Bernie Madoff, a former stock broker who schemed millions of dollars from clients, had his stuff auctioned off online yesterday. In addition to underwear, socks and boxers that were auctioned off for thousands of dollars (no joke), Bernie’s wife’s 10.52 carat cushion cut engagement ring was also auctioned off and won by an anonymous buyer for $550,000

According to The New Yorker, the buyer’s explanation for buying the ring is that “it’s just another diamond.” Wow.