Melissa Caddick’s designer clothing and luxury clothing auctioned off before Christmas
A Cartier watch, Balmain dress and diamond earrings are among the designer goods owned by conwoman Melissa Caddick to be auctioned off before Christmas.
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More of missing conwoman Melissa Caddick’s personal items – including jewellery, designer clothing and luxury goods – will be sold before Christmas to as liquidators continue to recover funds from her Ponzi scheme.
The 49-year-old has not been seen since she left her $15m Dover Heights mansion without her phone, wallet or keys on November 12, 2020.
She was declared dead four months after her disappearance in February 2021 when a decaying foot was found on a beach 400km south of Sydney.
Since her disappearance, court-appointed receivers Jones Partners have unravelled the conwoman’s scam.
Court documents reveal the items to be sold include a Dior stainless steel bracelet watch, “round brilliant diamond cluster ring”, a Cartier Panther bracelet watch, Canturi diamond star studded earrings, Canturi cubist diamond bracelet, Tag Heuer steel and black ceramic bracelet watch and a Louis Vuitton wristwatch.
There are also diamond rings, sapphire and diamond necklaces, a diamond ice bracelet, designer gentlemen’s watches, Gucci silver heart earrings and a Louis Vuitton ring.
The clothes to be auctioned off include a Balmain dress, Saint Laurent sandals, Louis Vuitton and Chanel tops and multiple Christian Dior items.
“We have appointed Smith & Singer to assist us in selling jewellery, Shapiro to sell designer clothing, luxury goods and artworks and Pickles to sell the general household items,” Bruce Gleeson, Principal at Jones Partners said.
The auction houses are working to have the majority of items sold before Christmas.
Mr Gleeson said it was another “significant step” and the firm is making progress in advancing other key recoveries concerning the liquidation of Ms Caddick’s company, Maliver.
Lawyers representing the receivers, Ms Caddick’s husband Anthony Koletti and her parents appeared in the Federal Court on Monday, just days after it was revealed her Dover Heights home was sold for an undisclosed amount.
The court was told commercial household items taken from the Dover Heights property were going to be “disposed of” and donated to charity.
Further items were to be returned to their rightful owners, including Ms Caddick’s parents.
It comes days after Mr Gleeson announced the sale of Ms Caddick’s home.
“Following a successful expressions of interest campaign, we confirm the receivers have accepted an offer for the sale of the Dover Heights property,” he said in a statement on Friday.
The home sold three days before expressions of interest were due to close for the five-bedroom home in Wallangra Rd.
“Contracts were exchanged this afternoon, with a settlement period of 12 weeks,” Mr Gleeson said.
The price of the Dover Heights property will not be disclosed “until settlement has occurred”, according to Mr Gleeson; however, it’s believed the liquidators were hoping to receive $10m for the home.
“We believe the sale price achieved is a strong result, given the current market conditions and will make a significant contribution towards the pool of funds available for investors,” he said.
“We are very pleased with the outcome of the sales campaign and the interest received from prospective purchasers.
“We are also continuing our efforts to progress realisation of other receivership property such as the jewellery and designer goods and will provide a further update on such aspects very soon.”
Liquidators are attempting to recover more than $23m that Caddick misappropriated from clients, who included family and friends, between 2012-19.
Since their lengthy battle in the Federal Court to recover the money, receivers have asked Justice Brigitte Markovic to approve payments to them of $393,648.31 and $95,676.46.
“The remuneration and the costs and expenses be paid from the receivership property, including from the receivers’ trust account,” court documents stated.
If approved, the money is expected to come out of the proceeds from Ms Caddick’s extensive assets, including the home, designer clothes, lavish jewellery and artwork.
The money will go to the receivers before her 74 victims are paid the $23.5m that is owed to them and then to her mortgage.
Originally published as Melissa Caddick’s designer clothing and luxury clothing auctioned off before Christmas
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