Piece of Berlin Wall to be auctioned off in Suwanee - KMSP-TV
Piece of Berlin Wall to be auctioned off in Suwanee  Posted:
Updated:  A section of the Berlin Wall will be auctioned off  to
pay back victims in an Atlanta-area Ponzi scheme.  The 12-foot,
8,000 pound chunk of the wall was sold to a Georgia businessman
in 1991 and then sold a number of other times after that.  Three
years ago, a company bought the piece of the wall with money it
illegally bilked from dozens of investors in a Ponzi scheme. Now
the wall is being sold to pay those victims back.  The Auction
Management Company is holding the auction, which they believe is
the first piece of the Berlin Wall ever to be auctioned off.
Scott Schwartz of the Auction Management Company wouldn't say
much he thinks the wall will go for, but records show that it
sold for $40,000 a few years ago.  The painting of an American
flag on the side of the wall that faced West Germany perked the
interest of a local art expert over the weekend, who said that
famous ar