Huffpost Business

Madoff Underwear Auctioned For $200 in Florida

Posted: Updated:
MADOFF UNDERWEAR AUCTION
14 pairs of underwear that once belonged to Bernard Madoff were sold for $200 Saturday at an auction in Miami Beach, Fla. | AP

MIAMI -- Thousands of buyers vied for items that once belonged to convicted swindler Bernard Madoff, with 14 pairs of underwear going for $200 and a photograph of a naked rear end selling for $4,600.

The Miami Herald reports the U.S. Marshals Service held the auction Saturday in Miami Beach. Some bidders, like Mike Burd of Long Island, planned to resell the goods for profit on eBay. Others, like North Miami online retailer Rich Kroll, simply wanted a piece of history.

The mostly household goods brought in more than $400,000, which will go toward compensating victims of Madoff's $65 billion Ponzi scheme. Madoff pleaded guilty and is serving a 150-year prison sentence.

___

Array

Around the Web

Madoff underwear sells for $200 at Fla. auction - Nation Wires ...

Bernie Madoff's underwear and socks fetch $1700 at auction ...

Madoff underwear sells for $200 at Fla. auction - seattlepi.com

Madoff underwear sells for $200 at Fla. auction

Bernie Madoff's monogrammed underwear and slippers up for auction ...