The Real Deal Miami

Madoff clearance sale starts

December 10, 2009 10:38AM

While Bernard Madoff’s Palm Beach home at 401 N. Lake Way awaits patiently for a buyer, even at its reduced $7.9 million price tag, the Ponzi schemer’s vehicles are being auctioned off. Three boats and a 1999 Mercedes-Benz, which had been parked in the home’s garage, were sold Nov. 17 in Fort Lauderdale. They fetched roughly $1.1 million. Dates for the planned future auctions of Madoff’s remaining assets have not yet been announced. [Palm Beach Daily News]