Number Plate Auction Brings Huge Prices

The 72nd Distinguished Number Plates Auction recently organized by the Licensing Agency, Roads & Transport Authority (RTA) was a largely popular event fetching over AED16.9m in proceeds. It was held at the RTA Auditorium and was attended by various denominations of the community.

Abdul Kareem Nimaat, the Director of Vehicle Licensing said that 115 number plates were sold at the Auction, including plates for motorcycles. There was active participation from as many as 67 bidders who witnessed the sale of the event’s most expensive number plate K – 50. It fetched a handsome 1.5 million dirham.

The plate I – 26 was sold for 1.3 million dirham, the binary number G – 36 was exchanged for 1.14 million dirham, the three-digit plate K – 999 was sold for 710 thousand dirham and the four-digit plate K – 1111 was sold for 900 thousand dirham.

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• 5th Jul, 2011