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Game Theory, Nobel Prize, & Auctions - Auction Primer Series - Part 1
William Vickrey, highly regarded as the founder of auction theory, was an economics professor at Columbia University when he published two papers outlining his views on auctions: "Counterspeculation, Auctions, and Competitive Sealed Tenders", 1961, Journal of Finance "Auction and Bidding Games", 1962, Recent Advances in Game Theory In 1996 he received a Nobel Prize "for fundamental contributions to the economic theory of incentives under asymmetric information." It's important to understand that asymmetric information is an essential component of auctions, where potential buyers have varying levels of knowledge about the value of the item. Although Vickrey considered his work on auctions as "one of my digressions into abstract economics, at best of minor significance in terms of human welfare", to those of us who work with online auctions, much of what he outlined is useful to understanding our marketplace. Vickrey identified 4 general types of auctions: English English Auctions Although traditional ascending price auctions use a "soft close" format - where bidding continues until a final bid is placed, the majority of today's on-line auction sites use the "hard close" format - also known as a 'time interval" auction having a set time limit, regardless of ongoing bidding. It's important to note that in a "soft close" format, bid snipping, that is bidding during the last few seconds or minutes on an item, is eliminated since the auction stays open as long as bids are being made. In an attempt to minimize bid snipping and provide more of a "soft close" characteristic to their "hard close" auctions, eBay allows bidders to use "proxy bidding". In proxy bidding, a bidder enters the highest price they are willing to pay for an item when they first bid. The bid begins at the lowest possible level and increases automatically only if their original lowest bid has been beaten. For more in-depth information on the "proxy bidding capability on eBay go here. http://pages.ebay.com/help/buy/proxy-bidding.html Amazon.com currently offers a feature for their auctions called "Going, Going, Gone." The Going, Going, Gone" feature extends the end of an auction for 10 minutes if a bid is placed effectively creating a "soft close". For more information on the "Going, Going, Gone" feature on Amazon go here. http://www.amazon.com/exec/obidos/tg/browse/-/1161360/103-1666189-8415007#going-gone From the buyers standpoint a "hard close" format is preferable since they may be able to make a final bid before others can react, possibly winning the auction at a lower price. For sellers, a "soft close" format provides an opportunity to realize the maximum price for an item by removing the time restrictions for an auction. As long as bidders are bidding the auction remains open. Dutch Auctions As an example of a Dutch auction let's say you had 10 items you wanted to sell for $20 each. Bidder A bids $18 for 6 items Please note that most Dutch auctions allow bidders to refuse an order for a lesser number of items than what they bid on. A "soft" or "hard close" format may be used in Dutch auctions although the most common is the "hard close". First-price Sealed Bid Auctions Second-price Sealed Bid Auctions The above descriptions provide a general overview of the most popular auction types in use today. Depending on the auction website these general categories may include a number of variations and options such as reserve pricing, open or closed venue, multiple items, fixed price and lot listings to mention a few. Before entering any particular type of auctions make sure you study and understand the rules for that specific type of auction, as the rules may vary from website to website. Copyright © Steven Woodward - All Rights Reserved Steven Woodward is the owner, editor and publisher of the Auction Sellers Network (ASN); a web site for individuals and companies who are serious about utilizing the online auction marketplace for their business. In addition to topical articles, ASN provides an extensive resource center, news feeds and member forums. For more information, or to become a member, please visit us at http://www.AuctionSellersNetwork.com No permission is needed to reproduce an unedited copy of this article as long the About the Author tag is left in tact and included. We do request that we be informed of where it is posted and reciprocal links will be considered.
