Bernard Madoff auction nets $1m

A New York Mets baseball jacket with 'Madoff' embroidered on the back was sold for $14,500, smashing its guide price of $500 Photograph: Public Domain

Now that Madoff has had to sell his beach house he won't be needing the items included in the lot comprising a fishing tackle box and a boogie board – which fetched $1,000 Photograph: Public Domain

Included in the auction described by one observer as 'a fancy suburban garage sale' was this set of Homer Laughlin ceramic white plates Photograph: Public Domain

Ruth Madoff 's valuables were on sale too, including lot 271: Lady's Bill Blass brown mink coat Photograph: Public Domain

Lot 296 was the perfect Christmas present for a lady golfer: Ruth Madoff's bag and set of clubs, plus gloves, 30 used balls and a South Fork Country Club member tag Photograph: Public Domain

Lot 339 - three polo shirts, one size L, two XL, bearing the name of Madoff’s yacht, Bull - was snapped up for $1,300 Photograph: Public Domain

Lot 350, a black-and-white nylon golf umbrella with the Bernard Madoff Investment Securities insignia - even the most humdrum items have contributed to compensating victims of the Ponzi scheme Photograph: Public Domain

A lifebelt from Madoff's yacht, Bull, was sold for $7,500 to Dave Goodboy, a hedge fund manager, who said: 'It's like having something off the Titanic' Photograph: Richard Drew/AP

A 1960 Hofstra College school ring Photograph: Peter Foley/EPA

A Rolex watch owned by Bernard Madoff Photograph: Shannon Stapleton/Reuters

The auctioneers at work Photograph: Peter Foley/EPA

Golf shoes Photograph: Mario Tama/Getty Images

Personalized stationary Photograph: Richard Drew/AP

Pre-Victorian diamond earrings and a platinum Edwardian-era diamond and emerald bracelet Photograph: Richard Drew/AP

The media photographs hundreds of items at a press preview of the auction Photograph: Peter Foley/EPA

Three monogrammed beige canvas duffle bags and a Macanudo cigar box Photograph: Richard Drew/AP