In Fort Lauderdale, Fla., Bernard L. Madoff's 3 powerboats brought in $1,041,000 at an auction, according to a Bloomberg report. The proceeds will benefit victims of Madoff's $65 billion Ponzi scheme.

"Bull," a 55-foot 1969 Rybovich Sportfish, sold for $700,000. "Sitting Bull," a 38-foot 2003 Shelter Island Runabout Sport, sold for $320,000, and "Little Bull," a 24-foot 2000 center-console powerboat from Maverick Boat Co., brought in $21,000. In addition, a 1999 Mercedes Benz CLK 320 convertible owned by Ruth Madoff, sold for $30,000, which only had 12,827 miles.

By the time the auction got underway, 70 bidders had registered with National Liquidators, a Florida-based vessel- recovery company offering Madoff's boats and the Mercedes Benz.

Madoff, 71, is serving a 150-year prison sentence after pleading guilty to using money from new clients to pay off old ones.

The company also took in $950,000 for a 61-foot 2003 Viking sport-fishing yacht owned by Frank DiPascali, former chief financial officer of Bernard L. Madoff Investment Securities LLC. He pleaded guilty to aiding Madoff in the Ponzi scheme.

The Madoff provenance was not likely to attract hard-core fishermen, John D'Agostino said, sales manager at HMY Yacht Sales, a Florida-based company that sells used yachts.

"They want a deal. They could care less whose boat it was," D'Agostino said.

Madoff's custom-designed "Bull", features a hydraulic elevator, Toney said, and teak woodwork. The bar glasses have hand- painted bulls.

The average price for a 1969 Rybovich is $450,000 in HMY's database, D'Agostino said.

The U.S. Marshals Service seized the vessels on April 1. It is responsible for the management and disposition of Bernard and Ruth Madoff's assets, and for collecting the proceeds from sales of the assets, which will be used for victim restitution.

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Madoff&#039;s yachts bring more than $1 million at auction

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Madoff's yachts bring more than $1 million at auction