Bernie Madoff's Clothes are Auctioned Off & Upcycled Into an iPhone Cover
Omar Yusuf — August 11, 2011 — Eco
Responsible for architecting the largest Ponzi scheme in history, Bernie Madoff was promptly tried and sentenced to 150 years in prison, the maximum allowable sentence. However, the former investment advisor didn't take his belongings with him to jail, so now his expensive apparel and accessories are being converted and upcycled into iPhone and iPad cases!
After purchasing the fraudster's entire wardrobe at a federal auction, entrepreneur John Vaccaro had the threads cut, disassembled and refashioned into smartphone cases, holders and cosies. As news spread that all of Bernie Madoff's suits were being repurposed, word of mouth ensured that the cases would be sold out in mere minutes.
According to the designers who upcycled the clothes, a pair of Ralph Lauren dress pants could provide enough fabric for as many as four cases! For Wall Street regulars, Bernie Madoff's underwear might make for a novel smartphone case. For those he drove into poverty or disrepute, its a mantlepiece.
After purchasing the fraudster's entire wardrobe at a federal auction, entrepreneur John Vaccaro had the threads cut, disassembled and refashioned into smartphone cases, holders and cosies. As news spread that all of Bernie Madoff's suits were being repurposed, word of mouth ensured that the cases would be sold out in mere minutes.
According to the designers who upcycled the clothes, a pair of Ralph Lauren dress pants could provide enough fabric for as many as four cases! For Wall Street regulars, Bernie Madoff's underwear might make for a novel smartphone case. For those he drove into poverty or disrepute, its a mantlepiece.
Trend Themes
1. Upcycled Apparel - Upcycling clothing and accessories into new products, such as smartphone cases, is becoming a popular trend.
2. Novelty Fashion - Transforming infamous or iconic garments into unique fashion accessories is gaining traction among consumers.
3. Sustainable Design - Using recycled materials from notable individuals to create new products aligns with the growing demand for eco-friendly and socially responsible designs.
Industry Implications
1. Fashion - The fashion industry can explore upcycling opportunities to create innovative and sustainable products from existing garments.
2. Consumer Electronics - Consumer electronics companies can tap into the market for unique and limited edition smartphone and tablet cases made from upcycled materials.
3. Collectibles - The collectibles industry can leverage the demand for items with historical or cultural significance, such as smartphone cases made from infamous clothing, as rare and valuable products.
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