Madoff Auction (Nov 26) Foreshadows State Ponzi Auctions

Nearly two years after his December 11, 2008 arrest, the much anticipated Bernie Madoff auction will take place in Coconut Grove, Florida:

"Bernie Madoff personal property purchased at Madoff auctions together with merchandise bought directly from victims of the ponzi scheme, General Order merchandise which constitutes the mayority [sic] and [sic] seized assets obtained from various government auctions."

To be auctioned are paintings by Salvador Dali, Henri Matisse, Pablo Picasso, Marc Chagall, H.C. Pissarro, Peter Max, Itzak Tarkay and Joan Miro. Other classes of items include jewelry, rugs, bronzes "and more".

This is what a Ponzi master (and a few of his victims) were able to accumulate in just a few short decades. One wonders what the flyer will look like when the history's largest and longest running Ponzi implodes. Yellow Stone National Park, anyone?

For information, call (800) 431-7948.