Bernard Madoff the infamous businessman who recently has caught the fancy of the media for his notorious ponzi schemes for which he has been sentenced for a 150years imprisonment and duped thousands of investors for billions of dollars for which the Govt finally auctioned of all his assets. Some of which included 3 luxury yachts.

Madoff’s 1969 Rybovich, a restored 55-foot wooden fishing boat, sold for $700,000 to an unknown buyer. A 38-foot Shelter Island runabout named “Sitting Bull” went for $320,000 and the 24-foot Maverick center console “Little Bull” fetched $21,000. The Mercedes, a 1999 black model owned by Ruth Madoff, sold for $30,000.

A 61-foot Viking yacht once owned by Madoff’s former chief financial officer, Frank DiPascali, sold for $950,000.

The private auction was held by the U.S. Marshals Service, which seized Madoff’s property and assets after his massive Ponzi scheme was exposed. All proceeds will benefit Madoff’s wronged investors, and Madoff himself is serving a 150-year federal prison sentence.

Seventy bidders registered for the event, many of them putting up a $100,000 deposit to make offers on the yachts. Kevin Quirk, a marina manager, said Madoff’s notoriety was a big reason for the large turnout.

A delighted Bob Toney, president of National Liquidators, added: “We couldn’t have been more pleased with the results. The auction attracted serious bidders who were interested in the high-quality of the vessels.”

The boat auction followed a sale of Madoff personal property in New York that also raised more than $1 million. Two or three additional auctions are planned, and Madoff’s homes in Manhattan and Palm Beach remain for sale.

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