Nov. 17 (Bloomberg) — Three powerboats owned by Bernard L. Madoff and named with various forms of “bull” fetched $1,041,000 today at an auction in Fort Lauderdale. The proceeds will benefit victims of Madoff’s $65 billion Ponzi scheme.

“Bull,” a 55-foot 1969 Rybovich Sportfish, sold for $700,000. “Sitting Bull,” a 38-foot 2003 Shelter Island Runabout Sport, sold for $320,000. “Little Bull,” a 24-foot 2000 center-console powerboat from Maverick Boat Co., brought in $21,000. In addition, a 1999 Mercedes Benz CLK 320 convertible owned by Ruth Madoff sold for $30,000. The car has 12,827 miles on it.

By the time the auction got underway, 70 bidders had registered with National Liquidators, a Florida-based vessel- recovery company offering Madoff’s boats and the Mercedes Benz for the U.S. Marshals Service. The sale began at 4 p.m. New York time and took less than an hour, according to the service.

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