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Madoff’s Wine Collection To Be Sold

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573 - MadoffDisgraced financier Bernard Madoff’s majestic liquor collection is going to be auctioned online, it has been revealed.

The US Marshals in the Southern District of New York announced that Mr Madoff’s wine and spirit collection will be sold off to the highest bidder.

Enthusiasts looking to secure their favourite luxury brands from the wine pages for a knockdown price can also buy safe in the knowledge that the proceeds of the sales will go towards his victims.

Elin McCoy, who writes about wines and spirits for Bloomberg News, revealed that the collection included “some good Bordeaux”, but she added: “I am surprised that this is all there was. The guy was a gazillionaire.”

A 12-bottle case of 1996 Bordeaux, Chateau Mouton-Rothschild, which had a pre-sale estimate of 3,200 dollars to 3,800 dollars, is expected to attract the most attention from wines retail experts. Online bids for the lot have already surpassed expectations with the latest bid reaching 5,500 dollars.

Ms McCoy picked out the six bottles of vintage 1997 Antinori Tignanello, estimated to fetch between 850 dollars to 1,200 dollars and two bottles of 2000 Bruno Giacosa Barolo, which are expected to sell for around 140 dollars to 200 dollars.

She said: “He actually picked out a couple of interesting Italian wines, though not many.”

Meanwhile people looking to get their hands of some of the majestic liquor will be looking at paying between 240 and 350 dollars for a case of non-vintage Veuve Clicquot Champagne, yellow-label brut.

But bidders have been warned that although many of the lots might look like bargains, nothing is known about the storage conditions.

Ms McCoy added: “If the bottles are no good, that’s not a bargain.”

Madoff is serving a 150-year prison sentence for masterminding a multibillion-dollar Ponzi scheme that robbed hundreds of victims around the world of their investments.


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