Oct
3
Selling Everything That’s Not Nailed Down
Filed Under Assets & Debts, Divorce & Separation, Property & Asset Distribution
Those of you familiar with the NFL and the New York Giants will recognize Michael Strahan. You may have also heard about the nasty divorce proceeding he’s going through with his wife. I have no feelings on this divorce one way or the other, but this post from Charles Abut’s New Jersey Family Law Blog highlights some of the things going on in that case. Specifically, Strahan is arguing that everything be sold at auction. Here’s a snippet:
Even the Strahans’ twin 2-year-old daughters’ bed was sold off by the New Jersey divorce judge, at the insistence of their NFL-star father. The bed went for $8,750 in the auction to divide the assets of Jean and Michael Strahan after their prolonged divorce. Before the auction, Jean said she wanted the bed - it was only expected to go for about $3,000, but she got into a price war with another bidder. Since she gets half of all of the proceeds of the auction anyway, she wasn’t too concerned. “It was a good battle, but I paid $16,000 for [the bed],” she said. More than 220 items from the couple’s 7 -year marriage - including the bed and the family’s 8 -foot, walnut kitchen table - were on the block. In court, Jean had asked Michael to let her temporarily keep the furniture in the home she shares with their twins until she sells the house. But the sack king - who astonished the divorce-court judge when he argued that even his daughters’ baptismal cradle, chairs and other personal items should be sold off - refused.
Now, what you might not know is that Strahan and his wife were avid antique collectors. So, the cradle is not a Babies R Us special and I would venture to guess that most of the stuff in the house going up for auction has value beyond the normal furniture and personalty divided pursuant to a divorce.
Posted by Victor J. Medina,
Medina, Martinez & Castroll, LLC
Comments
Leave a Reply