Pieces of Madoff Are on the Block

The Wall Street Journal reports:

Bernard Madoff's watches, his personalized Mets jacket and Post-it notes will go on the auction block this weekend in a government-run garage sale designed to raise at least $500,000 for the victims of his Ponzi scheme.

The trove of jewelry, furs and sports memorabilia seized by the U.S. Marshals from the imprisoned Ponzi-scheme operator's Manhattan penthouse and Montauk, N.Y., beach home offers a peek at the lifestyle of Mr. Madoff and his wife, Ruth. Proceeds from the sale of the roughly 200 items will go toward compensating victims.

The blue satin Mets baseball-team jacket with "Madoff" stitched on the back in orange is estimated by Gaston & Sheehan Auctioneers, which is handling the auction, to fetch between $500 and $720. Three Boogie boards with "Madoff" written on them in black marker are estimated to bring at least $80 in a lot that also includes fishing reels and a labeled tackle box.

White his-and-hers stationery with the names Bernard Madoff and Ruth Madoff printed on it, along with envelopes, is expected to go for at least $90 in a lot that also contains pens and personalized sticky notes. A 1960 Hofstra University ring that belonged to Mr. Madoff, engraved with his initials, is valued at about $300.

It's worth picking up a copy of the Journal for this one.