Personalised Number Plate Information

NUMBER PLATES:

A businessman who bought the No.1 limited edition licence plate in Abu Dhabi for Dh31 million has been sentenced to three years in jail for issuing a dud cheque to the organisers.

The Emirati man had bought the special number plate at an auction last year.

The Abu Dhabi Misdemeanour Court handed down the sentence to the Emirati man after he was found guilty of fraud and issuing a bounced cheque.

Abu Dhabi public prosecution had ordered for the detention of the 32-year-old man after organisers of the auction filed a complaint that he issued them a cheque after buying the number plate, even though he didn't have enough balance in his bank account.

Prosecutors had detained the businessman. He was charged with fraud and issuing a bounced cheque.
And during interrogation, the Emirati admitted to giving the cheque to orginisers despite being aware he didn't have sufficient funds in his account, said prosecutors.

"He said he was planning to re-sale the rare number plate at a profit so he could pay the value of the cheque to the organisers and maintain enough balance in his account," said a prosecutor.

Authorities, however, said one can only re-sale a number plate bought in an auction after one has paid the full amount and that any resale before making the payment is considered illegal.

The auction, which generated Dh99 million, was hosted by Emirates Auction in cooperation with Abu Dhabi Police on November 19, 2016 at Emirates Palace hotel to commemorate the Abu Dhabi Government's Golden Jubilee.

And the Emirati beat several bidders for the coveted plate after starting at Dh1 million. The limited-edition golden jubilee plates all featured the number 50 in the top left corner.

Fifty vanity Abu Dhabi number plates were up for grabs at the Emirates Auction event.

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As popularity grows, the prices reached for the most expensive plates are always increasing. As of 2008, the record price for a number plate is £397,500 paid at auction in September by an anonymous buyer for the plate S 1. This was originally owned by Sir John H A MacDonald, the Lord Kingsburgh and was Edinburgh's first ever number plate. Car design entrepreneur Afzal Kahn paid £375,000 on 25 January 2008 for F 1 previously owned and sold by Essex County Council and affixed originally in 1904 to the Panhard et Levassor of the then County Surveyor. £330,000 was spent on M 1, sold at auction in Goodwood on 7 June 2006.

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Record numbers of motorists are driving cars fitted with personalised numberplates amid a surge in “auto vanity”.

The Driver and Vehicle Licensing Agency sold a record 374,968 registrations last year, up 12 per cent in 12 months and almost five times the total in the mid-90s.

The trade in numberplates made more than £110 million for the Treasury in 2016-17 alone, a record annual total.

The rise coincides with an increase in the number of registrations made available by the DVLA, combined with a sharp rise in the value of rare plates over the past two decades.

In an era when we’re all supposed to be flaunting our individuality, the trend for personalised car number plates has apparently never been higher. The Driver and Vehicle Licensing Agency (DVLA), which sells new and never-issued registrations, sold 374,968 last year, an increase of 12%.

Among private dealers, who sell pre-owned plates, business is just as good.

“For the past five years, [the market has] been steadily rising.” It is thought one reason is a personalised plate makes the age of the car less obvious. But he also says social media has played a huge part. “It’s, ‘Hey, everybody, look at me’,” he says.

People post pictures of their new cars on Instagram, and adding a private plate “seems to be something that people can use to boost their social media reach”.

At the entry-level end of the market, “registrations that start at £250, on average there are 800 of those sold every day.” He says one fairly common customer is the parent who buys a personalised plate for their child on passing their driving test, to go with a new car. “My typical client would be someone in their 40s or 50s, they’ve got a bit of money sitting about and always fancied a personalised number plate.”

At the extreme end, plates can fetch more than £500,000. In 2014, one classic-car dealer bought a “25 O” plate, reportedly for his Ferrari 250 GTO, for £400,000 (the final price, including fees, was £518,000) and a “250 L” for £130,000.

“The numbers that were selling for £1,000 in 1980 now sell for £150,000. What probably changed it was in the late 80s, when the government started to sell numberplates. We in the trade all thought it would devalue the numbers, but it didn’t, it just got more people interested.”

A personalised plate is “a prestigious thing. There’s a little bit of vanity about it,” says Saperia. As for those of us who believe it’s the mark of a bit of a berk, Saperia points out that the DVLA’s sale of personalised plates “bring more than £100m every year to the treasury”.

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The number plate 1D was bought for a record £352,000 at auction yesterday.

Tycoon Nabil Bishara won it in fierce bidding and plans to put it on his wife's Bentley.

His £352,411 offer beats the previous £254,000 best for a DVLA sale, set by 51NGH in 2006. The DVLA's Damian Lawson said after the auction in Claverdon, Warks: We're absolutely over the moon."

Britain's priciest car reg is F1, bought privately for £440,625 in 2008 by Afzal Kahn of Bradford, West Yorks."

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The original NSW licence plate No. 4 sold under the hammer on Monday night for $2.45 million, setting an Australian record.

Chinese-Australian wine collector and sex toy magnate Peter Tseng bought the rare collector’s item before a crowd of 300 people at the 2017 Shannons Sydney Winter Classic Auction, who applauded when the hammer fell on his purchase.

