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Three Bid on Marcos Mercedes

December 4, 1986

MANILA, Philippines (AP) _ A Malaysian prince, a Japanese petroleum magnate and a U.S.-based Filipino businessman have bid for a Mercedes Benz 600 limousine that was owned by ousted President Ferdinand E. Marcos, a presidential palace aide said today.

Mariano Pineda, director of Presidential Security Transport, told reporters the stretch limousine is one of 13 luxury automobiles that President Corazon Aquino’s government has put up for sale to generate funds for the financially strapped government.

The 13 cars include two Rolls Royces as well as Cadillacs, Lincoln Continentals and Mazeratis. They were among an estimated 70 cars assigned to the office of the former president, and have been recovered since Marcos fled to Hawaii following a civilian-backed military revolt in February, Pineda said.

He said about 30 of 40 Mercedes Benzes assigned to the former president’s office have not been recovered. Some of the official cars assigned to Marcos were given to friends and some not recovered are believed to be in the provinces, he added.

Pineda would not disclose the names of the bidders but said the Malaysian prince had offered to pay $100,000 for the Mercedes, the Japanese businessman had bid about $120,000 and the Filipino businessman had $160,000.

The car has not yet been offered to any of the bidders, Pineda said.

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