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Bernie Madoff Belongings Auctioned -- Would You Wear His Underpants?

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Jun. 5 2011, Published 2:31 p.m. ET

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by Radar Staff

The U.S. Marshals Service staged an auction in Miami Saturday, selling off thousands of Bernie Madoff's personal belongings. Even the confessed swindler's underwear was up for grabs!

Yes, someone successfully bid $200 for 14 pairs of Bernie's boxers.

Proceeds from the auction will go towards restitution to the thousands of victims -- Kevin Bacon and Kyra Sedgwich are among them -- of Madoff's $65 billion Ponzi scheme.

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With Madoff in a federal prison, hundreds gathered at the Miami Beach Convention Center for the auction.  There was fierce bidding for a pair of leather chairs that went for $5,000, and a tin sculpture of a bull that also went for $5,000.  A collection of hardback books fetched $1,500.

In all, the auction took in about $400,000

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