A Real Housewife of New Jersey's Bankruptcy Auction

by Deidre Woollard (RSS feed)
Jul 26th 2010 at 7:01PM

Teresa Giudice one of Bravo's Real Housewives of New Jersey is bankrupt and her furnishings are headed to the auction block on August 22. She and her husband, Giuseppe "Joe" Giudice owe $10.85 million in debt. The couple has filed for Chapter 7 meaning that their belongings will be liquidated.

The items being auctioned were in the couple's foreclosed home and seen on the show. A.J. Willner Auctions is running the auction which includes a Schaefer & Sons Grand Piano, a Wolf stainless steel range, a six-foot Satsuma temple urn, plenty of ornate furniture including both a pool table and a poker table, a suit of armor, chandeliers and sconces, framed paintings and a Sea-Doo Bombardier jet boat. The word "faux" appears frequently in the descriptions of furniture and decor.

Those interested in buying will need to have a 25 percent deposit in cash or certified funds ready at the time of successful bid and full payment is due on August 23rd. In order to attend this auction, interested bidders are required to present a $300 refundable deposit at time of registration to serve as the required deposit until a bidder's balance exceeds a $1,200 threshold. At this point bidders will be asked to increase their deposit in order to satisfy the 25 percent requirement. There is no buyer's premium.

[via Gawker]

Schaefer & Sons Grand Piano

Wolf Stainless Steel Range

1080 Pure 42" LCD Television

Chippendale Style Arm Chair & Pair of Oversized Candle Sticks

Wood Trim 3 Cushion Sofa, Shell Leaf Carved Crest, Leather & Fabric Upholstery, Pillows, Oversized Faux Marble Top Cocktail Table 68"x50"

Round Pine Kitchen Table & 8 Upholstered "Tudor" Style Chairs

A four-section center seating group with upholstered seats and backs in a wood frame.

A gold-painted 6' ceramic Satsuma temple urn

This huge gilt frame mirror measures 88" x 62"

Greek Revival style tables topped with elaborate candlesticks.

A faux marble topped credenza.

Fireplace accessories, a metal tri-fold screen, faux antique urn and candlesticks.

Another huge television.

The master bedroom furniture includes a king-sized high back bed, two end tables, two small chests, an armoire and a dresser with a mirror.

Another gilt frame mirror, this one is 8'x10' and a kidney-shaped vanity table.

A leopard love seat and upholstered club chairs.

A wood and faux leather topped credenza and wall mirror with faux leather frame.

A Connelly antique style pool table with a pine frame.

A mahogany poker table and four leather swivel arm chairs.

A mahogany home bar and stools.

A faux marble chess set.

A foosball table.

A suit of armor.

Tags: bankruptcy, real housewives of new jersey, Teresa Giudice

Filed under: Auctions

Subscribe to these comments

Reader Comments (Page 1 of 10)

Sheri Roy Jul 26th 2010 9:09PM

I watched her pick out her furniture when the house was nearing it's finished. She counted out 120,000 dollars right there. I've been in banking 15 years and know that when more than 9,999.99 shows up a report has to be done. And it's reported. Where was everyone when this was done? And why the hell would she spend more than he was obviously making. Plus the furniture is way tacky and overdone.

Sheri

Candee Jul 30th 2010 9:59PM

Sheri you need to take banking 101 and review your compliance and regulation laws....15 years ...are you a part-time, sat or sun. teller? A reported transaction is for cash in or out for 10m and 1 penny or more, not 9999.99. And if you work in the bank and she maintains an account you can expect to be fired and maybe charged a fine....thats the privacy law.....confidential....you can kiss your job good-bye!

metalgddess Jul 26th 2010 9:58PM

Candee, Sherri Roy is probably referring to an episode that aired that showed her picking out her furniture. Not actually witnessing it in the bank...

s rife Jul 26th 2010 10:11PM

Sheri you are right, Candee go stick your head in a toilet and FLUSH.

Dan Jul 27th 2010 3:33AM

@CANDEE: You are an idiot. First of all sherri is right. There is a standard IRS reporting for for cash withdrawals and deposits of 10k and up. It is supposed to stop drug dealers and money laundering. If you really thought it was 10 million, then YOU need to take banking 101 yourself. The only way your statement could be true is if you were using the 'M' as a roman numeral then your sentence is correct but your argument is invalid. so you FAILED

CAROL ANN Jul 27th 2010 5:47PM

sherri...you said it all....i agree...what was she thinking??? i guess it was to impress everyone....

Barb Jul 28th 2010 9:41AM

Why does everyone think she counted out the entire $120,000??? I am not defending her at all I hate her...but she was probably making a deposit! People are assuming here that she counted out $120,000+ LOL With the stack she had it clearly wasnt that much $$.

soccermop59 Aug 5th 2010 4:59PM

I am just floored by the lavish spending this family continued to display knowing that their financial situation was in dire straights....absolutely floored, how sad!! Me see a marriage counselor in their near future, cause girlfriend, doesn't seem to get it!!

kluj Jul 26th 2010 9:11PM

Fricken Hillarious!

jelans Jul 26th 2010 9:22PM

LMAO, Faux everything not to mention ugly and what did they spend 8 million on?

coelewis Jul 26th 2010 9:24PM

dear LORD that woman has the absolute worst taste in the history of decorating. she always is telling everyone about her class...oh please...."girl, versailles is on the phone, and they want their furniture back". oh that's right...it's faux just like her and her family.

mlbthree Jul 26th 2010 11:42PM

This crap should not be mentioned in the same sentence with Versailles; South Joisey maybe, but not Versailles LOL.

LPL Jul 27th 2010 12:41AM

Faux marble and leather???? Good grief, I have the real stuff and I live in a 4 bedroom ranch... not a mansion. She is the tackiest person ever. That family is FAUX!

jaimeybarreras Jul 26th 2010 9:33PM

Teresa is delusional... Not much of a role model for her daughters... Hope she enjoys living in that apartment above a pizza parlor in NYC....

Montana Jul 27th 2010 1:01AM

Jaimy , those were my thoughts EXACTLY !! Carma , member when she said it would be skeevy to live in someone elses house? What a Faux, Fake or whatever the hell else you want to call it. HEY TERESA ...put a sticker on it Honey, cause you ain't no Bentley !!!!

bettyjoan47 Aug 5th 2010 5:03PM

Not just any pizza polar, but a used one...remember how she was "disgusted by the notion of living in someone else's" disgusting used home???? Karma is indeed a B****!!!

Deborah Podolka Jul 26th 2010 9:36PM

Be kind people,this may happen to you one day. They made mistakes,yet Joe is a good father and husband. I LOVE,LOVE ,LOVE this family!!!!!

Kimberley Jul 27th 2010 12:37AM

I love this family too. They may have their problems right now, but you can tell they love their children and each other. More than I can say for that awful Danielle! I will watch a program with this family in it anytime and I feel very bad for them right now!

Kelly Jul 27th 2010 12:59PM

Wow some of you people should go to therapy if Theresa & her family can make you this angry! They made financial mistakes & now they are paying for them by selling their stuff, so get over it! Btw when Theresa was shown buying her furniture she was asked by the show to pay for some of it in cash, NOT all of it was paid in cash.

Carly Jul 26th 2010 9:40PM

Hilarious? I don't find this story funny at all. The furniture may have been tacky, but I'm pretty sure that's beside the point. Of course they spent more than they had, and no one can do that... but they have 4 kids. So before you laugh at others, think about how their entire family is suffering for the parents mistake. Not funny at all.

| 1 | 2 | 3 | 4 | 5 | Most Recent | Next 20 Comments