Auction benefits Madoff victims

Bernie Madoff went from from slick con man to 71-year old inmate. Central Florida was not spared from his ponzi scheme with some residents feeling the sting of his $65 billion con.

On Monday, it was time to start healing some of that pain with a big auction in Winter Park. Some of victims were hoping for generous bids to get back at Bernie and get their lives back on track.

Lithographs signed by giants like Pablo Picasso and Salvador Dali and even a couple of original sketches by Marc Chagall were offered.

The auction was billed as befitting victims of Madoff's ponzi scheme. In reality, auctioneer Avi Asher says only about 10 to 15 percent of the stuff ever belonged to anyone connected to Madoff's crimes.

Some victim's support groups that help Madoff's victims are not happy about these auctions that use his name to drum up business.

Ilene Kent from the Network for Investor Action and Protection (NIAP) says "The auctioneer's allegation that this will help investors is ludicrous and shameful, and points to a marketing ploy at best and a disgusting attempt to play on the morbid curiosity of potential buyers at worst."

Kent also says many people, who were bilked by Madoff, did not have the money to own precious pieces of art like the ones sold at this auction.