{"id":97462,"date":"2022-10-15T01:16:17","date_gmt":"2022-10-15T01:16:17","guid":{"rendered":"https:\/\/harchi90.com\/how-to-bid-on-erika-jaynes-infamous-diamond-earrings\/"},"modified":"2022-10-15T01:16:17","modified_gmt":"2022-10-15T01:16:17","slug":"how-to-bid-on-erika-jaynes-infamous-diamond-earrings","status":"publish","type":"post","link":"https:\/\/harchi90.com\/how-to-bid-on-erika-jaynes-infamous-diamond-earrings\/","title":{"rendered":"How to bid on Erika Jayne’s infamous diamond earrings"},"content":{"rendered":"
\n

Get your paddles ready.<\/p>\n

The infamous diamond earrings Erika Jayne was forced to turn over amid her ongoing legal battles are headed to the auction block in California on Dec. 7, Page Six can exclusively reveal.<\/p>\n

\u201cThey are quite possibly the most talked about jewelry in the world at the moment, which adds kind of an unknown excitement and interest factor,\u201d Stephen Swan, vice president of John Moran Auctioneers, tells us.<\/p>\n

\u201cWe haven’t established a starting bid yet, but because it’s a court-ordered sale, the starting bid is going to be very attractive.\u201d<\/p>\n

Jayne’s estranged husband Thomas Girardi purchased the earrings in 2007 at a retail value of $750,000. Since then, the \u201cReal Housewives of Beverly Hills\u201d star, 51, has claimed that the studs have increased in value to $1.4 million.<\/p>\n

\"A
Erika Jayne’s diamond earrings will be for sale at a live auction held by John Moran Auctioneers on Dec. 7, Page Six can confirm.<\/figcaption>
WireImage<\/span><\/figcaption><\/figure>\n

However, Mollie Burns Keith, the gemologist and director of the jewelry department at John Moran Auctioneers, exclusively tells Page Six that the earrings have not been appraised since 2004 and Jayne’s \u201cunfounded number\u201d is \u201cbased on clearly nothing.\u201d<\/p>\n

However, she says the sparklers will be getting a new GIA report, which is a full scientific and unbiased assessment of the diamonds, prior to the auction.<\/p>\n

\"A
Jayne claimed on \u201cRHOBH\u201d her earrings were now worth $1.4 million, but we’re told they haven’t been appraised since 2004.<\/figcaption>
theprettymess\/Instagram<\/span><\/figcaption><\/figure>\n

\u201cThe original grading was done in 2004 and those need to be updated,\u201d Burns Keith adds.<\/p>\n

Swan says the starting bid will \u201cdefinitely be lower\u201d than the retail price tag Girardi, 83, paid.<\/p>\n

<\/p>\n

We’re also told the notoriety the earrings have will not play a role in the value given to the earrings at the auction, but that factor is likely to \u201cpropel\u201d people to place higher bids.<\/p>\n

\u201cWhat an exciting moment to have these and to own these,\u201d Swan says. \u201cThey are definitely a phenomenon in our culture right now and what better of a dinner party conversation-starter than to be able to show them off.\u201d<\/p>\n

If Jayne wanted to place a bid to win her earrings back, that option is on the table.<\/p>\n

\u201cThere is no reason why she could not bid on them,\u201d Swan confirms.<\/p>\n

However, as Burns Keith cheekily points out, \u201cShe would have to go through the pre-approval process to verify funds.\u201d<\/p>\n

\"A
Jayne was seen wearing the earrings at many red carpet events and on \u201cRHOBH.\u201d<\/figcaption>
Getty Images for Savage X Fenty<\/span><\/figcaption><\/figure>\n

Swan says all first-time bidders have to get vetted before they’re able to place bids.<\/p>\n

\u201cIf you are a first time bidder and don’t have history with us and are looking to bid on higher value objects, we do ask for either proof of funds, possibly a deposit, verification, or proof that you have bid at another auction house,\u201d he says. \u201cWe’re just making sure that you aren’t going to bid and then walk away from this.\u201d<\/p>\n

Jayne has a mountain of legal debt due to the many arguments filed against her over the crimes her estranged husband allegedly committed.<\/p>\n

Her attorney Evan C. Borges even previously told Page Six, \u201cThe fact that Erika has needed assistance from others to pay her bills shows herself that there is no hidden treasure she ever took for that really belongs to the bankruptcy estates of Girardi or Girardi & Keese.\u201d<\/p>\n

\"A
One of the earrings has \u201cGirardi\u201d inscribed on the side of it.<\/figcaption>
John Moran Auctioneers<\/span><\/figcaption><\/figure>\n

