Madoff’s luxury fleet is on the block

Published 12:01 am Tuesday, November 17, 2009

A vintage 55-foot yacht named “Bull” and two smaller boats that once belonged to imprisoned financier Bernard Madoff are headed for the auction block, along with an even bigger yacht once owned by Madoff’s right-hand man.

Madoff’s 1969 Rybovich sportfisher, a wooden boat meticulously restored, is the prize offering at today’s private auction. As of Monday, 29 people had put up a $100,000 deposit for the opportunity to bid and more were expected to register, according to the U.S. Marshals Service.

“People have heard of it. It’s a piece of history,” said Bob Toney, president and CEO of National Liquidators, which is handling the auction for the government.

Also for sale are Madoff’s 38-foot Shelter Island runabout, named “Sitting Bull,” and a 24-foot Maverick center console named “Little Bull.”

Associated Press