Bernard Madoff's Jacket, Watch Auctioned In NYC

NEW YORK -- Items once belonging to Wall Street swindler Bernard Madoff and his wife have been sold in New York City for a total of about $1 million, twice as much as auctioneers had hoped for.

The fallen financier's blue satin New York Mets baseball jacket with his surname stitched on the back was valued at up to $720 but sold for $14,500.

Two pairs of Ruth Madoff's diamond dangle earrings sold for $70,000 each, far beyond their pre-sale estimates of $10,000 and $21,000.

The most highly prized item in the sale was Bernard Madoff's Rolex watch, estimated to sell for about $80,000. An anonymous buyer picked it up for only $65,000.

Madoff is serving 150 years in prison after pleading guilty in a multibillion-dollar fraud that burned thousands of investors.

Proceeds from the auction will be divided among his victims.


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