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For Immediate Release

Contact:
May 27, 2011 John O'Malley (305) 961-9165;
Roland Ubaldo (212) 331-7200;
Lynzey Donahue (202) 307-9075
U.S. Marshals Service to Auction all Remaining Belongings of
Bernard and Ruth Madoff as Part of a Two-Day National Auction

Miami, FL – The U.S. Marshals Service will conduct two days of auctions in Miami Beach, Fla., starting Friday, June 3. The first day will consist of 345 lots of fine jewelry, watches, coins and currency that were seized and forfeited from criminal cases throughout the country. On day two, the last remaining personal property belonging to Bernard and Ruth Madoff – 275 lots from the Madoff residences in New York and Palm Beach, Fla. – will be sold. Both auctions will also be simulcast online.

Proceeds from the Madoff auction will be deposited into the U.S. Department of Justice Assets Forfeiture fund and used to compensate victims of Madoff’s Ponzi scheme. To date, approximately $23 million in property sales and $80 million in cash assets from the Madoffs have been recovered.  

Men’s Audemars Piguet watch with diamond dial Patinum diamond ring Patinum diamond ring

Items from the Jewelry Auction: Men’s Audemars Piguet watch with diamond dial and two platinum diamond rings

 
English rosewood apothecary carved wood bull sculptures John Wootton oil painting

Items from the Madoff Auction: English rosewood apothecary made by Morhs and Company, London; carved wood bull small sculptures; and John Wootton oil painting with Brocklesby Betty, a chestnut filly, and Astridge Ball

Location:      Miami Beach Convention Center
                     1901 Convention Center Dr.
                     Miami Beach, FL 33139

Media Only Preview:
Wednesday, June 1, 1 p.m. to 4 p.m.
All attendees must present media credentials for entry.

Public Preview:
Thursday, June 2, 11 a.m. to 4 p.m.
(Items will not be on display at the auction and can only be viewed on the preview day.)

National Auction of Jewelry, Watches, Coins and Currency:
Friday, June 3
Start time: 10 a.m.
Web Simulcast: www.txauction.com

Madoff Auction:
Saturday, June 4
Start time: 10 a.m.
Web Simulcast: www.txauction.com
 
Information:

  • Items will not be on display at the auction and can only be viewed on the preview day.
  • $500 cash deposit required for live bidders.
  • All assets are sold “as is, where is.”
  • Registration is open for Web simulcast at www.txauction.com.
  • Web registration closes Wednesday, June 1, at 10 a.m. and requires a $1,000 deposit.
  • See www.txauction.com for more bidder requirements, sales terms and conditions.

The U.S. Marshals Service is responsible for managing and selling seized and forfeited properties acquired by federal criminals through illegal activities. Proceeds generated from asset sales are used to compensate victims, supplement funding for law enforcement initiatives and support community programs.

Additional information about the U.S. Marshals can be found at http://www.usmarshals.gov.

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America’s Oldest Federal Law Enforcement Agency