Madoff s Luxury Watch Collection Sells Big
From wooden duck decoys, and a personalized Met’s baseball jacket, to all but one of the 46 luxury watches which were sold at the Madoff auction, everything fetched a higher price that what the now jailed financier originally paid for it.
Why people would want to own something that was purchased with money that Madoff stole from his clients is beyond me; however the good news is that the proceeds of the auction, which netted over $1 million dollars, will be shared among his victims.
Here is a partial listing of the watches that Madoff wore and were sold. The only luxury men’s watch that did not sell because it failed to garner its minimum bid of $35,000 was a gentleman’s vintage Rolex Oyster. Rolex was the favored brand by Madoff, which is ironic considering that he lost the Swiss watchmaker almost a million dollars.
A stainless steel Bvlgari watch (pictured here), two Hublot watches, one a classic, stainless steel chronograph and the other a large, steel men’s Hublot with automatic movement and black rubber strap.
An Audemars Piguet Millenary model that features a slightly oval case and comes with a spare strap, and another Audemars Piguet watch with silver dial and brown alligator strap were sold.
A Jaeger-LeCoultre Master Geographic, known as one of the most reliable traveler’s watches ever, due to the fact that it shows multiple time zones, with city names located at the 6 o’clock position, plus another Jaeger men’s watch made from stainless steel were let go.
In addition to Rolex watches, Madoff also loved Cartier watches. A Gent’s Cartier Cougar (as pictured), a Gent’s stainless steel Cartier Tank Basculante with navy blue alligator strap, a large 18-carat gold Cartier Tank Americaine, and an 18-carat gold Cartier Tank Francaise were among those auctioned off.
A Blancpain Leman flyback and an IWC Mark XV gent’s stainless steel watch were some others.
Discussion Area - Leave a Comment