dodi fayed

EXCLUSIVE: Former Harrods Owner Mohamed al Fayed Sells Off His Rolls & Ferrari Collection

Filed under: Luxury Cars & Autos, Auctions, The Classicist, Wealth

Last summer we reported that Mohamed al Fayed had sold famed London department store Harrods to Qatar's royal family for $2.2 billion. Now the ultra-rich businessman, equally well known as the father of the late Princess Diana's lover Dodi Fayed, is selling off his incredible car collection, featuring stunning custom classic Rolls-Royces, Ferraris and more. There are ten cars in all from al Fayed's collection starring in Bonhams' Paris sale of Motor Cars at the Grand Palais on Feb. 5 - chief among them being the 1965 Ferrari 330 GT 2+2 originally owned by John Lennon, expected to fetch up to $220,000, which we can now exclusively reveal comes from al Fayed's collection and was in fact owned by Dodi Fayed.

Next up are a remarkable pair of classic Rolls-Royce motorcars which al Fayed has refinished in custom Harrods Green livery, one with a royal pedigree. The 1963 Rolls-Royce Phantom V Limousine (above) was the property of H.R.H. Prince Edward, Duke of Kent until al Fayed acquired it in 1996, and is expected to fetch up to $200,000. The Duke of Kent's Rolls, which was originally painted black, still has its blue bullet lamp on the roof signifying Royal ownership. There's also a matching Harrods Green 1969 Rolls-Royce Phantom VI Limousine, estimated at up to $240,000. Read on for the full list of al Fayed's cars being offered for sale, including several other Ferraris:

Gallery: Mohamed al Fayed's Car Collection at Bonhams

Ex-Duke of Kent 1963 Rolls-Royce Phantom V

Tags: auctions, Bonhams, British royalty, classic cars, department store, Dodi Fayed, Ferrari, Harrods, London, mohamed+al+fayed, mohamedalfayed, Mohammed al Fayed, Paris, Princess Diana, Rolls-Royce, royalty, UK

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Al Fayed Receives Modest Payout In Princess Diana Case

by Deidre Woollard (RSS feed) —

There's an intriguing update in the Princess Diana story. The AFP reports that a French court has ordered the authorities to pay Mohamed Al Fayed, the owner of Harrods department store and the father of Dodi Fayed, 5,000 euros over an inquiry into the car crash that killed Princess Diana, Dodi Fayed and their driver Henri Paul in Paris. Since the accident in 1997, Mohamed Al Fayed has claimed that the accident, which was caused when Paul attempted to elude paparazzi photographers, was part of a murderous plot.

In 2007, Al Fayed brought a case against the French state after a judge dismissed a challenge to the original inquest ruling which stated that the crash had been caused by the fact that Henri Paul was driving drunk. Al Fayed claim that the case had been slowed down by mistakes made by the judge in charge. This week the court ruled that court authorities were responsible for the problems had delayed that case several years and so Al Fayed is owed 5,000 euros compensation plus 3,000 euros in legal fees. It's a drop in the bucket for the billionaire department store owner but Al Fayed has said that he is delighted because the verdict shows that there has been a cover-up.

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Tags: dodi fayed, DodiFayed, henri paul, HenriPaul, mohamed al-fayed, MohamedAl-fayed, princess diana, PrincessDiana