Raymond Lee Jewelers:

Rothstein Auction A Go-Go

Video Capturing the Rothstein Auction Festivities: http://youtu.be/mi8VF6EfbzA

Lee Josephson, Raymond Lee Jewelers VP, Offers a Philosophical Perspective on the Rothstein Auction during an interview with WPTV News, Channel 7:

http://bit.ly/LeeJosephsonWPTV

 Reporter Paul Brinkmann has been continuously publishing updates, following today’s

Scott Rothstein auction action. Once again, South Florida Business Report features Raymond Lee Jewelers. 

Right on, Mr. Brinkmann!

   “Lee Josephson of Raymond Lee Jewelers in Boca Raton bids on a Patek Philippe yellow gold watch, but dropped out after a while.”

- ‘Rothstein Mercedes fetches $73,500, Piaget watch $77,500′
 South FL Business Journal Report by Paul Brinkmann

«to full article

Ultimately, the auction was a great experience and lots of excitement surrounding the event certainly stirred things up as lines began to form of South Florida jewelry professionals, collectors and victims of Scott Rothstein’s massive ponzi scheme looking for vengeance, in any form.

A variety of interpretations surrounding the auction have published since this morning. Certain sources are elaborating on the fact that so many pieces were paid above retail value for. Other views within the local press maintained a collectors perspective, pointing out that some items can become collectibles because of the stories tied to them… This, I tend to agree with, even if the story is not all that pretty.

• This is a Picture Perfect Piaget Memoir which Raymond Lee Jewelers took home from the Rothstein Auction, Modeled by the Erin Josephson, the woman behind Raymond Lee Jewelers ‘Sell Your Handbag’.

• For more information about selling your designer handbag, shoes and more, visit the following link:

http://raymondleejewelersblog.com/2011/07/01/feature-friday-a-chanel-surprise-coming-your-way/)

Rothstein Auction Acquired Piaget Watch

Although Josephson won less bids than he hoped, he says there’s a serious lesson here.

“It shows how ridiculous someone is when money is no object. I’m blown away by how many watches Rothstein owned, he has more than most stores have in stock. I hope the people who got burned are reimbursed,” says Josephson

WPTV Channel 5  reported on the days events at the

Rothstein ‘ponzi auction’,

as well as the

WSVN Channel 7 Miami/Fort Lauderdale News.

—————————————————————————————————————————– 

Enjoy Some Highlights From Today’s Leading Press Outlets...

Some of the crowd knew Rothstein all too well. Roger Wittenberns of Fort Lauderdale was one of Rothstein’s investor victims. He said he attended the auction Wednesday partly to see if federal authorities would be successful in recovering money for victims.

A half hour into the auction, a bidder plunked $42,000 on a stainless steel Rolex Daytona Cosmograph watch, but that was then eclipsed by a $47,500 bid on a white gold Franck Muller watch.

And…

Lee Josephson, Vice President of Raymond Lee Jewelers, said he was surprised that some items were going for far over estimated retail prices, such as a Panerai watch that went for almost $12,000 over retail. But he snagged a Piaget watch for $17,000 that he said had a retail price of nearly $45,000. -Paul Brinkmann

Ponzi schemer Scott Rothstein may be serving time, but his white gold Piaget watch sold for $77,500 on Wednesday.

Think that’s a lot? Around 1 p.m., a new auction high was set on a limited edition Concord watch for $100,000. There was also a white gold Franck Muller watch that fetched $47,500 and a Patek Phillippe watch that went for $61,000.

Crowds Gathered Early at the Scott Rothstein Auction

Related articles

• Ponzi Schemer’s Valued Watch Collection Set For Immediate Auction (businessinsider.com)
• Another load of Rothstein’s bling heads to auction (thediamondringreview.com)
• Scott Rothstein’s Manhattan Lair (blogs.wsj.com)
• Ponzi schemer’s bling goes on the block (seattletimes.nwsource.com)
• Show Me the Money: Shop at Gov’t Auctions! (abcnews.go.com)