BERNIE MADOFF'S LAVISH (YET EERIE) PENTHOUSE | Secret Lives Of The Super Rich

these were all purchased based on lies and deceit if these walls could talk we could just imagine what was said here this luxury penthouse may look sunny and inviting today but just three years ago it's somewhat unusual and definitely dark history was actually scaring buyers away you don't have to be super-rich to recognize the name of its previous owner Wow the house that madoff built well at least the penthouse where he lived exactly isn't it I mean it's beautiful now I have to tell you when he lived here it really was just a little creepy creepy is right it's the former home of the infamous Bernie Madoff the man behind the 50 billion dollar Ponzi scheme that rocked the world of the super-rich back in 2008 this is where Bernard Madoff spent the last few days of his free life here in his office when birding went up the river the US marshal seized the place and put it on the auction block in 2010 we are in the master bedroom Bernard Madoff and Ruth Madoff master bedroom here in the penthouse but Madoff's mansion in the sky was more of a haunted house and some buyers weren't too sure they wanted to call Bernie's old stomping grounds home sweet home we hope that dark cloud has moved on but instead of seeing ghosts of Ponzi past one couple saw a great deal and they placed an eight million dollar bet on the 1927 pre-war four-bedroom co-op I don't know how Patsy had the eye to be honest with all the curtains in it everything in here kind of closed up don't look at me what is all this these are everyone's good wishes to the owners and the writing on the wall says it all good karma in bad karma out and now four years later dolly believes this homes past is more of a blessing than a curse this was Bernie Madoff's apartment and I have to tell you I think it's a positive selling point why is it positive because it is going to be always like a trophy property right because it was his apartment so is it is it less like a criminal and more like a celebrity in terms of there might even be a premium pieces he's sadly a celebrity the now divorced couple that literally brought Bernie's place back from the dark side was Patsy and Alfred Khan Mr Khan made his money on lucrative licensing deals involving some toys you've probably heard of Cabbage Patch Kids Pokemon and Teenage Mutant Ninja Turtles it was dark the colors were dark everything about it was dark it was almost a premonition I mean right it's just not right right and then you get here now and it's light and bright and modern looking it's not loud I don't think it even was loud then yeah and I don't think he did a lot of entertaining here not a lot of happy social dinners in this dining room no not a lot of happy even unsocial exactly this is a kitchen that the new owner uses has completely freshened up and changed the appeal of under-under made offs tutelage this kitchen was clearly a kitchen for cooks and housekeepers so this is kind of a urban grill it's got charcoal briquettes there well what does that for I guess that's where Bernie cooked the steaks are cooked his books made yeah exactly speaking of books so here's a library this still feels like again the place where one of the greatest financial frauds could be hatched in this room and this was his library yeah okay so he spent apparently most of his time here if these walls could talk we could just imagine what was said here [Music] now I'm gonna take you into the inner layer okay and her layer we're gonna go into the master bedroom the Chamber of Secrets for made of mm-hmm it's okay now it's been totally redone nice yeah it's beautiful she put the silver on the ceiling I mean she made it a beautiful room the wood-burning fireplace always wondered whether or not that was convenient throw all the papers in there uh there's a fireplace in every room yeah if you want the burnt papers for instance wherever you were you could do that not too many people have ever seen Bernie's black porcelain throne let alone have a chance to sit on it this is exactly how Bernie Madoff's bathroom was when he lives you designed it take a seat and it's all black so this is Bernie's toilet this is Bernie's toilet how does view the view from Bernie's toilet I'm just I'm kind of soaking it all in yeah it's regal and think about the personality of someone who would want everything black yeah yeah it was kind of interesting it really speaks to who he was Bernie's bathroom wow I never thought I would get to do this but here I am you want to wipe it this is amazing so the terrorist goes the entire length of the building this is quite a big building in the Madoff moment for New York was our version of the financial you know earthquake this is the epicenter this was the financial earthquake for a buyer that's that's kind of cool yeah exactly it's something to talk about yeah something different cuz clearly the buyer who can afford this can't afford anything so let's talk about price for a minute the current owners the cons they bought this in 2010 from the auction from the federal government for around 8 million dollars what are you gonna sell it for well we're asking 17 to 50 and have already rejected offers well above 8 you know they really not only that they change the karmic they change the entire look of the apartment nobody can believe this is the same apartment but is it worth twice as much three years later you know we're gonna see some of the super-rich love super bling [Music] this shop here is 10 years old meet the king of bling jacob Aarav oh the founder and chairman of jacob