U.S. Marshalls Service on November 13th held an auction at the Sheraton New York Hotel & Towers, where Ruth Madoff’s 10.5 carat diamond ring brought in the big bucks. This was actually an auction of the belongings of Ponzi schemer Bernie Maddof. Mrs. Maddof’s diamond ring was sold for 550,000, while her diamond earrings went for over 100,000. Apart from these two jewels, other items belonging to Ruth Maddof were also sold, and they brought in a total of $2million. Bernie Maddof’s Rolex “Moon Phase” also went under the hammer for $67,500. A Steinway & Sons grand piano also brought in $42,000. The couple’s king-sized bed went for $2,250. Who bought the bed? Tally Wiener, the lawyer who helped liquidate Fairfield Sentry, a fund, which fed money into Madoff’s accounts before going under. He said he will offer the bed to Mrs. Madoff. Bernie’s velvet slippers with his initials stitched in gold thread were sold for an amazing $6,000. Some man even bought his unused box
Piaget keeps getting better and better with its watch-making finesse. And now they have come up with the thinnest manually wound movement with a tourbillon escapement, and if you are an ardent watch collector, you would know how difficult this is to achieve. This Caliber 600P movement has comes with a 3.5mm thickness, which features skeletonized bridges and a flying tourbillon. Their first attempt is set in 18 carat rose gold and diamonds encrusted into the mailplate, and looks are set to enter the Piaget Emperador kind of rectangular watch cases. Hoping to see a watch with this technology soon though. Popout [Luxist]
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