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Madoff yacht auction brings in $1 million

At a private auction held Tuesday in Fort Lauderdale, the fleet once owned by disgraced money manager Bernard L. Madoff fetched more than $1 million for the victims of Madoff's Ponzi scheme.

At the auction, Bull, a 55-foot 1969 Rybovich Sportfish, sold for $700,000. Sitting Bull, a 38-foot 2003 Shelter Island Runabout Sport, went for $320,000. Little Bull, a 24-foot 2000 center console from Maverick Boat Co., brought in $21,000.

Click here for a report by Bloomberg.