Madoff's Wine Collection To Be Auctioned
Good wine often needs some time in the cellar before its ready to drink, but given that Bernie Madoff has a prison term of 150 years, it is safe to say that he will not able to make use of his collection (seized from two properties). On May 18, Morrell & Company will auction off 58 lots of Madoff's wine and spirits collection, which is estimated at around $15,000.
His collection includes:
- a case of 1996 Chateau Mouton-Rothschild ($3,200-$3,800)
- six bottle of 1990 Chateau Beychevelle ($350-$480)
- one bottle of 1964 Chateau Cheval Blanc ($500-$750)
- six bottles of 1997 Antinori Tignanello ($850-$1,200)
Certain bottles wouldn't typically "pass muster" for a Morell auction, but they are included for their relevancy as conversation pieces rather than for their quality of wine. The proceeds from the sale, made possible by the U.S. Marshals Office, will go to Madoff's victims as part of a "general recovery effort" according to the Morell website.