his vintage Rolex for £42,000.

More than 400 items were up for auction, including his monogrammed boxer shorts, slippers and socks, as well as Ruth Madoff’s diamond earrings and a broken leather foot stall which went for £2,000.

An 81-year-old amateur pianist paid £26,000 for a 1917 Steinway grand piano. He said the purchase was worth it because it would “make an interesting conversation piece”.