Bernie's Boats Go for $2 Million at Auction

Bidders went all out on the boats and cars of Bernie Madoff

By Todd Wright
|  Tuesday, Nov 17, 2009  |  Updated 8:03 PM EDT
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Bernie's Boats Go for $2 Million at Auction

National Liquidators

The three luxury boats that belonged to Bernie Madoff, along with the yacht once owned by Madoff CFO Frank DiPascali.

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Pardon the Bull

Bernie Madoff's Florida digs are up for sale and FBI agents gave a sneak peek at what's in store for any potential buyer. You won't be wondering where's the beef.

Madoff Boat Auction

A llok at the fancy boats that belonged to Bernie Madoff, now being auctioned off in Fort Lauderdale.
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Bernard Madoff's yacht "Bull," two smaller boats and a Mercedes-Benz convertible have been sold for over $1 million combined at a private auction in Fort Lauderdale Tuesday.

Madoff's 1969 Rybovich, a 55-foot fishing boat, sold for $700,000 to an unknown buyer. A 38-foot Shelter Island runabout named "Sitting Bull" went for $320,000 and the 24-foot Maverick center console "Little Bull" fetched $21,000.

The Mercedes, a 1999 model, sold for $30,000. It didn't have a name be we call it Bull-et (get it?).

A 61-foot Viking yacht once owned by a Madoff associate sold for $950,000.

Proceeds will benefit Madoff's wronged investors. Madoff is serving a 150-year prison sentence.

The private auction was held by the U.S. Marshals, which seized Madoff's assets after his massive Ponzi scheme was exposed.

Posted Nov 17, 2009
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