Appraisal: All That Teresa Giudice Household Junk Worth Just $51,000
The upcoming fire sale of the belongings of that bankrupt “Real Housewives of New Jersey” woman is expected to net a measly $51,000, which won’t leave much of a dent in the $11 million in debt she has piled up with her husband.
An appraisal filed yesterday in U.S. Bankruptcy Court attaches a “forced sale value” to home furnishings that will soon be the former property of Teresa Giudice and her husband Giuseppe. The document--a PDF of which can be downloaded here--is a testament to the steep depreciation of gaudy items purchased in Essex County’s finest shops.
The big ticket items included in appraiser Alan Atkins’s report are a Sea Doo boat ($7500), a Wolf gas range ($3000), and a tool collection ($2500).
But the bulk of the Giudice estate is rather mundane: appliances, TVs, costume jewelry, and all sorts of tacky furniture, like the “Faux Marble Top Credenza, Half-Round, with Scrolled Base” pictured at right (Atkins valued that horror at $135).
Sadly, a “Framed Family Portrait” from the back foyer of the couple’s Towaco, New Jersey McMansion is not for sale. Ditto the 2005 Maserati Quattroporte, which is leased.
The Giudice auction is scheduled for August 22.