Bernie's Boats Go for $2 Million at Auction
Bidders went all out on the boats and cars of Bernie Madoff
National Liquidators
The three luxury boats that belonged to Bernie Madoff, along with the yacht once owned by Madoff CFO Frank DiPascali.
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.
Copyright Associated Press / NBC 6 Miami
Posted Tuesday, Nov 17, 2009 - 7:57 PM EST
