Ponzi watch collector watches his collection disappear

Infamous South Florida ponzi schemer Scott Rothstein apparently had exquisite taste in jewelry. He currently resides in the federal penitentiary system, but many of his beloved fine watches have found themselves new homes as of this past Wednesday. 

His white gold Audemars Piaget sold for $77,500, and later in the afternoon a new auction high was set on his limited edition Concord – garnering $100,000 in revenue to be used towards the reimbursement of those he swindled. 

There were some outstanding examples of horological craftsmanship on display at the auction including pieces by Franck Muller, Patek Phillipe, and Roger Dubuis. Word has it that a few of inmate Rothstein's prized timepieces will find their way to the Gray and Sons Bal Harbour showroom very soon.