Melissa Caddick’s luxury cars to be sold off at auction

Two luxury rides that belonged to conwoman Melissa Caddick – including one that was a favourite in the Iron Man movies – will be sold off.

Two luxury cars that belonged to missing Sydney conwoman Melissa Caddick will be auctioned off to reimburse investors who were defrauded.

The Sydney businesswoman disappeared in November 2020 shortly after her home was raided by the Australian Federal Police as part of an Australian Securities and Investments Commission investigation into her and her business.

She has not been seen since, although her decomposed foot, still encased in an Asics running shoe, was discovered on Bournda Beach near Tathra a year ago.

A notice posted by the auction firm Pickles said the cars would be sold under instructions from the accountants in charge of the liquidation of Ms Caddick’s company Maliver Pty Ltd.

An Audi R8 Plus V10 and a Mercedes Benz CLA45 AMG would go under the hammer on February 21 at 6pm, the notice said.

The Audi is a supercar that would have cost about $400,000 new.

Melissa Caddick owned an Audi of the same type that Tony Stark drove in the Iron Man movies. Picture: Pickles Auctions

Luxury cars that belonged to conwoman Melissa Caddick will be put up for auction. Picture: Pickles Auctions

It’s the same type of ride that was featured in Marvel’s Iron Man movies as driven by Tony Stark.

The Mercedes is a performance car that would have cost about $100,000 when it was new.

“This is an important step in commencing the asset realisation process in the liquidation and we are also advancing other efforts, including recovering potential tax refunds as part of the liquidation,” said Bruce Gleeson, principal at Jones Partners, which is overseeing the liquidation.

There are also plans to sell off the Dover Heights home and another property, Mr Gleeson said.

“In relation to the receivership property, which includes assets such as the Dover Heights and Edgecliff properties and share portfolios, significant work has been undertaken during December and January and we are taking legal steps to expedite the sale of these assets to progress being in a position to return moneys to investors,” Mr Gleeson said.

Melissa Caddick has been missing since 2020. Picture by Andy Baker.

Mr Gleeson has previously told reporters that it appeared Ms Caddick had tricked investors into giving her money that she used to live an extravagant lifestyle.

She was “meticulous and systematic” in the way she “lured” investors into handing over money, sometimes their life savings, he said in February 2021.

“The way that she continually represented to investors that their investments were safe, that their investments were increasing in value.

“All the investors believed that all was going well, but nothing could obviously be further from the truth.”

Originally published as Melissa Caddick’s luxury cars to be sold off at auction