Circa Spends $50,000 in Jewelry Auction Designed to Benefit Madoff Victims
Circa, a company which buys jewelry from the public for re-sale, spent $50,000 in a U.S. Marshals-held jewelry auction designed to benefit Madoff's investor victims. Chris Del Gatto, co-founder, chairman and CEO of Circa, says they felt obliged to participate in the auction to "help Bernie Madoff's many victims reclaim a small part of what they lost in the largest Ponzi scheme in history."
Circa purchased an Art Deco diamond and emerald bracelet (pictured above) for twice the piece's appraised value of $25,000. The piece, made in 1925, has six emeralds surrounded by approximately 25 carats of diamonds.
Posted on November 23, 2009
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