“It is very distinctive, it is very stylish – it is very Louis Vuitton… wherever you go in the world you will see people carrying the distinctive Louis Vuitton brand… whether it is a little bag or a huge suitcase.  It talks of distinction and taste” – Cherie Blair at the London Louis Vuitton New Bond Street Maison Opening.

 

Home

Authentication Service

Book Release

Blog

Contact Us

 

Main Menu

Home

Ladies Section

Mens Section

Watches

Rolex

Patek Philippe

Cartier

Omega

Breitling

Clocks

Luggage

Writing Instruments

Diamonds

Pearls

Classic Cars

Modern Cars

FOR SALE

WANTED TO BUY

Internet Resources

My YouTube Channel

Contact Us

 

 

Bernie Madoff Watch Collection

 

 

Doing time: The incredible watch collection of disgraced financier Bernard Madoff goes under the hammer

Barely a year ago he was one of Wall Street's most powerful and wealthy figures. Then he was arrested and his massive financial empire was exposed as a fraud.

It is five months since Bernard Madoff was convicted of masterminding the world's biggest investment scam.

He was sentenced to 150 years for the Ponzi scheme, estimated to have run to £30billion, which brought him and his wife Ruth, right, a billionaire lifestyle.

Yesterday, it was payback time as Madoff's belongings were auctioned off in a fire sale in New York.

Clothes, jewellery, trinkets and household objects seized from his Manhattan penthouse, Hamptons beach house and Palm Beach estate went under the hammer, raising more than £600,000 -- about twice what had been expected.

Some lots went for considerably more than their estimates, including a wooden duck decoy. Expected to fetch just £50, it actually sold for an incredible £2,850.

A blue satin baseball jacket from the New York Mets emblazoned with the name Madoff fetched £8,700 in another of the sale's most frenzied bidding battles. It had been expected to fetch just £430.

The goods sold off offered a fascinating insight into Madoff's world. The tycoon had a huge passion for watches, 46 of which were sold yesterday - and all but one of which are pictured here with their estimated price and what they actually fetched.

Rolex was a favoured brand, ironic given that Madoff was said to have lost the Swiss company £600,000.

A flurry of interest meant some of the more 'affordable' watches went for more than three times the best estimate - though the top-end models proved a more difficult sell.

According to renowned watch expert Ken Kessler, who has provided his verdict on each of the items: 'Bernie's selection is nothing if not eclectic with some true masterpieces.'

 

osCommerce templates

 

Copyright 2010 Hiromi Kirishima. All Rights Reserved

Hit Counter by Digits