Kylie Minogue’s car, which was given to her by her sister Dannii, is to be sold by British auction house Bonhams next month.

The black 1999 Mercedes-Benz SLK230 will be sold as part of the annual Goodwood Festival of Speed sale on July 2.

“We are delighted to have been appointed by the Minogue family to offer the Mercedes-Benz,” said James Knight, head of Bonhams Motoring Department.

The Atlantis Hotel on the Palm Jumeirah in Dubai opened last Thursday with a multimillion-dollar star-spangled party, and a spectacular display of lighting and pyrotechnics.

Having spent $1.5 billion, the owners of the Atlantis hotel, which they hope will become the new symbol of excess in a region already replete with towering statements of wealth, splashed out $20 million on its opening.

In the lobby of the Atlantis about 2,000 guests sipped Dom Perignon. Outside, A-list celebrities from Robert De Niro to Lindsay Lohan walked the red carpet.

Sol Kerzner, the flamboyant hotelier, is to launch his new Dubai resort with a party so extravagant that organisers claim it will be seen from space.

The event, for the grand opening of the $1.5 billion Atlantis, The Palm, will have 2,000 VIP guests. Kylie Minogue will perform – her first concert in the Middle East – and the final bill for the four-day beachside celebrations is estimated to exceed $30 million, the London Telegraph reports.

The 1,500 room resort, located on the world’s largest manmade island, the Palm Jumeirah ( which has been built to resemble a palm tree when seen from above) features 16 restaurants including a branch of Nobu, and is partially bankrolled by the Dubai Royal Family.