The First Art Newspaper on the Net Established in 1996 United States Saturday, July 4, 2015


Sculpture Missing from Bernard Madoff's NY Beach Home
This is a view of the porch of the house of Bernard Madoff in Montauk, New York, seen Friday, August 28, 2009. Madoff, 71, is serving 150 years in prison for defrauding investors in a multibillion-dollar pyramid scheme. A court-appointed trustee is liquidating Madoff's assets. (AP Photo/Robert Mecea)
MONTAUK, NY (AP).- Security has been tightened at Bernard Madoff's former beach home after the theft of a sculpture off the front porch.

East Hampton Town Police Chief Todd Sarris says the 4-foot-tall sculpture, with an Aztec motif, is valued at around $300.

A caretaker reported the sculpture missing on Saturday. He said he'd last seen it two days earlier.

The oceanfront property is in Montauk (MAHN'-tawk), on the eastern end of Long Island. It's list for sale at $8.75 million.

Madoff was sentenced in June to 150 years in prison for orchestrating a massive, decades-long Ponzi scheme.

The punishment included a forfeiture order that stripped Madoff and his wife of nearly all their wealth, including homes.

It boasts ocean views, an infamous former owner — and now a buyer willing to pay more than $8.75 million.

An unidentified buyer or buyers snapped up Bernard Madoff's Long Island beach house within days after the U.S. Marshals Service put the seized property up for sale, a spokeswoman for the broker the Corcoran Group said Thursday.

Spokeswoman Anne Lacombe said the fallen money manager's Montauk retreat was under contract for more than its $8.75 million asking price. She didn't have the exact figure, any information on the intended buyer or the closing date.

The U.S. Marshals Service put the 3,000-square-foot house on the market Sept. 1 to help repay victims of Madoff's massive investment fraud. The agency didn't immediately return a phone call Thursday.

The listing attracted an onslaught of responses and numerous bids, Lacombe said. She said the highest bid was taken.

Madoff's notoriety "made it come to a lot of people's attention, but it's really all about the location of the views and the home," she said.

The four-bedroom house is set on a 1.2-acre lot amid the dunes in Montauk, a windswept beach community east of the Hamptons. The house is modest by Hamptons standards, but it boasts stunning views of the Atlantic Ocean and sits closer to the surf than zoning laws now allow.

"These kind of properties are very rare," Lacombe said.

Madoff, 71, was sentenced in June to 150 years in prison for orchestrating a Ponzi scheme that encompassed thousands of investors and billions of dollars.

His punishment included a forfeiture order that stripped him and his wife, Ruth, of nearly all their wealth. The order gave the marshals authority to seize and sell the Madoffs' homes.

Their five-bedroom waterfront mansion in Palm Beach, Fla., remains on the market for $8.5 million, Lacombe said.

Their Manhattan penthouse, listed at $9.9 million, has drawn several seriously interested potential buyers, said Anne Corey, the Sotheby's International Realty broker representing that property.








Today's News

September 18, 2009

Thomas Campbell Visits the Prado and States Possibility for Loan of Reattributed Painting

New Exhibition at the Zentrum Paul Klee Focuses on Klee's Biography

Tate Gallery Anounces Exhibition for 2010 Including First Major Gauguin Exhibition

Yale Center for British Art Announces Exhibition of Romantic Drawings

PINTA, the Annual Latin American Art Fair, will Present 50 Carefully Selected Galleries

Josh Faught Named 2009 Betty Bowen Award Winner

Major Contemporary Public Art Commission to go on Display as Part of Royal Academy Exhibition

Lady Dai Tomb Exhibition to Open at Santa Barbara Museum of Art

Sculpture Missing from Bernard Madoff's NY Beach Home

Exhibition of Limited Editions at the Irish Museum of Modern Art

V&A Museum of Childhood to Present and Exhibition From Paul Trevor's Eastender Archive

The Kalamazoo Institute of Arts Received Grant to Digitize Collection

Durham Bids to be UK City of Culture 2013: The North East's Best Kept Cultural Secret

Vauxhall 48-Hour Road Movie Challenge at Branchage Jersey International Film Festival

Director and Chief Curator of the Tel Aviv Museum of Art Presents Young Israel Artist Aram Gershuni

The Brunei Gallery to Show Contemporary Indigenous Tapestries by the Fancy Stitch Group

Arts Council England Announces Improved Grants for the Arts

SUNY Plattsburgh Finds, Donates Ancient Fossil to New York State Museum

Lucy Mitchell-Innes Appointed President of the Art Dealers Association of America

Construction Scaffold in Downtown Louisville will Become an Interactive Digital Installation

Most Popular Last Seven Days



1.- Exhibition presents French Impressionist's most important and provocative paintings

2.- Sotheby's auction achieves the second-highest total for any sale ever held in London

3.- High Museum of Art premieres major United States exhibition of Alex Katz landscapes

4.- China's Great Wall is disappearing due to adverse natural conditions and reckless human activities

5.- Van Gogh to Pollock: Exhibition at Milwaukee Art Museum presents art world rebels

6.- Confederate flag furor spreads to stained glass windows at Washington National Cathedral

7.- Christie's London Impressionist & Modern Art Evening Sale achieves $112,908,380

8.- First comprehensive show on the history, politics and culture of homosexuality_ies opens in Berlin

9.- Sotheby's to re-launch Irish Art sales in London; Sale includes important nude by William Orpen

10.- Centre Pompidou devotes a major exhibition to Palestinian artist Mona Hatoum's work



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez
Social Network Manager and Translator: Norma Cristina Pérez Ayala Cano
Special Contributor: Liz Gangemi - Marketing: Carla Gutiérrez
Contributing Editor: Carolina Farias - Special Advisor: Carlos Amador

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site