Inside Remarketing

While used cars have been fetching premiums at auction the past few months, an eight-year-old station wagon going on sale tomorrow might yield more than its book value for another reason. Its former owner: convicted conman Bernard Madoff.

Madoff’s 2001 Mercedes E320 black station wagon will be auctioned off tomorrow in East Brunswick, N.J. It has 41,000 on it, and a suggested value of $14,000 in excellent condition, according to Kelley Blue Book.

Madoff is serving a 150-year prison sentence for bilking thousands of investors out of billions of dollars.

Tags: auction, madoff, mercedes

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Marcie Belles Comment by Marcie Belles on November 5, 2009 at 12:28pm
A New Jersey neurosurgeon named Gregory Przybylski bought the station wagon, which he called "a part of history," for $14,250.





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