It was given to Moya Smith, a royal staffer, who preserved it with cling film and dated it July 29, 1981.
After a flurry of bidding from across the world the cake piece was sold Wednesday to buyer Gerry Layton for several times over its estimated price of 300 to 500 pounds.
“I thought I would like to add it to my estate, which will be going to charity after my death,” he said. “I also thought that I could put it up as a raffle prize with some of the money going to Centrepoint, which Princess Di was patron of.”
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