Madoff Victim Puts A Picasso On The Block

“A collector who lost money in Bernard Madoff’s $65 billion Ponzi scheme is quietly selling a major Picasso painting on Wednesday at Christie’s International in New York. Jerome Fisher, co-founder of the footwear company Nine West Group, has anonymously placed a yolk-yellow, nearly 5-foot-tall 1968 Picasso titled ‘Mousquetaire a la pipe’ on the block, estimated to sell for $12 million to $18 million.” And, yes, he got a guarantee.