
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]