A Ford Escort given to Princess Diana by Prince Charles months before their wedding has sold at auction.
The MkIII Ghia 1.6L went under the hammer on Tuesday, with a museum in South America offering a winning bid of more than £52,000 ($72,000).
The car was gifted to the late royal by the heir to the British throne as an engagement present in May 1981, two months before they married at London's St Paul's Cathedral.
The Ford Escort, which had 133,576 kilometres miles on the clock, was bought at a virtual sale held by the UK's Reeman Dansie Auctioneers. It will be shipped to the yet-unnamed museum in South America.
The silver Ghia saloon was often driven by Princess Diana in the early days of her relationship with the Prince of Wales, and she was famously photographed inside it as she once watched Prince Charles play polo.
The royal, who died in a car crash in Paris in 1997, stopped using the vehicle in 1982, and it was later bought by an antiques dealer. For the past 20 years, it has been owned by a British woman who kept its origins under close wraps.
"Of course I knew when I bought it that it once belonged to Princess Diana. That is why I wanted it. I was a big fan of hers," previous owner Tina Kirkpatrick said ahead of the auction.
"I have driven it around as a second car ever since. A lot of people asked me why I had it and I used to tell them that it was my first car I passed my test in and that I was attached to it. I felt that its history and provenance were so unique and I didn't want many people knowing."
The 1981 model features a silver frog on its bonnet, a copy of the original mascot given to Princess Diana by her sister, Lady Sarah Spencer. It also boasts its original registration plate – WEV 297W – as well as its original paintwork, radio and upholstery.
Reeman Dansie had estimated that the car would fetch between £30,000 and £40,000. With fees, the final selling price was £52,640.
"The interest has been considerable pre-auction," auctioneer Lewis Rabett said.
"Ending up in South America is testament to the level of interest globally that there's been in the car. It's also testament to Diana and her enduring legacy."
Another of Princess Diana's cars, an Audi convertible, sold last year for £58,000.
The royal, who would have turned 60 on Thursday, July 1, will be honoured this week with the unveiling of a statue at Kensington Palace.
Her sons, Princes William and Harry, are set to reveal the piece, which has been created by artist Ian Rank-Broadley, at the palace on the anniversary of her birthday.
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Asia Cup Qualifier
Final
UAE v Hong Kong
Live on OSN Cricket HD. Coverage starts at 5.30am
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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