NEW YORK (TheStreet) -- A lot of people in this country want to get a piece of Bernie Madoff.

Now, they can. And you can, too, if you hustle over to the Madoff auction at the Sheraton Hotel, on Seventh Ave. in Midtown Manhattan, where on Saturday the federal government is auctioning off nearly 200 pieces of conspicuous Madoff consumption, seized from the admitted swindler and his wife, Ruth, by U.S. Marshals.

Photo Gallery: Madoff's Auction

When Madoff plead guilty and received his 150-year sentence, the punishment included the forfeiture of nearly all his and his family's wealth.

The government will use the proceeds from the Madoff auction to make a miniscule dent in the tens of billions that Madoff's Ponzi scheme cost its many victims. Auctioneers are hoping to raise at least $500,000.

Among the items on the Madoff auction docket: an enormous collection of Swiss-made wrist candy, including 17 Rolexes, seven Cartiers, a rare Oyster chronograph that could bring in $63,500, and a slew of other watches from Patek Phillipe, Frank Muller and Audemars Piguet.

There will also be golf clubs by Callaway ( ELY - Get Report) and silverware by Christofle.

Cufflinks by Tiffany ( TIF - Get Report) (one a bull, the other a bear) and chairs by Chippendale.

It will be like some kind of museum to Veblen. It will be like Gatsby's garage sale.

Fishing rods by G. Loomis. Fur coats by J. Mendel.

A convertible by Mercedes ( DAI) and handbags by Hermes.

There are, oddly, many ashtrays. (We didn't know that Madoff smoked.)

Other items up for sale in the Madoff auction are a little sad: a Tiffany wedding band, for instance, and Madoff's university class ring (Hofstra, 1960.)

Others were a little creepy, just for the hindsight hubris of it: the now-famous satin baseball jacket, for instance, patterned on the New York Mets, except that instead of Mets across the back, it says "Madoff."

-- Written by Scott Eden in New York

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Scott Eden has covered business -- both large and small -- for more than a decade. Prior to joining TheStreet.com, he worked as a features reporter for Dealmaker and Trader Monthly magazines. Before that, he wrote for the Chicago Reader, that city's weekly paper. Early in his career, he was a staff reporter at the Dow Jones News Service. His reporting has appeared in The Wall Street Journal, Men's Journal, the St. Petersburg (Fla.) Times, and the Believer magazine, among other publications. He's also the author of Touchdown Jesus (Simon & Schuster, 2005), a nonfiction book about Notre Dame football fans and the business and politics of big-time college sports. He has degrees from Notre Dame and Washington University in St. Louis.