This Saturday, thousands of belongings from Bernie Madoff’s NYC Penthouse were auctioned off at the Sheraton New York Hotel & Towers recouping a little over $2 million! Even though that comes nothing close to the $50 billion he ripped off of his clients, the auction was packed with buyers eager to bid on some of Madoff’s most prized posessions.
The highest bid at the auction was $550,000 for a 10.5-carat diamond engagement ring that belonged to Madoff’s wife, Ruth!! Ruth Madoff’s French diamond earrings fetched the next highest price for $135,000 to an undisclosed buyer and one of Madoff’s vintage steel Rolex “Moon Phase” watches sold for $67,500. Proceeds from the auction will go to fund compensating victims who lost their savings to Madoff.
Karma is no joke! What goes around comes around!! Check out some pics of what was auctioned off after the jump…
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