Madoff yacht to be auctioned next week

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The United States government will auction a luxury yacht, two vessels and a convertible seized from convicted Ponzi schemer Bernie Madoff next week. The auction, scheduled to take place Tuesday in Fort Lauderdale, will raise money to compensate Madoff's victims, the South Florida Sun-Sentinel reported.

In addition to Madoff's yacht The Bull, two other Madoff-owned vessels, Little Bull and Sitting Bull are up for sale along with a 1999 Mercedes Benz CLK 320 convertible.

The Bull is a 55-foot custom-built 1969 Rybovich sportfisherman that officials say has been meticulously restored. Little Bull is a 23-foot 2000 vessel built by the Maverick Boat Co. Sitting Bull is a 38-foot Shelter Island runabout.

Personal property from the Madoff estate will be auctioned Saturday in New York.

Information on both auctions can be found at www.usmarshals.gov/madoff.

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