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Melissa Caddick’s expensive artworks, jewellery and designer ballgowns sold at auction

The designer clothing, priceless diamonds and bizarre precious artworks that formerly belonged to infamous fraudster Melissa Caddick have gone under the hammer. 

Keen bidders crowded around the expensive possessions after Bruce Gleeson and Daniel Soire of Jones Partners were given permission to auction off the items.

Nearly 60 items will go under the hammer in several auctions in the next few weeks with pieces from Caddick’s varied and eclectic art collection the first to go. 

Four pieces of art sold on Tuesday night for an combined $48,000 with the proceeds to go towards reimbursing the victims of Caddick’s notorious Ponzi scheme. 

The designer clothing, priceless diamonds and precious artworks that formerly belonged to infamous fraudster Melissa Caddick (left) have been sold at auction

A hand painted aluminum cut-out featuring a couple on bikes by artist David Gerstein featuring a couple on bikes sold for $11,000, double the price guide of $4,000

A hand painted aluminum cut-out featuring a couple on bikes by artist David Gerstein featuring a couple on bikes sold for $11,000, double the price guide of $4,000

A hand-painted aluminium cut-out by artist David Gerstein featuring a couple on bikes sold for $11,000, double the price guide of $4,000. 

The painting that fetched the highest price was Giraffes and Wet Season by artist John Olsen for $24,000 – below the price guide of between $25,000 to $35,000. 

A brightly-coloured totem pole with a large set of red lips dubbed the ‘one-eyed monster’ by one of Caddick’s victims sold for $6,000 while ‘Study of Up S*** Creek, Gallipoli’ by acclaimed Australian artist Luke Sciberras sold for $7,000. 

More of the conwoman’s most expensive belongings, an 18-carat white gold, black sapphire and diamond necklace will be sold at future auctions. 

More of the conwoman's most expensive belongings, an 18-carat white gold, black sapphire and diamond necklace (pictured) will be sold at future auctions

More of the conwoman’s most expensive belongings, an 18-carat white gold, black sapphire and diamond necklace (pictured) will be sold at future auctions

The painting that fetched the highest price was Giraffes and Wet Season by artist John Olsen for $24,000 - below the price guide of between $25,000 to $35,000

The painting that fetched the highest price was Giraffes and Wet Season by artist John Olsen for $24,000 – below the price guide of between $25,000 to $35,000 

Painting 'Study of Up S*** Creek, Gallipoli' by Australian artist Luke Sciberras sold for $7,000

 Painting ‘Study of Up S*** Creek, Gallipoli’ by Australian artist Luke Sciberras sold for $7,000

A brightly-coloured totem pole with a large set of red lips dubbed the 'one-eyed monster' by one of Caddick's victims sold for $6,000 at auction

A brightly-coloured totem pole with a large set of red lips dubbed the ‘one-eyed monster’ by one of Caddick’s victims sold for $6,000 at auction

Auctioneers believe the necklace will sell for between $80,0000 and $120,000.

Attendees with $30,000 to spare will be invited to bid on an 18-carat white gold, emerald, and diamond ring that previously belonged to Caddick. 

Some of the businesswoman’s expensive gowns made by designers like Christian Dior and Oscar De La Renta will also go under the hammer, including a black wool Chanel jacket worth up to $1,200.

Auctioneers have 58 designer items to sell with further auctions taking place on December 5 and 6 with the proceeds to go towards Caddick’s victims, who were swindled out of a combined $23million. 

Melissa Caddick's (pictured with Anthony Koletti) collection of designer clothes, handbags and artworks will go under the hammer, with the funds to go to the conwoman's victims

Melissa Caddick’s (pictured with Anthony Koletti) collection of designer clothes, handbags and artworks will go under the hammer, with the funds to go to the conwoman’s victims

Her Dover Heights mansion (pictured) was auctioned off last month for an undisclosed price

Her Dover Heights mansion (pictured) was auctioned off last month for an undisclosed price

‘The sale of these items is another significant step in realising the receivership property of Ms Caddick,’ said auctioneer Mr Gleeson. 

‘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’.

Last month, the fraudster’s Dover Heights home she shared with husband Anthony Koletti was sold for an undisclosed price, believed to be about $10million.

In February, a Mercedes Benz and an Audi sports car belonging to the couple were auctioned for a combined price of over $360,000. 

Melissa Caddick's (pictured with Anthony Koletti) extensive jewellery collection includes multiple diamond and sapphire necklaces from Sydney jeweller Stefano Canturi

Melissa Caddick’s (pictured with Anthony Koletti) extensive jewellery collection includes multiple diamond and sapphire necklaces from Sydney jeweller Stefano Canturi

Mr Koletti's blue convertible Audi R8 V10 with custom number plate was sold off at auction for $295,000. His wife, Melissa Caddick, bought it for him in 2016

Mr Koletti’s blue convertible Audi R8 V10 with custom number plate was sold off at auction for $295,000. His wife, Melissa Caddick, bought it for him in 2016

Other items believed to have belonged to Mr Koletti, including white gold onyx cufflinks valued at $5600, a $34,000 diamond ring and his $26,500 wedding band are also expected to go under the hammer. 

The auctions come two years after Caddick disappeared from her Dover Heights home in Sydney’s affluent eastern suburbs in November, 2020. 

The last verified sighting of the conwoman was when the Australian Securities and Investments Commission and Australian Federal Police raided the mansion. 

Her severed foot washed up on a beach on the NSW south coast in February, 2021. 

Caddick’s Ponzi scheme victims, mostly close family and friends, lost an estimated $23million that she used to fund her lavish lifestyle. 

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Read more at DailyMail.co.uk