and company there are people in this world who collects beautiful jewels like this he's also known as Jacob the jeweler but don't call him that to his face he hates the nickname the Jacob piece is supposed to make you smile what kind of clients come to the store well we have actors and actresses sports men and regular people yeah regular people like Madonna David Beckham and Beyonce some other fans if Jacobs jewels includes JZ ket P Diddy over the years Jacob and company has earned quite the reputation for outrageous watches most of these one-of-a-kind pieces will cost you six or seven figures I'm trying to imagine who would buy and wear a watch like this and I can only think of maybe Elton John you would wear this with jeans and a t-shirt on the weekend this is beautiful really I think so okay there's over three hundred and seventy five diamonds in the watch how much we talking about 1.6 million size matters to the super-rich bigger is always better when you're talking about diamonds and watches the center stone is a 90 carat vivid rhomboid shaped diamond this next watch it's not the biggest of the bunch but what it lacks in size it makes up in sex appeal this we call the Caligula Caligula Caligula and I'm afraid anything named after the sex crazed and violent Roman Emperor Caligula a little bit scary erotica has been a very important part of watchmaking history from first started with pocket watches really are you thinking what I'm thinking Pocket porn secret lives of the super-rich is about to get x-rated or super sexy a few years ago 26 erotic watches hit the auction block in Switzerland the sex-filled timepieces fetched over 750 grand with one Chinese collector taking home 10 this stuff is so graphic we had to blur most of it out and this is cable this watch from 1880s shows some guy who looks like Casper the really Friendly Ghost and a couple having an intimate party with their pooch today's blinged-out erotic watches like Caligula could be worth millions but the raunchy images inside priceless when it gets fun as you pull out the crown and then at the same time you move this style and this plate spins [Applause] Wow Wow that is quite a watch we've produced this watch in rose gold and white gold only 69 pieces each seriously 69 erotic watches how they come up with that number and who's gonna buy a watch like this we already have a number of commissions we have people coming to want their wives and want their girlfriends the regular rose gold and yellow gold are 69,000 retail this one is one-of-a-kind because it's the pave triangle diamonds throughout the whole dial in case and this is one point six million one point six million yes but if I wanted a regular Caligula watch with my wife or girlfriend inside I could get that for under seventy thousand dollars you can and when you're spending a small fortune on an erotic watch you might as well go all the way we're the only brand they know of that's doing that I - you are but that's really part of an important part of the tradition of watchmakers yeah interesting I had no idea [Music] the event in the collectible car world is in Pebble Beach California it's called concours d'elegance and it's like the Woodstock for super-rich car collectors you've got it Ward's you've got cocktail parties and of course big money auction seven hundred twenty thousand seven twenty seven of thirty now though those your casa there are more than a thousand cars on the block this time in more than one hundred cars are expected to fetch over a million dollars but for today's super rich collectors 10 million is the new million this is a 1967 it's 46 years there's only room for one car at the top of the food chain and Ferrari is pink Maserati Lamborghini Aston Martin all right in the shadow of that iconic prancing horse Wow David Gooding is CEO and founder of Gooding and company the leading auction house for collectible cars I took a ride with David to find out why Ferraris have such a unique cachet among the super-rich right now the market for vintage Ferraris is red-hot and the rarer the Ferrari the better how many of these are left David tracks down some of the rarest most expensive cars on the planet and brings them to auction david has a knack for finding the rarest highest quality cars in the world on the block this time around our ride a 1967 365 California spider that could fetch more than two million dollars by the way we're cruising on 17 mile drive along the Monterey Peninsula in California this gated Pebble Beach community is so private non-residents have to pay a toll just to use the road the ocean there's been a boom in collectibles the wealthy are looking for tangible investments that are increasing in value over the past two years prices for collectible cars have jumped 40% and Ferrari prices they're up 50% and sometimes even more this car ten years ago $600,000 and going up and down anything for this world have quadrupled in value better than this much fun [Music] you you

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Keywords: CNBC Prime, Money, cnbc, tv, television, cnbc tv, finance, cnbc money, cnbc finance, cnbc channel, cnbc television, business, cnbc business, Secret Lives of the Super Rich, Secret Lives Super Rich, Wealthy People, SLSR, Living Rich, Robert Frank, wealth, rich, wealthy, rich people, mansion, mansion tour, million dollar mansion, house, home, mansion house, real estate market, cnbc prime homes, the super rich, cnbc super rich, penthouse, New York, tour, Bernie Madoff, New York penthouse

Id: SQkgHfbGynw

Length: 14min 7sec (847 seconds)

Published: Mon Jul 06 2020