Opinion
Why Melissa Caddick’s discount jewels were bad value for her victims
Gabriella CoslovichSaleroom writerThe Melissa Caddick name did nothing to deter buyers from snapping up the missing con woman’s diamond and gem-studded jewellery collection in Sydney last week.
Bidding was fast and furious at the Smith & Singer auction with all 54 lots sold – a 100 per cent clearance rate is unheard of in jewellery sales. The auction raised a total of $720,800 on the hammer, double its low estimate of $411,700 – or 175 per cent by value.
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