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Those Madoff Socks Reportedly Retailed For $60 A Pair

At this weekend's Madoff auction, one lucky Long Island man, Steve Chow, walked away with a lot of socks and boxers for $1,700. At first we thought he was crazy, but what we didn't realize that he was making a killing. Chow told the Post, "They retail for $60 a pair [the Charvet socks], and I got about 100 pairs now!" Can someone please explain how a pair of socks gets to be $60?

As well as the socks, the lot contained a pair of black silk Armani pants, Prada pantyhose socks, and some new boxer shorts. Chow said, "The boxers, I might have to give it away as a gift. I may not be able to wear all the socks. I'll give them away as a gift." Charity aside, some people said that even clothing worn by the legendary Bernie Madoff shouldn't be that expensive. James Flaig, who dropped the $500 required to register for the auction and didn't bid, told Bloomberg News, "The word that comes to mind is silly. If Jesus Christ had owned it, I still wouldn’t pay these prices."

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Comments [rss]

  • grandzu

    What about the LL Bean tote bags, which retail for $25, and a lot of 4 sold for $2000?

  • Cannibal

    Thats just a moron bidding.

  • MT

    Cashmere socks from Barney's can easily be $60/pair. That's why us normal folk stock up at the warehouse sale.

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