However, if Jayne would like someone else to purchase the earrings on her behalf \u2014 that may be a loophole \u2014 but it could be met with more legal complications.<\/p>\n

\u201cThat is something that we would have to talk to the trustee about because generally speaking you cannot bid on your own property,\u201d Swan tells Page Six. \u201cEven if she was able to be vetted, I think the goal here is to have it sell for as much as possible.\u201d<\/p>\n

There may be one last-ditch effort for Jayne to recuperate her earrings via the court system: her appeal.<\/p>\n

After a judge ruled in June that Girardi purchased the luxe items with misappropriated funds from his former firm Girardi & Keese, the \u201cPretty Mess\u201d singer and her lawyers filed an appeal on the verdict in July.<\/p>\n

Swan says the attorneys would have to weigh in on how the appeal decision would factor into the auction, however he affirms that all legalities will be \u201csettled\u201d by Dec. 7.<\/p>\n

\"A
Jayne did not want to turn over the earrings until a court ordered her to do so.<\/figcaption>
John Moran Auctioneers<\/span><\/figcaption><\/figure>\n

\u201cThere will not be a moment in which the [highest bidder] will have to give [the earrings] back,\u201d the John Moran Auctioneer VP says. \u201cThe title will be passed to them according to the terms of the bankruptcy court.\u201d<\/p>\n

The court granted John Moran Auctioneers \u2014 in partnership with 360 Asset Advisors \u2014 the right to oversee this auction because they also handled the court-ordered sale of the Girardi’s former residence, have large global reach, a history of selling high-end jewelry and works of art for more than 50 years, and an established relationship with the trustee and estates community in the LA area.<\/p>\n

All proceeds of the sale will be turned over to the trustee and then the trustee divides them amongst all of the appropriate parties. The auction house is paid for their services through a buyer’s premium.<\/p>\n

\"Erika
Jayne is allowed to bid on the earrings if she wants them back, VP Stephen Swan says.<\/figcaption>
theprettymess\/Instagram<\/span><\/figcaption><\/figure>\n

Although the live auction starts on Dec. 7 at 1 pm ET\/ 10 am PT, Swan says there are a \u201cmultitude of different ways\u201d that people can place bids from \u201canywhere in the world.\u201d<\/p>\n

\u201cYou can bid online if you want \u2014 prior to the auction \u2014 in what we call an absentee bid,\u201d he explains. \u201cHowever, on the day of the auction, you can be in the room with a paddle [at the John Moran headquarters in Monrovia, Calif.]and you can bid live online, as well, and watch and hear the auctioneer from home or wherever you are.\u201d<\/p>\n

Absentee bids prior to the live auction can be submitted online at JohnMoran.com or in-person at the company’s headquarters starting around Thanksgiving up until Dec. 7.<\/p>\n

\"A
Jayne’s earrings were found in \u201cgood condition,\u201d gemologist Mollie Burns Keith tells Page Six.<\/figcaption>
John Moran Auctioneers<\/span><\/figcaption><\/figure>\n

Each earring is over 7-carats, so in they have a combined total of more than 14-carats. <\/p>\n

\u201cThey’re near colorless and they have very beautiful clarity,\u201d Keith Burns says. \u201cThey’re nice, clean stones and they’re super sparkly. The setting is really lovely. They were in really good condition.\u201d<\/p>\n

She concludes, \u201cWe’re thrilled to represent them and we’ll do our best on behalf of the people who have entrusted us with them.\u201d<\/p>\n<\/p><\/div>\n

.<\/p>\n","protected":false},"excerpt":{"rendered":"

Get your paddles ready. The infamous diamond earrings Erika Jayne was forced to turn over amid her ongoing legal battles are headed to the auction block in California on Dec. 7, Page Six can exclusively reveal. \u201cThey are quite possibly the most talked about jewelry in the world at the moment, which adds kind of …<\/p>\n

How to bid on Erika Jayne’s infamous diamond earrings<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[5],"tags":[8499,31378,2943,3755,8969,1451,1452,22433],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":61963,"url":"https:\/\/harchi90.com\/erika-jayne-scores-win-in-5m-aiding-and-abetting-argument\/","url_meta":{"origin":97462,"position":0},"title":"Erika Jayne scores win in $5M aiding and abetting argument","date":"August 31, 2022","format":false,"excerpt":"Erika Jayne scored a major win in court this week in the $5 million fraud lawsuit two of her ex-husband Tom Girardi's former colleagues \u2013 attorneys Philip R. 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