A vintage Aston Martin automobile previously owned by Peter Madoff, brother of Bernard L. Madoff, will be sold at auction to help pay the jailed con man’s former investors.
Irving Picard, the trustee liquidating Bernard Madoff’s firm in New York, today won permission from U.S. Bankruptcy Judge Burton Lifland to sell the car, a law clerk for the judge said. Bernard Madoff’s U.K. firm bought the 1958 Aston Martin MK III Drophead Coupe for Peter Madoff in 2008 for $267,000 and wasn’t reimbursed for the expense, Picard said in a court filing.
