Madoff's jewellery and watches up for auction

First published: 11-11-2009

No less than 16 Rolex watches and a box of jewellery will be on sale in New York this weekend, after a convicted fraudster's personal items are being put under the hammer to make money back for his victims.

Bernard Madoff, the former NASDAQ chief convicted of fraud during the summer after being discovered to have established a Ponzi plan - an economic model comparable to a pyramid scheme - conned his investors out of millions, resulting in a 150-year prison sentence.

The watches are estimated to be worth around $500,000 (£300,000) alone, while an emerald and diamond link bracelet has been priced at over $23,000 (£13,720).

Other items for sale include baseball caps, monogrammed shirts and other more strange offerings, such as a milking stool, boogie boards for body surfing and a box of fishing tackle - all available to the highest bidder.

Another man charged with fraudulent activity - Sir Allen Stanford, the founder of the high-paying 20/20 cricket tournament - is currently awaiting trial, though was hospitalised in September after getting into a fight with a fellow inmate.


Related articles

Under the spotlight: STORM watches and jewellery

Posted: 27-11-2018

STORM London is known for breaking the rules with its edgy, sophisticated, and fun watch and jewellery designs. Get inspired to shatter expectations and check out some of our favourite STORM designs today.

Under the spotlight: Timex watches

Posted: 27-11-2018

Formal, sporty, vintage, or casual? Choose your next watch from the timelessly iconic Timex collection and combine legendary fashion with contemporary chic.

Under the spotlight: Guess

Posted: 27-11-2018

Make your next watch a Guess watch and choose from a range of gorgeous styles and designs for men and women. Whether you want reimagined vintage or stand-out chic, there’s a Guess watch for you.

A guide to buying a fitness watch for 2019

Posted: 27-11-2018

Use our guide to choose a watch that helps you hit your fitness targets this New Year, whatever your ability. Explore sharp designs from a range of top brands, including Polar, Garmin, Fitbit, and more.