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Just Think of It as a Bake Sale

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Associated Press

A fax machine and a gold-plated grand piano are up for bids. So are a 1964 Rolls-Royce and some furs.

The $1,000 deposit is refundable, and it’s all for a worthy cause.

The estate sale May 26 is at the $1-million home of Stephen A. Wagner, former finance director of the Newport-Mesa Unified School District.

Wagner is in jail awaiting sentencing for embezzling $4 million from the district, and bankruptcy trustee Ted Albert plans to apply the auction proceeds as restitution.

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The Wagners were known for conspicuous consumption, even by opulent Newport Beach standards. The auction will be heavy on furs.

Albert expects the auction to bring in only about $100,000, a fraction of the amount Wagner has admitted stealing.

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