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Melissa Caddick’s expensive artwork, jewelry and designer ball gowns were up for auction

The designer clothes, priceless diamonds and bizarre precious works of art that used to belong to notorious con artist Melissa Caddick have gone under the hammer.

Keen bidders thronged the high-priced assets after Bruce Gleeson and Daniel Soire of Jones Partners secured permission to auction the items.

Nearly 60 items will go under the hammer in several auctions over the coming weeks, with the first pieces from Caddick’s diverse and eclectic art collection.

Four works of art were sold Tuesday night for a combined $48,000, with proceeds earmarked for compensation to the victims of Caddick’s infamous Ponzi scheme.

The designer clothes, priceless diamonds and precious works of art that formerly belonged to notorious fraudster Melissa Caddick (left) have been sold at auction

A hand-painted aluminum cutout featuring a pair of bikes by artist David Gerstein with a pair of bikes selling for $11,000, double the $4,000 list price

A hand-painted aluminum cutout featuring a pair of bikes by artist David Gerstein with a pair of bikes selling for $11,000, double the $4,000 list price

A hand-painted aluminum cutout featuring a pair of bikes by artist David Gerstein with a pair of bikes selling for $11,000, double the $4,000 list price

A hand-painted aluminum cutout by artist David Gerstein depicting a pair on bikes that sold for $11,000, double the $4,000 price list.

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

A brightly colored 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 possessions, an 18-carat white gold, black sapphire and diamond necklace, will be sold at future auctions.

More of the conwoman's most expensive possessions, an 18-karat white gold necklace with black sapphire and diamonds (pictured), will be sold at future auctions

More of the conwoman's most expensive possessions, an 18-karat white gold necklace with black sapphire and diamonds (pictured), will be sold at future auctions

More of the conwoman’s most expensive possessions, an 18-karat white gold necklace with black sapphire and diamonds (pictured), will be sold at future auctions

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

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

The painting that brought in the highest price was Giraffes and Wet Season by artist John Olsen for $24,000 – below the price list of between $25,000 and $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

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

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

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

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

Some of the businesswoman’s expensive dresses, created by designers such as Christian Dior and Oscar De La Renta, will also go under the hammer, including a black Chanel wool coat worth up to $1,200.

Auctioneers have 58 designer items to sell, with more auctions taking place on December 5 and 6 with proceeds going to Caddick’s victims, who were scammed for a combined $23 million.

Melissa Caddick's collection of designer clothes, handbags and artwork (pictured with Anthony Koletti) goes under the hammer with the money going to the scammer's victims

Melissa Caddick's collection of designer clothes, handbags and artwork (pictured with Anthony Koletti) goes under the hammer with the money going to the scammer's victims

Melissa Caddick’s collection of designer clothes, handbags and artwork (pictured with Anthony Koletti) goes under the hammer with the money going to the scammer’s victims

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

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

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

“The sale of these items is another important step in making Ms. Caddick’s suspension of payments a reality,” auctioneer Gleeson said.

“As previously announced, we are delighted to offer these luxury items for sale before Christmas 2022 with the support of our auctioneers and look forward to achieving the best results possible.”

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

In February, a Mercedes-Benz and an Audi sports car owned by the pair went up for auction for a combined price of more than $360,000.

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

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

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

Mr. Koletti's blue convertible Audi R8 V10 with custom number plate sold 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 sold 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 sold 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 $5,600 white gold onyx cufflinks, 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 home in Dover Heights 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 the Australian Federal Police raided the mansion.

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

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

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