Marketsurfer buys life belt from Madoff's Yacht

This is truly unreal!!!


http://www.guardian.co.uk/business/2009/nov/15/bernard-madoff-auction-sheraton


But those in the hall, plus 1,000 online bidders joining the auction through cyberspace, seemed to see value in the most mundane bric-a-brac. A lot comprising a fishing tackle box and a boogie board marked "Madoff" in black pen fetched $1,000. And three polo shirts bearing the name of Madoff's yacht, Bull, were snapped up for $1,300.

A life belt from Madoff's vessel was sold for $7,500 to Dave Goodboy, a hedge fund manager, who told the New York Times: "It's like having something off the Titanic."

And a buyer paid $2,000 for a wooden sign, obscurely marked BLM 216. The sign, it seems, once stood outside the Madoff family's beachside retreat on Long Island – at 216 Old Montauk Highway.
 
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http://www.theaustralian.com.au/new...n-1m-for-victims/story-e6frg6so-1225797977199

more surfer shenanigans!


The various items include dishes, pens and stationery, boogie boards emblazoned with the 71-year-old’s Bernard Madoff’s last name, and a Rolex nicknamed the “Prisoner Watch.” A pair of diamond earrings was estimated to sell for $21,400, while a diamond and emerald bracelet was expected to be sold for $23,400.

“It tells a story of excess,” said Goodboy, 44, a hedge fund employee. “Everything this guy had isn’t going to save him from being greedy. It’s a lesson to stay legitimate.” “There is a $150 wallet I want,” said Jose Gout, 39, a restaurant manager. “It’d be great to have this guy’s wallet. It’d be a funny conversation piece.”



Read more: http://www.thaindian.com/newsportal...s-up-for-auction_100274927.html#ixzz0WxzbI8TH
 
smartmoney.com calls the guy a "marketing executive"

http://www.smartmoney.com/spending/deals/Who-Cares-About-Madoff/

Michael Graham, 17, student
Minneapolis, MN
Has his eye on: Decorative rescue ring painted €œBullship NY€
Budget: $1,000
Why: It's a good symbol of the recession. I plan to hang it in my room.

Dave Goodboy, 44, marketing executive
New York, NY
Has his eye on: Duck decoys
Budget: What's that ?
Why: Madoff represents part of what'€™s wrong with Wall Street, part of the history of Wall Street. I want a piece of it.

Louis Carmo, 44, hotel owner
New York, NY
Has his eye on: Bull and bear cuff links
Budget: A few thousand”
Why: He pulled off the scam of a lifetime. Even though it's fresh now, down the road it'll be more valuable.
 
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