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Madoff's underwear fetch $200 at Florida auction
June 5, 2011 / 5:01 PM / 6 years ago

Madoff's underwear fetch $200 at Florida auction

MIAMI (Reuters) - Underpants belonging to Wall Street swindler Bernard Madoff were among items sold during the weekend at an auction held under the auspices of the U.S. Marshals Service.

<p>Tote bags, oil paintings and vases formerly owned by convicted Ponzi schemer Bernard Madoff are seen in a storage room at the Miami Beach Convension Center awaiting auction by the U.S. Marshals Service in Miami Beach, Florida June 4, 2011. REUTERS/Hans Deryk</p>

The Miami Herald said the 14 pairs of boxer shorts, confiscated along with other personal items from Madoff’s former mansion in nearby Palm Beach, fetched a total of $200.

The items sold were mostly household goods but a Madoff shoe collection, antique golf clubs and some artwork also were included.

A work titled “Nude” by Depression-era photographer Edward Weston, a picture of a stark naked rear end, sold for $4,600, the newspaper said.

It said about 6,000 online bidders participated in the auction and more than $400,000 in proceeds will go toward compensating victims of Madoff’s $65 billion Ponzi scheme, for which he is now serving a 150-year prison sentence.

Reporting by Tom Brown; Editing by Bill Trott

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