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.
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