Victims of Bernie Madoff are more than $1 million closer to restitution after yesterday’s Ft. Lauderdale sale of his three boats. “Bull,” Madoff’s classic Rybovitch sport fisherman, garnered $700,000, his 38-footer, “Sitting Bull,” sold $320,000, while his smallest, a 23-footer named “Little Bull,” fetched $21,000. A larger yacht, a 61-foot Viking owned by his disgraced CFO Frank DiPascali was top seller at $950,000.
Madoff’s “Bull” Brings In $700,000
January 28, 2010
Reading Tea Leaves In Sotheby’s Stock
May 2, 2011Is Sotheby’s high stock price a harbinger of financial crisis? Vikram Mansharamani thinks so. The investor, author, and sometime lecturer at Yale says that soaring art market prices are “scarily accurate bubble predictors.” In his new book, “Boombustology,” he argues that over the last 20 years peaks in Sotheby’s stock price–$55.7 in April, now $49.96– have correlated three times with market bubbles. The fourth, he believes, is happening right now.
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Almost $400,000 For A Fish
January 5, 2011It may sound like a whopper, but it’s actually true: A 754-pound bluefin tuna has sold at a Tokyo fish auction for $396,000. The sale at the Tsukji auction eclipsed the former record of $245,118 paid in 2001 for a 444-pound tuna. A Chinese-Hong Kong partnership bought the fish for its restaurants, where it will be used for high-grade sushi.
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Rising Value of Unrestored Cars
By Malcolm Welford, Vintage Car Specialist
