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

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Reader Comments (Page 10 of 10)

Anne Jul 29th 2010 8:04AM

The apostrophe on CASINO'S meaning they are owned by somebody....not plural...you dimwit. "THAN" is correct english, my dear. You need to go to college and and get a degree like I did...and...I did not say anything about ITALIANS, I just said mobsters. YOU SAID ITALIAN, bringing that ethniticity in...not me. You need to proof read what you write. OH....and an education would do you quite well.

You mentioned trailer park....no...not me. Is that where you blog from? You see being Italian...mobsters come from all over..you should have known that. Russian, Jewish, gangs..quite a few. Read up on your history! ...and when you have..please come back and feel free to comment when you actually have some kind of knowledge of what you are talking about.

joc514 Jul 29th 2010 9:16AM

in that case then YOU have to deal with the individual and not plaster it all over the internet..there are many people who owe lots of money that are walking around and you would never suspect what's going on in their life..but that shouldn't make them a laughing stock to the world to poke fun at..listen, I don't live in a bubble but fair is fair everyone lives the way they choose hopefully without being the target of a good laugh. I feel bad for their children, okay they may be fresh but they are still very young and impressionable all this talk can be very damaging to them..Teresa and Joe truly love their children, you can't take that away from them..NJ Housewives are to amuse "us", the public, if you are not watching it for that reason then you should turn it off and go on with your life..It's a continuation of the daytime "soap" shows and not to believe everything you read. Again if they owe money to you personally then that's your problem and you alone should deal with it not all the internet..everyone is entitled to their own opinion and I say they need our prayers..

oddsox Aug 11th 2010 2:07PM

I just have to say these comments are almost as entertaining as the show. Not going to make any comments or judgments about how they got into this situation, but do have to say Joe looks happily fathered. You don't see too many Dad's get woken up and the first thing they say is I love you or happy birthday.

Maybe it's edits or maybe it's staged but it's really cool to see a guy who looks happy to be a Dad to all those girls.

Ok that said... please tell me they did have some real antiques that have been shuffled off quietly to relatives. Come on, fake marble tops? That's not Italian! hehe

Forget this family, what is up with Daniel and her minions? Who's the little stuck in the 70s hair (parted in the middle feathered on the sides), volleyball coach styling, ex-con sample man?

Skyeland Wakeman Aug 21st 2010 4:19AM

The four-section sofa looks like one of the furnishings in PeeWee's Playhouse. His was meant to be outlandish, but managed to be more subtle. The overall effect is akin to a painter who must fill every bit of a canvas out to the edges: where there is space, something must occupy it.

It can be a heady experience, having little money and then finding oneself with quite a lot of it. Trouble is, unless you've learned to be sensible along the way, you're likely to fall in love with the sensual aspects of spending without investing very much thought. It is hoped that having done something so outlandish once, people will not repeat such a pitiable performance. Alas, I personally know one woman who has bankrupted three times and is headed at warp speed for her fourth embarrassment. She's very religious, though...fanatically. She's been praying for a miracle. What she needs is a good therapist who can teach her common sense. Money may not be the root of all evil, but it's certainly the power behind foolishness.

Money is something to use as a building block: use it to educate yourself, to visit other cultures, to savor what's beautiful and timeless and invest in unique objects that will increase in value: and if you don't have a good eye for this sort of thing, visit museums and galleries. Create a viable business around some talent you possess and devote your energy to learning everything you possibly can to enhance all of your skills. If I'd had this chance, I'd have traveled to small towns throughout North and South America and savored everything in second hand shops, seeking the one remarkable creation out of many thousands. Everything would be genuine. My splurges would probably be a small, study sailboat crafted by an unsung master, a modest hybrid car and ten acres of land where I could pitch a tent and preserve a small part of the world for the creatures that are losing habitat. I would invest in green energy, living entirely off the grid. I would travel to India and ask for a few moments in the presence of HH The Dalai Lama. To think of all the wonder still remaining in this world and acknowledge that I may never again in my life make more than 35k per year, yet know that even on what seems like a pittance I could fulfill not only my own dearest dreams, but the dearest dreams of sincerely good people who add so much value to my life by being themselves and enjoying their time in my presence. These people are not to be made fun of ~ it was too much responsibility for them to handle. Yes, they do not suffer from a surplus of good taste and have very poor impulse control.

X-JerseyGuy Sep 4th 2010 10:27PM

Teresa looks like a GHINNIE TRASH DRAG QUEEN and the funiture looks CHEAP, UGLY and belonging to LIBERACE!!! Her and Joe deserves to loose everything and to have to spend time in JAIL for their crimes!

tammy Sep 22nd 2010 2:00PM

I think it is sad that the producers of this show probably knew what was going on and just watched as this family went down for the sake of ratings. Also, Joe and Theresa need to get some mental help for knowingly allowing this to happen to their family. I think that this was all avoidable. They had to have known how bad things were financially. Now they have to have their dirty laundry out in public, the trip to Italy, the house, the kids clothes and how about Theresa ,spending on clothes and boobs...Plus the parties, and everyone with their heads up their asses. I wonder how happy Danielle is now to be able to watch Theresa and Joe go down in flames. the poor kids and the awwwful parents, the example has been set for them. WOW! When Theresa screamed at Danielle and tried to act so much better she sure did put her Gucci wearing feet in her mouth. How does it feel? I would be ashamed to live in the same town. I would have to move far , far away. Too bad everyone knows them from their great successful run on television. I guess it didn't pay very much. Congrats Danielle, even though I think Danielle is a pig of a human being , she should be celebrating her huge defeat. Let's admit it ,Danielle is no great human being either. And a terrible role model for her kids, she is really out of her mind the way she uses her kids for emotional support and telling them all of her garbage of a life story. Way to go all of the Housewives of New Jersey...I hope that we don't find anything out about Caroline ,Jackie, aior Dina, I can't handle any more downfalls of my tv heroes! Ha! Ha!

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