Madoff's Underwear Fetches $200 at Florida Auction

Items belonging to Wall Street swindler Bernard Madoff, which included mostly household goods, were sold during the weekend at a U.S. Marshals Service auction.

Underpants belonging to Wall Street swindler Bernard Madoff were among items sold during the weekend at an auction held under the auspices of the U.S. Marshals Service.

The Miami Herald said the 14 pairs of boxer shorts, confiscated along with other personal items from Madoff's former mansion in nearby Palm Beach, fetched a total of 200 dollars.

The items sold were mostly household goods but a Madoff shoe collection, antique golf clubs and some artwork also were included.

A work titled "Nude" by Depression-era photographer Edward Weston, a picture of a stark naked rear end, sold for 4,600 dollars, the newspaper said.

It said about 6,000 online bidders participated in the auction and the more than 400,000 in proceeds will go toward compensating victims of Madoff's 65 billion dollar Ponzi scheme, for which he is now serving a 150-year prison sentence.

Bernard Madoff
Bloomberg News