Monday, September 21, 2009

A Lot of Bull

If you’re in the market for a new boat and you’d like to own a piece of financial-meltdown history, you have just eight weeks to get to Florida for the auction of the year.

On November 17, 2009, National Liquidators of Fort Lauderdale will be auctioning off three boats that were seized from Bernard Madoff, the 71 year old financier serving a 150 year jail sentence for ripping off a lot of people.

madoff yacht bullMadoff's largest yacht for auction is a 55 ft Rybovich named "Bull" (pictured). Built in 1969 and recently renovated, it is said to be worth over $2 Million. Additional boats on the block: Madoff’s 23 ft center-console boat named "Little Bull" as well as a 38 footer named "Sitting Bull," a Shelter Island Runabout Sport.

Not on the block at this time: Madoff’s $7 Million, 88-foot yacht, also named “Bull”, which was seized near Nice by French authorities in April according to the London Times.

Shopping around? You'll find plenty of boats for auction online at FirstBoat.