Bernie and Ruth Madoff’s newly discovered antique jewelry up for sale in auction for Ponzi scheme victims’ restitution 

BY IFEANYI

Kathy Willens/AP

Disgraced financier Bernard Madoff leaves U.S. District Court in Manhattan after a 2009 bail hearing.

Bernie Madoff’s Ponzi scheme got clipped so now you can buy his money clip.
Six dazzling pieces of jewelry that once belonged to convicted Wall Street snake Bernie Madoff and his estranged wife Ruth went up for auction Tuesday, the U.S. Marshals Service announced.
Total prices for the jewels start at over $90,000.
Net proceeds from the sale of the jewels discovered in 2014 will be made available to the U.S. District Court for the Southern District to help pay back the victims of Madoff’s $64 billion scam, the Marshals said.
The court ordered the two Swiss watches, antique necklace and brooch, diamond tennis bracelet and gold money clip sold last month. Earlier buyers have already purchased hundreds of other items and properties once owned by Madoff.

Courtesy U.S. Marshalls

Auctioners said this Sabbadini Milano tennis bracelet has 654 round diamonds.

The two 18-karat gold Patek Philippe watches date to the 1940s and command a starting bid of at least $21,250 each. The Sabbadini Milano tennis bracelet, which has the same starting bid, sparkles with 654 round diamonds.
The platinum and gold necklace from early 20th-century Russia also includes a square cut emerald pendant and 15 diamonds. Bidders will need to pony up at least $15,300 for the necklace set.

Courtesy U.S. Marshalls Enlarge

Courtesy U.S. Marshalls Enlarge

The two Patek Philippe watches cost at least $21,250 each. The Swiss watches date to the 1940s.

And the gold, diamond and silver Lierre de Paris ivy leaf brooch from the late 19th century asks a starting price of $11,050.
Yet the only item that had received a bid Tuesday evening was the Tiffany & Co. money clip, which attracted a starting bid of $380.

Courtesy U.S. Marshalls Enlarge

Courtesy U.S. Marshalls Enlarge

This Russian antique necklace from the early 20th century has emeralds, diamonds, gold and platinum. The Lierre de Paris ivy leaf brooch dates to the late 19th century.