Fraudster Melissa Caddick’s luxury wardrobe sold at auction for $800K


The sell-off of missing fraudster Melissa Caddick’s designer clothing, luxury jewellery, and expensive artworks came to an end this week, pulling in a whopping $806,000.

The court-appointed receivers in charge of the conwoman’s estate were granted permission to sell her pricey belongings in November.

The first items went under the hammer on Tuesday night, though two of the most well-known pieces did not go up for grabs until Wednesday.

An 18-carat white gold necklace with 13 black sapphires surrounded by diamonds by Stefano Canturi – called “Stella” – sold for $130,000.

Camera IconStefano Canturi 18ct Black Sapphire and Diamond necklace. Smith and Singer Credit: NCA NewsWire
Oscar De La Renta Ball Gown Picture Shapiro 1227.jpg
Camera IconOscar De La Renta Ball Gown. Shapiro Credit: NCA NewsWire
Christian Dior Limited Edition Burcak Bingol Lady Dior Bag Picture Shapiro 7364.jpg
Camera IconChristian Dior Limited Edition Burcak Bingol Lady Dior Bag. Shapiro Credit: NCA NewsWire

Ms Caddick wore the necklace – which she purchased for $370,000 in 2015 – with an Oscar De La Renta ballgown in a now-famed photo.

Another 53 pieces of jewellery were auctioned by Smith & Singer on Wednesday night.

Her collection of twelve handbags sold for almost triple their estimated price at $35,000.

A limited edition white fur Lady Dior Bag by Turkish designer Burcak Bingol was sold for $7364.

Conwoman Melissa Caddick wearing the iconic dress with her husband Anthony Koletti. Facebook
Camera IconConwoman Melissa Caddick wearing the iconic dress with her husband Anthony Koletti. Facebook Credit: Supplied

The proceeds will be used to repay the dozens of clients who claim Ms Caddick swindled them out of approximately $23m while acting as their financial adviser.

The auctioneers catalogued 58 items of designer clothing, expensive accessories and luxurious goods for sale.

The items include limited-edition handbags from labels like Chanel and Louis Vuitton and expensive gowns from red carpet designers like Christian Dior and Oscar De La Renta.

“The sale of these items is another significant step in realising the receivership property of Ms Caddick,” Jones Partners’ Bruce Gleeson said.

Balmain Double Breasted Tweed Jacket Picture Shapiro UNSOLD.jpg
Camera IconBalmain Double Breasted Tweed Jacket. Shapiro Credit: NCA NewsWire
Balmain Double Breasted Jacket Picture Shapiro UNSOLD.jpg
Camera IconBalmain Double Breasted Jacket. Shapiro Credit: NCA NewsWire
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Camera IconChanel Wool jacket sold for $3643. Shapiro Credit: NCA NewsWire

“As previously foreshadowed, with the support of our auctioneers we are pleased to offer these luxury items available for sale prior to Christmas 2022 and we are looking forward to obtaining the best possible results”.

Hundreds of thousands of dollars worth of luxury goods owned by the conwoman will be auctioned off over the next month.

Melissa Caddick MD and Financial planner, at home in Paddington. pic by Andy Baker.
Camera IconAndy Baker Credit: News Corp Australia

The auctions follow two years after the conwoman mysteriously vanished.

Ms Caddick disappeared the day after her Dover Heights house was raided by the Australian Federal Police in connection to allegations of financial fraud.

J Mendel Mink Jacket Picture Shapiro UNSOLD.jpg
Camera IconJ Mendel Mink Jacket. Shapiro Credit: NCA NewsWire
Collette Dinnigan Two Silk Dresses Picture Shapiro UNSOLD.jpg
Camera IconCollette Dinnigan Two Silk Dresses. Shapiro Credit: NCA NewsWire
Chanel Sheer Silk Blouse Picture Shapiro UNSOLD.jpg
Camera IconChanel Sheer Silk Blouse. Shapiro Credit: NCA NewsWire

She was not seen again until her foot washed up on a beach on the NSW south coast in February 2021.

It is understood the fraudulent financial adviser funnelled millions of dollars from her client’s accounts into her own bank accounts to fund her lavish lifestyle.

Christian Dior Hand Embroidered Silk Gown Picture Shapiro 1473.jpg
Camera IconChristian Dior Hand Embroidered Silk Gown. Shapiro Credit: NCA NewsWire
Christian Dior Crepe Evening Dress Picture Shapiro 982.jpg
Camera IconChristian Dior Crepe Evening Dress. Shapiro Credit: NCA NewsWire
Collette Dinnigan Two Silk Dresses Picture UNSOLD.jpg
Camera IconCollette Dinnigan Silk Dress. Shapiro Credit: NCA NewsWire

The auctions of Ms Caddick’s belongings come after her Dover Heights property was sold last month for an undisclosed amount.

“We are very pleased with the outcome of the sales campaign and the interest received from prospective purchasers,” Mr Gleeson said.

Four pieces of art owned by Ms Caddick went under the hammer earlier this year, with a combined $48,000 made off of the works.

Christian Dior Ombre Snakeskin Clutch Picture Shapiro 2577.jpg
Camera IconChristian Dior Ombre Snakeskin Clutch sold for $2577. Shapiro Credit: NCA NewsWire
Christian Louboutin The Taurus Mule Picture Shapiro UNSLD.jpg
Camera IconChristian Louboutin The Taurus Mule. Shapiro Credit: NCA NewsWire
LV Flame Twist MM Bag Picture Shapiro 4909.jpg
Camera IconLV Flame Twist MM Bag sold for $4909. Shapiro Credit: NCA NewsWire

The highest priced piece of art was a work by John Olsen, which fetched $24,000.

That was below the price guide of $25,000 to $35,000.

A unique handpainted aluminium cut-out by artist David Gerstein went under the hammer for $11,000, double the price guide of $4000-$6000.

Other items already sold include a painting by Luke Sciberras of Gallipoli for $7000 and a totem pole for $6000.



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