Inside fraudster’s luxury $800K wardrobe

Inside fraudster’s luxury 0K wardrobe

The sell-off of lacking fraudster Melissa Caddick’s designer clothes, luxurious jewelry, and costly artworks got here to an finish this week, pulling in a whopping $806,000.

The court-appointed receivers in command of the conwoman’s property had been granted permission to promote her expensive belongings in November.

The first objects went beneath the hammer on Tuesday evening, although two of probably the most well-known items didn’t go up for grabs till Wednesday.

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

18CT WHITE GOLD, BLACK SAPPHIRE AND DIAMOND 'STELLA' NECKLACE, STEFANO CANTURI FOR CANTURI, 2015 Picture Smith and Singer.jpg
Camera IconStefano Canturi 18ct Black Sapphire and Diamond necklace. Smith and Singer Credit: NCA NewsWire
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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 bought for $370,000 in 2015 – with an Oscar De La Renta ballgown in a now-famed photograph.

Another 53 items of jewelry had been auctioned by Smith & Singer on Wednesday evening.

Her assortment of twelve purses bought for nearly triple their estimated value at $35,000.

A restricted version white fur Lady Dior Bag by Turkish designer Burcak Bingol was bought for $7364.

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

The proceeds might be used to repay the handfuls of purchasers who declare Ms Caddick swindled them out of roughly $23m whereas performing as their monetary adviser.

The auctioneers catalogued 58 objects of designer clothes, costly equipment and opulent items on the market.

The objects embrace limited-edition purses from labels like Chanel and Louis Vuitton and costly robes from crimson 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 mentioned.

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 bought 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 1000’s of {dollars} price of luxurious items owned by the conwoman might be auctioned off over the subsequent month.

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

The auctions comply with two years after the conwoman mysteriously vanished.

Ms Caddick disappeared the day after her Dover Heights home was raided by the Australian Federal Police in connection to allegations of monetary 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 once more till her foot washed up on a seashore on the NSW south coast in February 2021.

It is known the fraudulent monetary adviser funnelled hundreds of thousands of {dollars} from her shopper’s accounts into her personal financial institution accounts to fund her lavish life-style.

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Camera IconChristian Dior Hand Embroidered Silk Gown. Shapiro Credit: NCA NewsWire
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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 bought final month for an undisclosed quantity.

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

Four items of artwork owned by Ms Caddick went beneath the hammer earlier this 12 months, with a mixed $48,000 made off of the works.

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Camera IconChristian Dior Ombre Snakeskin Clutch bought 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
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Camera IconLV Flame Twist MM Bag bought for $4909. Shapiro Credit: NCA NewsWire

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

That was beneath the worth information of $25,000 to $35,000.

A singular handpainted aluminium cut-out by artist David Gerstein went beneath the hammer for $11,000, double the worth information of $4000-$6000.

Other objects already bought embrace a portray by Luke Sciberras of Gallipoli for $7000 and a totem pole for $6000.