Erika Jayne and Tom Girardi’s prized possessions are being auctioned off to the highest bidder.
Radar Online reports that the estranged Real Housewives of Beverly Hills couple is being forced to put their possessions up for auction in order to pay back some of the $6 million owed to Girardi Keese’s former litigation lender.
200 items from Tom and Erika’s former Pasadena mansion are set to go up for auction next week.
Items being auctioned off include a $60,000 Steinway piano and numerous rare paintings and books. Tom’s personal library includes his law book as well as a first-edition English translation of Niccolò Machiavelli’s The Prince.
John Moran Auctioneers & Appraisers, who is overseeing the auction, reveals that online bidding for certain items will kick off next week with a formal action starting on September 21 in Monrovia, California.
Tom’s now-defunct law firm, Girardi Keese, owes more than $500 million to former clients, lenders, and co-counsels.
This upcoming auction is set to bring in nearly $280,000. 80% of this amount will be paid to California Attorney Lending II Inc., which claims they are owed $6 million from Girardi Keese.
The rest of the funds collected via the auction will go to Tom’s other creditors.
While the auction is moving forward, Tom is still fighting to have some of his personal items removed from the auction.
In July, Tom’s legal team and his brother, Richard Girardi, filed an amendment listing property that Tom wants to be labeled exempt from the auction. The list includes outdoor patio furniture, tables, chairs, cushions, and a sofa worth $5k.
Tom also wants his $60,000 Steinway piano, an outdoor metal planter worth $500, and his $2k bedroom set and mattress to be listed as exempt as well.
The Real Housewives of Beverly Hills airs on Wednesdays at 8 pm on Bravo.