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13 WTHR Indianapolis | Indianapolis Local News & Weather

Schrenker items auctioned

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Schrenker's boat, a 2006 Rinker Captiva 282, netted a $28,000 final bid.

Mary Milz/Eyewitness News

Indianapolis - Furniture, jewelry and office equipment owned by Marcus Schrenker all went to the highest bidder Saturday.

Schrenker is the Geist money manager accused of crashing his plane to fake his death. Now he's in jail awaiting trial for securities fraud.

Nearly everything Marcus Schrenker owned was on the auction block - everything from his power boat and dirt bikes to lamps, guns and tools, including a chain saw.

Mike Nelson walked away with a yard tent for $100.

"I understand why everyone's out here. There's good stuff in there," he said.

The auction drew a thousand people, many looking for a deal.

"I got this rug and paid $750. I think a got a bargain," said Debra Grover.

Among the first large items on the auction block, a baby grand piano went for $10,700.

There was also that fascination factor with lifestyles of the rich and infamous.

"A lot of wasted money is what I see, just spend, spend," said Jerome Chambers.

"All these items, motorcycles, boats and airlines, he had an exceptional opportunity to keep running away from his responsibilities," said Tim Sublett.

Some auction items really seem to tell the story of Marcus Schrenker, including one of the books up for auction. It's titled "Manias, Panics and Crashes."

The so-called getaway motorcycle went fast - for $9,000.

The boat, a 2006 Rinker Captiva 282, also went fast, for $28,000, even though it came without keys.

"We're selling everything the way it is, with the faults, there is no contingency," said Tim Boeglin, Key Auctioneers.

Appraised at $68,000, Erik Butts got a steal on the boat "because I thought it was a good deal and I pray it runs."

Michelle Schrenker's diamond ring, appraised at $31,000, went for $18,000, the winning bidder unfazed by the previous owner.

"It doesn't mean a thing. I think the diamond itself has value and it won't go down in price," said Bobbi Richardson.

A label one of Schrenker's computers said, "Do the things that make money." The auction did that, but not anywhere near what Schrenker owes.

Awaiting trial in the Hamilton County Jail, Schrenker faces claims against him in excess of $30 million.

Auction details