MORE RESOURCES: table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGjYCA_oVLE8Q3jg6mmRAQuinqchgamp;url=http://www.wishtv.com/dpp/news/indiana/upgrades-planned-for-n-ind-classic-auto-auctionimg src=http://nt0.ggpht.com/news/tbn/jDxgZqicLWVpIM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2WISH/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNG_VPSY5-F1BOavhpfDWD3B7Et4OQamp;url=http://www.businessweek.com/ap/financialnews/D9H9IOOO0.htmbUpgrades planned for N. Ind. classic auto auction/b/abr /font size=-1bfont color=#6f6f6fBusinessWeek/font/b/fontbr /font size=-1Ontario-based RM bAuctions/b bought the Kruse International auction park in Auburn this month and pledged to continue the early September sales that have drawn b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEJqtk5Tolxu2ohuvxir3R5wZeaNwamp;url=http://www.autoweek.com/article/20100730/CARNEWS/100739991RM prepares for first auction at former Kruse site/afont size=-1 color=#6f6f6fnobrAutoWeek/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGiNXbPHj1fW0gEYsE9q0zq3M6NmQamp;url=http://www.insideindianabusiness.com/newsitem.asp?ID%3D42908Renovations Underway at Auto Auction Park/afont size=-1 color=#6f6f6fnobrInside INdiana Business (press release)/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEFnZS_AyRRNalEmClKpD9RVZ0aowamp;url=http://www.journalgazette.net/article/20100730/LOCAL/307309964/1002/LOCALAuburn auction upgrades pledged/afont size=-1 color=#6f6f6fnobrFort Wayne Journal Gazette/nobr/font/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dGrUSWmJc3qq0mMj2pe_JU3_h-6PMnobrball 20 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGo13GaL3oRFL6esAq9PygZ5MW35gamp;url=http://www.televisionbroadcast.com/article/104164img src=http://nt3.ggpht.com/news/tbn/I6DRKVMenQc8EM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2Television Broadcast/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGk0lZK9yQKPkTbAEq7mlx-6Aqb4wamp;url=http://www.tmcnet.com/usubmit/-boucher-stearns-introduce-voluntary-incentive-auctions-act-2010-/2010/07/30/4929528.htmbBoucher and Stearns Introduce Voluntary Incentive bAuctions/b Act of 2010/b/abr /font size=-1bfont color=#6f6f6fTMCnet/font/b/fontbr /font size=-1The National Broadband Plan#39;s recommendation concerning incentive-based bauctions/b, with broadcasters sharing in the proceeds from the auction of spectrum b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGemeO_ZUKZYPeXH9ZEo1H0EqoW_wamp;url=http://www.nextgov.com/nextgov/ng_20100730_4887.php?oref%3DtopnewsBipartisan bill would block FCC from seizing spectrum/afont size=-1 color=#6f6f6fnobrNextgov/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNH4xx1ilB11JC-M8B29iCOCE3pmfwamp;url=http://broadbandbreakfast.com/?p%3D10311Rep. 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Massion said oil companies share almost no information about what they#39;re paying. b.../b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=d-QSvs-Ru1NRmjMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGvA4go72nI7AYwSQ65Bbjb1J5lrQamp;url=http://www.bloomberg.com/news/2010-07-27/treasury-yields-near-one-week-high-before-home-prices-report-debt-sales.htmlbTreasuries Decline as Government Readies Note bAuctions/b, Home Prices Rise/b/abr /font size=-1bfont color=#6f6f6fBloomberg/font/b/fontbr /font size=-1b.../b head interest-rate strategist at UBS AG in Stamford, Connecticut, one of 18 primary dealers required to participate in Treasury bauctions/b. b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFdVttyuHGvyiUv2QUdjRS150E2UQamp;url=http://online.wsj.com/article/BT-CO-20100726-712277.htmlTreasury Prices Slip Heading Into Note bAuctions/b/afont size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNG_RAhHZ5QurfTIcfFdzQQUHd_Khwamp;url=http://online.wsj.com/article/BT-CO-20100726-708691.htmlTreasury Prices Down After Housing Data, Before bAuctions/b/afont size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHASSurZt67N5g3Kyw1PSzRlAga2Aamp;url=http://www.reuters.com/article/idUSN2711270920100727TREASURIES-Sell-off