Geoffrey Edelsten proposes to Gabi Grecko at the 2014 Melbourne Cup

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Model talk in the marquee

Mumm champagne party ambassadors Bambi Northwood-Blyth, the Stenmark twins and Alexandra Agoston celebrate the Melbourne Cup with caviar and a chat with columnist Andrew Hornery.

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They were no where to be seen on Derby Dayand rumours circulated they were not on the guest list but true to form Geoffrey Edelsten managed to create a media storm at the Melbourne Cup.

Getting down on bended knee and dressed in an unmistakable satin yellow suit, the 71-year-old proposed to his current "girlfriend" Gabi Grecko who appeared to be wearing her Maleficent outfit from Halloween.

Within minutes the pair were inside the feted Emirates marquee - Edelsten's strategy paying off handsomely.

Blake Garvey and Louise Pillidge attend the Swisse Marquee on Melbourne Cup Day at Flemington Racecourse on November 4, 2014 in Melbourne, Australia. Click for more photos

Melbourne Cup 2014: Celebrities mingle in the Birdcage

Famous faces in the plush marquees. Photo: Getty

There was no mention of his bankruptcy proceedings which are underway.

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Good luck with that one Geoffrey, let's hope it is more successful than his marriage with ex-wife Brynne.

Geoffrey Edelsten is wearing a canary yellow satin suit, his bride to be appears to still be in in her Halloween costume ... ��� Sir Hornbag (@hornery) November 4, 2014

Model Gigi Hadid, who is the daughter of Real Housewives of Beverly Hills star Yolanda Foster, arrives at Flemington.

Model Gigi Hadid, who is the daughter of Real Housewives of Beverly Hills star Yolanda Foster, arrives at Flemington.

Meanwhile, with a clutch of models handling festivities, things are bound to go off inside the Mumm marquee where the French Champagne house hosted an $8000 a head brunch this morning, complete with caviar flown in from Dubai.

Some guests, including model twin brothers Zac and Jordan Stenmark, couture model Alexandra Agoston and model-turned-socialite Bambi Northwood Blyth were a little bemused by the dollops of expensive fish eggs being slathered on their hands.

Inside Lavazza's marquee (one of the few with air conditioning which will no doubt come in handy as the temperature climbs to a forecast 29 degrees at Flemington), WAGs Nadia Bartel and Rebecca Judd have arrived, swanning about with their skinny lattes.

Francesca Packer Barham arrives with her mystery date.

Francesca Packer Barham arrives with her mystery date. Photo: Andrew Hornery

Lavazza is also where Ty Woods, son of Rolling Stoner Ronnie is due to spend the day, though the rumour is the entire band is heading to Flemington with Keith Richards tipped to present the Cup this afternoon. That is if he isn't drinking out of it.

Having a great #melbournecupday at the hotel ~ Got any tips?! ��� Ronnie Wood (@ronniewood) November 4, 2014

Model of the moment Gigi Hadid, daughter of Real Housewives of Beverly Hills star Yolanda Foster arrived wearing a hot pink Alex Perry cocktail dress before young Packer heiress, 19-year-old Francesca Packer Barham, daughter of Gretel, posed outside the Emirates marquee with a mystery date, who is believed to be former University of New South Wales Law Society President, Benjamin Heenan.

Foreign Minister Julie Bishop with Perth property developer Rhonda Wyllie.

Foreign Minister Julie Bishop with Perth property developer Rhonda Wyllie. Photo: Andrew Hornery

Designer Leona Edmiston was dressed appropriately for with a run in with Mick Jagger sporting a hot lips inspired headpiece, sadly the only sign of the aging rockers was the appearance of Ronnie's son, Ty.

"I didn't realise it was this big," he said.

Frances Abbott, wearing her favourite Australian label By Johnny, made an appearance with her beau Lindsay Smith. As did Foreign Minister Julie Bishop wearing Armani. Ms Bishop flew the flag for her home state, WA, and wore Kailis Pearls and a headpiece by Broome milliner Hats by Felicity. In between rubbing shoulders with the racing and corporate fraternities, she also caught up with Perth-based socialite and property developer Rhonda Wyllie. Ms Wyllie is engaged to former Channel Nine boss and prominent media lawyer Jeff Browne.

Prime Minister Tony Abbott's daughter, Frances with her partner Lindsay Smith.

Prime Minister Tony Abbott's daughter, Frances with her partner Lindsay Smith. Photo: Andrew Hornery

The Bachelor Blake Garvey and partner Louise Pillidge, kitted out by Harris Scarfe, made their first public appearance after making their high-profile relationship "Instagram official"on Monday.

On Saturday, Garvey was accompanied by Pillidge's father to Derby Day where he narrowly avoided an awkward encounter with his ex-fiancee Sam Frost in the Swisse marquee.