We guess there is a sucker born every minute. The brokers handling the sale of Ponzi schemer Bernard Madoff's Montauk beach house say they've sold the property for over its $8.75 million asking price. The house is right on the beach (on 1.2 acres) with 4 bedrooms and 3 bathrooms, but it's not an over-the-top marble palace either. One commercial broker had told the Times a few weeks ago, "They're not going to get 7, not in this environment. If they get 5.5, they should take the money and run." more ›

Last week, the U.S. Marshals Service put Ponzi king Bernard Madoff's beachfront Montauk property up for sale at a cool $8.75 million. And apparently, seeing the four-bedroom, three bath home has been the thing to do this weekend—at least that's what the NY Times Styles section says. There was a Russian-accented man overheard saying, "Put us in for $7 million," only for his wife to say, "I don’t know what he’s doing. We live in a house twice this size with a nice view. We’re going to come here with kids, two dogs, everything else?" (The broker told the Times the man, an old client, was just joking.) Among the onlookers were Beastie Boy Ad Rock's sister who mentioned that Ruth Madoff's shoes were for sale and soap opera actor Vincent Irrizary who thought, "I’d like to buy [Madoff's] shoes, glue them to a canvas, say something artistically about the man who walked in those shoes." A commercial real estate broker opined, "They're not going to get 7, not in this environment. If they get 5.5, they should take the money and run." The broker's commission is being donated back to the fund for Madoff's victims. more ›

The Associated Press got a tour of Bernard Madoff's Montauk beach home and breaks the news: "Those who see Bernard Madoff as an evil purveyor of excess might be disappointed by his beach house: It's not that palatial." However, the U.S. Marshals Service says the house will be listed for $8.75 million, over $5 million more than what Madoff said the house was worth. more ›

Yesterday was an appropriately blistering day for this year's eighth annual Village Voice Siren Music Festival at Coney Island, which, with the right frame of mind, can be a total blast. Yesterday had everything we've come to expect from the annual indie rock extravaganza: massive crowds of dehydrating hipsters, fresh clams on the mobbed boardwalk, and a bulging, unmanageable lineup of 14 bands on two stages. more ›

We can't possibly choose only one music event for the weekend, so check out OhMyRockness for the jam packed weekend listings. We will say, however, that one of the openers for Snowden at Maxwell's tonight...is We Are Scientists, trying out some new tunes. Though closer to home are The Clientele and Beach House at Bowery Ballroom. Listen: Apple Orchard.mp3 - Beach House more ›

Swedish rockers Peter Bjorn & John have won over the world with their brand of catchy indie pop. Last time they were in town their album wasn't even released yet and they sold out three shows. This time they've got two consecutive shows at Webster Hall (May 1st and 2nd)...and hopefully you got your tickets, as they are both (suprise, surprise) sold out already. This week Peter took some time to answer some questions for us... more ›

Try to Burn This One, by Melon Bee. more ›