Madoff Wine Collection Fetches Nearly $42K - NBC New York

Madoff Wine Collection Fetches Nearly $42K



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    Bernard Madoff admitted in a guilty plea in 2009 that he was running a giant Ponzi scheme.

    Bernard Madoff's collection of wines and spirits has sold at auction for $41,530. That's almost twice its estimated value.

    Proceeds of the sales will go to the disgraced financier's victims.

    The online auction was held Wednesday. The pre-sale estimate for the 59 lots was $15,000 to $21,000.

    A case of 1996 Chateau Mouton-Rothschild was the top lot, fetching $6,800, above the $3,200 to $3,800 pre-sale estimate.

    Madoff is serving a 150-year prison sentence for masterminding a multibillion-dollar Ponzi scheme that robbed hundreds of victims around the world of their investments.

    U.S. Marshals seized the property to benefit Madoff's victims. They're holding a live auction of the contents of his former mansion in Palm Beach, Fla., on June 4