Mr Tseng, who arrived in his red Ferrari bearing the No. 2 licence plate, is a renowned number plate collector, owning the Hong Kong-registered No. 1 number plate and a personalised licence plate “ONE” registered to his 1969 Mercedes in Sydney.

Mr Tseng is understood to have bought the 1910-registered plate from entrepreneur Steve Shelley, co-founder of workforce management software company Deputy and owner of the Burraneer mansion “Nautilus”, which won Australian House of the Year last year.

The No. 4 plates were last seen on Shelley’s dual cab ute before it was registered at the Shannons auction with a guide of $1.2 million to $1.4 million.

After an opening bid of $1 million, bids quickly rose in $100,000 lots between two buyers until Mr Tseng raised his hand at the $1.35 million level. Mr Tseng did not put his hand down throughout the auction, leaving it raised for the next 22 bids until the mystery underbidder – known only as “Ray” – dropped out.

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The original NSW licence plate No. 4 sold under the hammer on Monday night for $2.45 million, setting an Australian record.

Chinese-Australian wine collector and sex toy magnate Peter Tseng bought the rare collector’s item before a crowd of 300 people at the 2017 Shannons Sydney Winter Classic Auction, who applauded when the hammer fell on his purchase.

Mr Tseng, who arrived in his red Ferrari bearing the No. 2 licence plate, is a renowned number plate collector, owning the Hong Kong-registered No. 1 number plate and a personalised licence plate “ONE” registered to his 1969 Mercedes in Sydney.

The crowd at the number plate auction applauded when Peter Tseng made his record purchase.
The crowd at the number plate auction applauded when Peter Tseng made his record purchase.

Mr Tseng is understood to have bought the 1910-registered plate from entrepreneur Steve Shelley, co-founder of workforce management software company Deputy and owner of the Burraneer mansion “Nautilus”, which won Australian House of the Year last year.

The No. 4 plates were last seen on Shelley’s dual cab ute before it was registered at the Shannons auction with a guide of $1.2 million to $1.4 million.

After an opening bid of $1 million, bids quickly rose in $100,000 lots between two buyers until Mr Tseng raised his hand at the $1.35 million level. Mr Tseng did not put his hand down throughout the auction, leaving it raised for the next 22 bids until the mystery underbidder – known only as “Ray” – dropped out.

Peter Tseng arrived at the auction in his red Ferrari, which bears the No. 2 licence plate.
Peter Tseng arrived at the auction in his red Ferrari, which bears the No. 2 licence plate.

The sale result – at more than $1 million above the highest guide expectations – was the most expensive item sold on the night, which included car memorabilia like the 1920s Michelin Compressor and a 1924 Rolls Royce Barker cabriolet that sold for $123,000. The second most expensive item sold on the night was a 1960 Mercedes Benz Roadster 190SL for $195,000.

The $2.45 million sale result is double Sydney’s median house price and matched the recent sales of a renovated three-bedroom, two-bathroom Victorian semi on Woollahra’s Roslyndale Avenue, and a Californian bungalow also with three bedrooms on almost 600 square metres on Macpherson Street in Cremorne.

Like most single-digit number plates, the No. 4 number plate is known for its ownership providence, most notably when it was registered to the Rolls Royce of Aussie John Symond, founder and executive chairman of Aussie Home Loans.

Sources have come forward to reveal Aussie John sold the plate in late 2015 to art collector and leading Brett Whiteley art dealer Steve Nasteski in late 2015 for about $850,000.​

Mr Nasteski is another well known number plate collector, having bought as many as eight rare two-digit number plates from the late stockbroker Rene Rivkin in 2004 through Nasser Elkordi, an associate of John Ibrahim and former flatmate of radio shock jock Kyle Sandilands.

Despite Nasteski’s penchant for number plates, he sold the No. 4 plate last year to Mr Shelley for between $800,000 and $900,000.

At that level, Mr Shelley would have made a windfall of more than $1.6 million on the number plate in the 18 months he owned it.

Mr Tseng featured in the 2013 Australian documentary film, Red Obsession, narrated by Russell Crowe, which tracked the dramatic rise and fall in the price of French wines between 2011 and 2012.

Monday night’s auction is expected to set a new benchmark in the cost of single-digit plates. Mr Tseng’s purchase of the No. 2 plate set a record at $750,000 that was topped in 2008 when the No. 6 number plate sold for $800,000.

The No. 1 plate is owned by the family of the late founding chairman of Australian National Airways, Sir Frederick Stewart, who had owned it since the 1930s.

In Victoria, single-digit number plates are also investment-grade assets. The No. 1 VIC plate is owned by former Foster’s Group chief Peter Bartels.

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The three-letter scheme preserved the area letter codes as the second pair of letters in the set of three, and the single letter area codes were deleted (since prefixing a single letter code would create a duplicate of a two-letter code). In some areas, the available numbers with this scheme started to run out in the 1950s, and in those areas, a reversed sequence was introduced, i.e. 1 AAA to 999 YYY. The ever-increasing popularity of the car can be gauged by noting that these sequences ran out within ten years, and by the beginning of the 1960s, a further change was made in very popular areas, introducing 4-number sequences with the one and two letter area codes, but in the reverse direction to the early scheme (i.e. 1 A to 9999 YY). Often number plates were on hinges, as petrol tank caps were located under the number plates on some cars.

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