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National

Melissa Caddick's luxury possessions to go under the hammer

Jewellery, art and designer clothing owned by alleged Sydney fraudster Melissa Caddick will soon go under the hammer, as efforts continue to recoup cash for investors.

If they fetch their top valued price, the items will total more than $700,000. 

This will help pay back just a fraction of the $23 million Ms Caddick allegedly stole from investors through her Ponzi scheme. 

The 49-year-old vanished in November 2020, hours after her Dover Heights home was raided by the Australian Securities and Investments Commission (ASIC). 

Ms Caddick's extensive collection of fine jewellery makes up the most significant share of the items for sale, with a maximum total value of more than $615,000. 

Some of her necklaces, encrusted with oversized gems, are worth hundreds of thousands of dollars. 

Photos from Ms Caddick's life show her wearing the luxury jewellery and clothes on multiple occasions. 

Earlier this month, Ms Caddick's husband Anthony Koletti claimed he was entitled to some of the jewellery owned by the couple. 

Mr Koletti told the Federal Court he should be allowed to keep his wedding band — an 18-carat white gold cubism ring encrusted with black sapphires. 

His request appears to have been denied with a ring matching that description included in the auction lot, valued at up to $5,000. 

Mr Koletti was married to Ms Caddick from 2013 until her presumed death, after her decomposed foot was found on a NSW beach in February 2021.

The couple's five-bedroom home in Sydney's east sold last month for an undisclosed amount. 

Mr Koletti previously told the court the property was valued between $15 million and $17 million. 

The sale of the house is also expected to go towards paying back the victims of Ms Caddick's alleged Ponzi scheme, many of whom were her family and friends. 

Ms Caddick's art pieces up for sale today are expected to fetch a maximum total of about $50,000, including a painting from Australian artist John Olsen worth about $30,000.  

Her designer clothes, shoes and bags will go under the hammer on December 7 and are expected to bring in approximately $40,000. 

A coronial inquest into Ms Caddick's disappearance heard two weeks of evidence in September

The inquest will return later this month for a further two days. 

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