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The Schmooze

Up For Grabs: Bernie Madoff’s Monogrammed Velveteen Slippers

Want to walk a day in Bernie Madoff’s shoes? Now you can. The Wall Street Journal reports that over 400 pieces of Madoff’s personal property will be sold at auction next month, including Madoff’s monogrammed velveteen slippers. Other auction items include the desk where he did business, a diamond engagement ring (reportedly 10.5 carats) and a Steinway grand piano. All of the items will be sold during a live and online auction, held in New York on November 13 by the U.S. Marshals Service.

These high-priced items were seized from Bernard Madoff’s New York City and Montauk, Long Island, homes, following his criminal prosecution last year. The first government auction of Madoff’s possessions took place one year ago; expected to bring in $500,000, it raised more than twice that amount.

Can’t make it to New York for the auction? Not to worry. An auction of items confiscated from Madoff’s Palm Beach home will likely take place in Florida once the home is sold. Even more good news: Proceeds generated from the New York auction will go to the victims of Madoff’s multibillion-dollar Ponzi scheme.

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