An ordinary aluminium number plate which is actually valueless is raking the moolah.Yes it is riding high on a multi million dollar note.So now can you imagine an ordinary number plate becoming an overnight sensation only for the number is holds.You can be rest assured that the license plate is indeed not made of any gold or diamonds for it to fetch such a high price.It is only the fancy numbers that setting the gimmicks high.
The oil-rich cities of the Persian Gulf are driven by car culture, with relatively few pedestrian areas or public transport options. Vanity plates are a matter of personal pride and indulgence.
The value of a plate depends on a a mix of math and emotional appeal. Normal license plates have 5 randomized numbers. From there, they get more expensive. Prices go up for fewer digits and cooler numbers. Number one is considered the most prestigious.
As the top officials at Emirates Auction quote that 1 to 10 are the most expensive lot and ten to 99 form the second category.The other side are the numbers like 11,99 which are also most sought after numbers because they carry repeated digits.
A businessman named Saeed Abdul Ghafour Khouri paid 52.2 dirham ($14.3 million) for the local license plate labeled "1" at an auction at the 7-star Emirates Palace Hotel in Abu Dhabi, setting the world record for the most expensive license plate.Another plate with the number 5 is believed to have gone for 6.8 million dollars.Plates "5" and "7" sold for nearly 10 times the value of the luxury cars they adorn.
At Emirates Auction they make an expensive car sans a prestigious number plate valueless.They feel that the owners would change cars but would keep a license plate for a lifetime.And of course the price the owners to pay for the license plate is more than the luxury vehicle they adorn.
The previous record was held by Abu Dhabi plate number 5, bought at auction for $6.8 million by stock broker Talal Khouri.
With all the lust and luxuries news there is also some philantrophic news put in to the pipeline.In the past five auctions alone $56 million is raised for charity and that has been for the 393 plates.
So this record for the most expensive license plate could also be termed as the most of the money raked in a plate auction.
The most expensive license plate was set by Emirates Auction chief Abdulla al Mannaie for $14.3 million(52.2 dirham) which was bought by Abdul Ghafour Khouri at a 7 star Emirates Palace Hotel in Abu Dhabi,United Arab Emirates.
The record was accomplished as a world record at Teheran,Iran on April 30,2008.
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