Yesterday we went to the media preview for the Madoff Asset Auction.
The possessions come from the Madoffs New York penthouse and Montauk beachfront mansion and will probably sell for a total of $1.5 to $2 million – a “drop in the bucket” said a New York Marshall, compared to what he stole.
One thing we took away from the auction:
Bernie bought items he liked and would use, and wasn’t an investor per se. The only thing he technically collected was watches.
A total of almost 5,000 individual items will be on sale this Saturday.