Last November, Leatherbiz.com reported the auctioning of a collection of luxury handbags belonging to the wife of Bernard Madoff in New York. This year, another auction on 13 November, also in New York, saw the sale of more of Madoff’s possessions which accumulated to a total of $2 million. Among the lots was a leather foot stool depicting a bull – including a tail that had broken off – which went for $3,300, almost ten times its presale high estimate of $360.

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