Madoff auction welcomes bids on wristwatches like: Rolex, Ulysse Nardin, Blancpain, Piaget, Patek Philippe, Audemars Piguet, IWC and Jaeger LeCoultre.

(Bernard Lawrence "Bernie" Madoff)

Bernard Lawrence "Bernie" Madoff was born on April 29, 1938. He is the former Chairman of the NASDAQ stock exchange and the admitted operator of the Ponzi scheme that might be "the largest investment fraud in Wall Street history".
In March 2009, Madoff pleaded guilty to 11 felonies and admitted to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of billions of dollars. Madoff said he began the Ponzi scheme in the early 1990s. However, federal investigators believe the fraud began as early as the 1980s. The amount missing from client accounts, including fabricated gains, was almost $65 billion. The court appointed trustee estimated actual losses to investors of $18 billion. On June 29, 2009, he was sentenced to 150 years in prison, the maximum allowed.
Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest on December 11, 2008. The firm was one of the top market maker businesses on Wall Street, which bypassed "specialist" firms by directly executing orders over the counter from retail brokers.
On December 10, 2008, Madoff's sons told authorities that their father had just confessed to them that the asset management arm of his firm was a massive Ponzi scheme, and quoting him as saying it was "one big lie". The following day, FBI agents arrested Madoff and charged him with one count of securities fraud. The U.S. Securities and Exchange Commission (SEC) had previously conducted several investigations into Madoff's business practices since 1992, which critics contend were incompetently handled.

Madoff lots are 196-299 & 301-386.
U.S.Marshals Service
National Forfeited Jewelry Auction
Saturday, November 14, 2009 at 10 AM



During the auction conducted live on Saturday, November 14th at the New York Sheraton Hotel & Towers and online simulcast utilizing www.proxibid.com., many of Madoff’s belongings were auctioned. And so, his wristwatch collection. Between the wristwatch brands he was a fun, like Rolex, there were many Cartier, Ulysse Nardin, Blancpain, IWC, Hublot, Jaeger-LeCoultre, Audemars Piguet, Patek Philippe, Piaget and Bulgari’s expensive watches.

Some of them, the most expensive Rolex and some from other wristwatch brands:



234
ROLEX: Gents 18kr vintage Rolex chronograph wristwatch; silver/white dial w/ black sticks & Arabics; 36.10mm round case; Black stitched crocodile strap (tang); Serial 66658 (1936); professionally restored.
$23000 - $26500


235
ROLEX: Gents 18ky vintage Rolex Oyster chronograph wristwatch; Monochrome motif; gold dial w/ luminous sticks & Arabics, 3 gold sub-dials; 35.1mm round case; Brown stitched Alligator strap (tang); 17 jewel Rolex Genève mechanical winding mvmt; Case 4048; Serial 58105 (1935). Note: Professionally restored.
$54000 - $58000


236
ROLEX: Gents st.steel & 18kr & 18ky vintage Rolex Oyster chronograph wristwatch; rose gold bezel, yellow gold crown; white dial w/ black sticks & Arabics; 34.6mm round case; Brown stitched Alligator strap (tang); 17 jewel Rolex Genève mechanical winding mvmt; Case 3668; Serial 146583 (1940). Note: Professionally restored.
$60000 - $63500


237
ROLEX: Gents 18ky vintage Rolex O.P. "Monoblocco" chronograph wristwatch; aka "Prisoner Watch"; domed plastic crystal; black dial w/ rose tri-sticks & Arabic numerals; gold hands; polished bezel; 35mm round case; dk brown alligator strap (tang); Model 3525; 17 jewel Rolex mechanical winding mvmt; Serial 380223 (1945).
$75000 - $87500


248A
WATCH: Gents st.steel Ulysse Nardin San Marco GMT wristwatch; black dial w/ luminous Arabic numerals; syn saph crystal; date at 3 position; dual-time at 11 position; 37mm round case; Black stitched leather band w/ tang buckle; Automatic mvmt; Model 203-22; Serial No 978.
$1500 - $2000


250
WATCH: Gents st.steel Blancpain Leman chronograph flyback wristwatch; white dial w/ white sub-dials (3); syn saph crystal; date at 6 position; 38.2mm round case; brown alligator strap w/ deployant buckle; Automatic mvmt; Model 2185-1127-53B; Serial No 294.
$4000 - $5200


251
WATCH: Gents 14kw Piaget Gouverneur Automatique chronograph wristwatch; light blue dial w/ matching sub-dials (3), Arabics; syn saph crystal; date at 6 position; 34.2mm round case; black alligator strap w/ 18kw Piaget tang buckle; Automatic mvmt; Model 12978; Serial 810797.
$4500 - $5800


253
WATCH: Gents 18kw Patek Philippe Annular Calendar wristwatch; black dial w/ silver Roman numerals; date at 6 position; 3 black sub-dials; syn saph crystal front & back; 36.95mm round case; black alligator band w/ 18kw deployant buckle; Model 5035G; 35 jewel Patek Philippe automatic mvmt, Cal. 315/198, Serial 3059777.
$12500 - $15600


254
WATCH: Gents 18ky Audemars Piguet Huitieme chronograph wristwatch; crème colored dial & sub-dials (3); date at 3 position; gold hands; 40.4mm round case; dkBrown alligator strap w/ 18ky AP double deployant clasp; Automatic mvmt; Serial C54966.
$6000 - $8000


258
WATCH: Gents st.steel IWC Portuguese chronograph wristwatch; silver dial w/ rose gold markers; 40.9mm round case; stitched brown alligator strap w/ tang buckle; Automatic mvmt; Model IW3714-01; Serial 2697455.
$3000 - $4000

264
WATCH: Gents 18kt rose gold Jaeger-LeCoultre Reverso Duo wristwatch; Night/Day dials; brown crocodile strap w/ 18kr deployant buckle; Mechanical, winding mvmt; Case 270.2.54; Serial 1961500.
$4000 - $5100



Metropolitan Ballroom
New York Sheraton Hotel & Towers
811 Seventh Avenue
New York City, NY 10019

The auction was conducted by:
´Gaston & Sheehan Auctioneers











[Source: CanadaEast]