Silicon Prairie News

More Madoff assets up for auction, Proxibid selected for online auction

Omaha November 3, 2010 by Danny Schreiber Only 15 days until Big Omaha. Get your tickets before they sell out!

Looking to pick up a pair of black velveteen slippers, size 8.5, with red quilted lining? (Left, photo courtesy of Proxibid.) The only catch, or possibly a positive for the buyer, they're embroidered "BLM" for Bernard Lawrence Madoff, the former stock broker and investment adviser who is now incarcerated after admitting to a Ponzi scheme.

Next Saturday, November 13, 489 lots of assets belonging to Bernard and Ruth Madoff will cross the auction block online on Proxibid, the Omaha-based company which runs the world's largest real auction marketplace. While the live auction will be taking place at the Sheraton New York Hotel & Towers, live online bidding will begin on Proxibid.com at the same time.

As a whole, the November 13th auction is the U.S. Marshals Service National Jewelry Auction. Proxibid was selected by Gaston & Sheehan Auctioneers Inc. to serve as the exclusive provider of the online bidding.

According to a press release, a previous auction of assets belonging to Bernie and Ruth Madoff facilitated by Proxibid had these impressive stats:

  • 47% sold to online bidders
  • 69% of all bids came from the internet
  • Online winning bids from Madoff’s assets totaled more than $324,000
  • The sale of the coveted Madoff Mets jacket sold to an online bidder for $14,500

If you are serious about those slippers, you'll need to register to bid or pre-bid on Proxibid.com. When doing so, interested bidders must submit a $1,000 deposit by Thursday, November 11. Visit proxibid.com/gaston to learn more.

To see how Proxbid conducts its online auctions, see our post: How it’s done: Proxibid in action.

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