- The Washington Times - Sunday, November 15, 2009

Buyer pays $14,500 for Madoff jacket

NEW YORK | Items once belonging to Wall Street swindler Bernard Madoff and his wife have fetched as much as 20 times their estimated value at a New York City auction.

The fallen financier’s blue satin New York Mets baseball jacket with his surname stitched on the back was valued up to $720, but sold for $14,500. Two pairs of Ruth Madoff’s diamond dangle earrings sold for $70,000 each, far beyond their pre-sale estimates of $9,800 and $21,400.

But the top-priced item in the sale was Bernard Madoff’s Rolex watch, estimated to sell for about $80,000. An anonymous buyer picked it up for only $65,000.

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