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 4 of 10)

JustMe Jul 26th 2010 11:18PM

No, it doesn't happen to anyone. Of my 10 brothers and sisters and our parents, we've not experienced a single foreclosure in this economy crash (thank God). Not one of my friends has experienced such either. Not because we're silver-spooned or blue-blooded (I grew up lower-middle class in the "hood"), but because none of us were silly enough to dig ourselves more debt than we can afford. We have purchased homes wisely, and we furnish our homes in a budget...as opposed to spending ridiculous money on a "really big mirror."

While I pity Theresa's children, I feel no pity for she and her husband. Grown people do grown things....like balance their checkbooks and avoid petty debts that can place their families in jeopardy.

brisas233 Jul 26th 2010 10:43PM

OMG......OH MY DEAR GOD!!!
i HAVE NEVER SEEN SO MANY UGLY STUFF IN MY LIFE....NOT IN A SINGLE HOUSE,,,,

pmcorliss Jul 26th 2010 10:43PM

Welcome to the real world Teresa. You give Italians a bad name. The chickens have come home to roost. "Money knows no class".

You need a dose of reality. Joe seems to be a nice guy. It appears his business went south.

paul Jul 26th 2010 10:55PM

I will take the pool table for a $100.00

jackie smurf Jul 27th 2010 11:19AM

I'll take the Piano for $50.00

debbie Jul 29th 2010 12:17AM

well people what she may think as classy some may think tacky crap yes she maybe did get her decorating idear from tony soprono so what as long as she likes it that is all that matters to each his own good bye and good nite.................

rlh1730 Jul 26th 2010 11:06PM

Yikes!! Are you sure she isn't a man? She sure is manly.

Anna Jul 26th 2010 11:24PM

I'll take that stove though....

Jody Jul 26th 2010 11:27PM

That is some of the gaudiest and ugliest crap I have ever seen in my life.

my3littlemonkeys Jul 26th 2010 11:50PM

OMG... You are all TOO funny. Who cares if YOU like it. It wasn't in YOUR house. Whether it's true or not. Who wants to tell the world that they are filling bankruptcy, losing their house and all of their belongings
Thanks for the laughs.

kukla Jul 26th 2010 11:42PM

I watched the episode on AOL last night when her husband was showing her the pizza parlor and apartment. He told her specifically the ideas he had for the apartment and she kept saying...."Right" followed with laughs each corner they turned. There comes a time when each one of us falls on our knees somewhere during this journey Life has us on....my time came and it was the best thing that could have happened...for me anyway. Priorities become very clear because all the stuff is no longer in the way. I hope she and her family will find the good that can come from this. The hurt will be devastating but the healing brings a richness money cannot buy.

Mary Jul 27th 2010 1:19AM

Teresa and Joe ....just ignore the mean comments and pick yourselves up again! Everyone deserves a second chance, including you. But may I suggest Pottery Barn for the next house!?

clj7770 Jul 27th 2010 3:17PM

I saw that too. I she was like he is just joking. From the way I picked it up he was not. He saw this foreclosure coming before hand, but she was being naive and was chasing after Danielle crazy ass because she was right. Danielle may be crazy but she was right.

Gina Jul 26th 2010 11:53PM

Okay, the furniture is a bit over the top, but that Wolf Stainless Steel Range is to die for !!!!

jane Jul 27th 2010 12:12AM

There is NOTHING REAL about the RHONJ. Teresa and Joe are nothing but common criminals and shame on Bravo for promoting lying thieves. I love how Teresa keeps telling us how much "class" she has and how "nice" she is, didn't anyone tell her it's not NICE to steal. Geeze she even stole the title of her book "Skinny Girl" from Bethenny Frankel.
She is dumber than dirt! She tawlks from the gutter. There is nothing nice or classy
about this duo, they make the Soprano's look like a class act..
Poor Ms. Teresa will be lucky to live in one of those apartments or a used house after the government gets done with them. As it stands they may not qualify for Bankruptcy because they lied under oath, so they may end up not being able to just dump $11 million of debt on tax payers..
I hope they will be held accountable and have to work for years paying back every DIME they stole.

KikiCO Jul 27th 2010 12:02AM

Wow, talk about NO taste. She watched way too many episodes of the Sopranos and then shopped at the discount Guido store! This is some tacky cheap looking crap. Hilarious! And she's always trying to act like she's some high class b*tch with "good taste." haha. Spending money she doesn't have to buy things she can't afford. What a loser. Hey, Teresa, when you can't pay that's the same as STEALING you theiving scumbag!

Heath Jul 27th 2010 2:15AM

So will next seasons show be called, "The Real Housewives of the New Jersey Projects"?

Carly Jul 27th 2010 12:41AM

@Dem'sWantToOwn Everybody,

I never said having 4 kids was an excuse to live beyond their means. If you re-read my comment I said no one should be doing that. Also, I never said their kids need those things to be happy. I don't know where you're getting that from. I just think it's very traumatic for kids to see their parents going through this sort of thing. It's not their fault.

Hell MR.Nick Jul 27th 2010 12:35AM

"DEBORAH PODOLKA"....This will never happen to anyone that is smart enough to live within their means, and not put themselves almost $11Million in debt.