as double-dip fears recede/afont size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNH44CEUVE1oHJhF-qtUhG8QpkCaKgamp;url=http://www.rttnews.com/Content/USTreasuryMarkets.aspx?Id%3D1371825%26SM%3D1nobrRTT News/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEdpBLOVzW4MTiiH84S8KI9jSJ6gAamp;url=http://www.forexyard.com/en/news/TREASURIES-Mondays-a-wash-auctions-to-set-tone-2010-07-26T203300ZnobrForexyard/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHvvWaHAKsw4J1IFhxRMzS_K5Dh3gamp;url=http://www.businessweek.com/news/2010-07-28/treasuries-rise-as-beige-book-shows-growth-slowed-in-some-areas.htmlnobrBusinessWeek/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dALmLHRRnyOBXoMR7RjMW6GXXsX-Mnobrball 173 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNE9P9bi8pFP-aDyYYOQnrinFDbrXQamp;url=http://www.livetradingnews.com/wall-st-retreats-2-17741.htmimg src=http://nt1.ggpht.com/news/tbn/RSbw89kpWLI0zM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2Live Trading News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHCcPWgGUoVsfGBfe7e2w-5k4ehtgamp;url=http://online.wsj.com/article/BT-CO-20100729-719904.htmlbTreasury Rally Tempered By Tepid 7-Yr Sale; 10-Yr Trades Flat/b/abr /font size=-1bfont color=#6f6f6fWall Street Journal/font/b/fontbr /font size=-1Optimism on the seven-year note sale had mounted following strong demand on the bauctions/b of $38 billion two-year notes and $37 billion five-year notes. b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEEtC-C1VxOE5aCpW4CeuwGN33NcQamp;url=http://online.wsj.com/article/BT-CO-20100729-718120.html10-Year Treasury Note Erase Gains After Weak Demand On 7-Year Sale/afont size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHnBSZ-XQP6TeL1-LdeNdBNgnbRygamp;url=http://www.reuters.com/article/idUSN2943873820100729TREASURIES-Most bond prices turn higher as stocks sink/afont size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNElo_OG-3-n7LNiXAbRpF5mWHF1Xwamp;url=http://www.google.com/hostednews/ap/article/ALeqM5jOYEs6050jqMesTyrrVoYuQqHgjwD9H8V3P80Summary Box: Treasurys mixed on economic data/afont size=-1 color=#6f6f6fnobrThe Associated Press/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGqnNS4SlN9bvHwJLqRqLSVZMZX5gamp;url=http://www.marketwatch.com/story/treasurys-mostly-up-before-7-year-note-auction-2010-07-29?reflink%3DMW_news_stmpnobrMarketWatch/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHcJtAYrN_I-VtwLPqkLbhlZbrT0wamp;url=http://www.bloomberg.com/news/2010-07-29/treasury-shorter-term-notes-rise-after-29-billion-seven-year-debt-auction.htmlnobrBloomberg/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=d3PI5XoLhGMJ_DMP-hkTwnLXbwPUMnobrball 410 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGg3_axC7yulvOKEJ_C_wjDxGQ2yQamp;url=http://www.nydailynews.com/gossip/2010/07/28/2010-07-28_teresa_giudice_real_housewives_of_new_jersey_star_says_she_will_rise_above_bankr.htmlimg src=http://nt2.ggpht.com/news/tbn/-levtCToWX8o9M/6.jpg alt= border=1 width=80 height=80 /br /font size=-2New York Daily News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHKmVaIQYR_5eCwu2QIP7b9A3JWHAamp;url=http://www.usmagazine.com/moviestvmusic/news/nj-housewife-teresa-auctions-off-contents-of-foreclosed-mansion-1970241bNJ Housewife Teresa bAuctions/b Off Contents of Foreclosed Mansion/b/abr /font size=-1bfont color=#6f6f6fUs Magazine/font/b/fontbr /font size=-1As facilitated by AJ Willner bAuctions/b, the sale will be held on the premises of their 16 room, 10000 square-foot house. Faced with $11 million in debt, b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNH5DiSGkkn2dwC2u40p2bYPcsHgPwamp;url=http://thestir.cafemom.com/home_garden/107148/nj_housewife_teresa_giudice_auctionsNJ #39;Housewife#39; Teresa Giudice bAuctions/b Off Her Riches/afont size=-1 color=#6f6f6fnobrThe Stir (blog)/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEtTIbYmnwhyk1Bi3n286NrMK0NmAamp;url=http://www.northjersey.com/arts_entertainment/television/072610_Bankruptcy_auction_date_set_for_NJ_Housewifes_household.html#39;NJ Housewife#39; to unload possessions in bankruptcy auction/afont size=-1 color=#6f6f6fnobrNorthJersey.com/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNG0iaOincp1zTRSacmu6s9TRal5YAamp;url=http://blogs.wsj.com/developments/2010/07/27/teresa-giudice-auction-live-like-a-real-housewife/Teresa Giudice Auction: Live Like a #39;Real Housewife#39;/afont size=-1 color=#6f6f6fnobrWall Street Journal (blog)/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGBJrGEe3Qd27QyVMSbZrQk82JaDgamp;url=http://www.celebuzz.com/real-housewife-teresa-giudices-belongings-s231201/nobrCelebuzz (blog)/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFevrroCsXIqvSqvzkmNAYOSTtPFgamp;url=http://www.newjerseynewsroom.com/movies/new-jersey-housewife-teresa-guidices-bankruptcy-auction-scheduled-for-august-22nobrnewjerseynewsroom.com/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEKFtbE_89sJqBJobdCv5yFhIviKQamp;url=http://www.examiner.com/x-20879-The-Real-Housewives-Examiner~y2010m7d26-Real-Housewives-news-roundup-7262010nobrExaminer.com/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dAt4Eps7W8iE6DMXwRK7_hXsNpd5Mnobrball 128 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGzU_criYuItw7o8ZRmedZQcKd2Bgamp;url=http://online.wsj.com/article/BT-CO-20100712-710690.htmlbTreasurys Slip As Investors Prepare For bAuctions/b/b/abr /font size=-1bfont color=#6f6f6fWall Street Journal/font/b/fontbr /font size=-1Market participants expect these bauctions/b to go well given investors recent preference for higher-yielding, long-maturity Treasurys. b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHq7NDD3KxSTH5BUNYEKfYSJ3YMTQamp;url=http://online.wsj.com/article/BT-CO-20100712-708650.htmlTreasury Manages Trillion Dollar Debt Sales, One Auction At A Time/afont size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNE0gaQpHzOAnsby2-xBZSmfKKNREAamp;url=http://www.businessweek.com/news/2010-07-14/treasuries-rise-after-minutes-show-fed-saw-risks-to-recovery.htmlTreasuries Rise After Minutes Show Fed Saw Risks to Recovery/afont size=-1 color=#6f6f6fnobrBusinessWeek/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHwrHr_Bie1LARb5AtJmipZj8PY9gamp;url=http://online.wsj.com/article/BT-CO-20100713-711044.htmlTreasury Prices Fall; Stock Rally Saps Demand On 10-Yr Auction/afont size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNH1Kj3Pou0R1rNWHOym0KtJrNiezQamp;url=http://online.wsj.com/article/BT-CO-20100713-710312.htmlnobrWall Street Journal/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHSHbBNCSoE67Xo6Bz2w2iuAU_e7wamp;url=http://www.reuters.com/article/idUSN1325814020100713nobrReuters/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGfBffHzrTlR_CtmusrHAMIkJCpJgamp;url=http://www.bloomberg.com/news/2010-07-12/treasury-notes-rise-as-stocks-futures-decline-spurring-demand-for-safety.htmlnobrBloomberg/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=d7n7A2-iTlkJQ9MM-tu3gYjX7kELMnobrball 342 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGeQTcZAyMRXIGC8wPveqzyVL_ulwamp;url=http://www.sheknows.com/articles/816626/teresa-giudice-auctions-off-possessions-1img src=http://nt1.ggpht.com/news/tbn/lYROXl7r8Ed19M/6.jpg alt= border=1 width=80 height=80 /br /font size=-2SheKnows.com/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGeQTcZAyMRXIGC8wPveqzyVL_ulwamp;url=http://www.sheknows.com/articles/816626/teresa-giudice-auctions-off-possessions-1bTeresa Giudice bauctions/b off possessions/b/abr /font size=-1bfont color=#6f6f6fSheKnows.com/font/b/fontbr /font size=-1Want to own a piece of The Real Housewives of New Jersey history? Teresa Giudice of Bravo#39;s hit reality series is reportedly auctioning off her belongings. b.../b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=d7ABneOd_5DmIvMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table Google News |
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