Another UAE Number Plate Makes Record Price At Auction
Reg Plates ArticleAnother UAE Number Plate Makes Record Price At Auction
Number plate R 111 was the biggest attraction at the Roads and Transport Authority’s (RTA) 96th licensing open plates auction held on Saturday, bagging Dh2.65 million.
The popular auction that generated a revenue of Dh24.8 million had 80 unique number plates up for grabs.
Ahmad Behroozian, CEO of RTA’s Licensing Agency, said that the Dh24.8 million revenue raised from the auction reflects the remarkable popularity of the event.
Other big catches at the auction were F-999 that went for Dh1.06 million, while M-7777 and N-1000 bagged Dh800,000 each.
“The auctions organised by the RTA are characterised by transparency and enthusiasm. They measure up to the aspirations of customers who seek exclusivity in this regard. Such auctions suffice the needs and aspirations of number plate enthusiasts,” said Behroozian.
Last October, Indian businessman Balwinder Sahani created history when he bought the number plate D-5 for Dh33 million, which remains the most expensive number plate in Dubai.
However, in December another single digit number Q-2 was up for grabs, which surprisingly found no buyer.
The last in the series of single digit plates, the plate was offered at a base price of Dh33 million.
RTA’s open number plates auctions draws huge crowds, mostly from enthusiastic young Emiratis as well as seasoned collectors, generating huge revenue for the authority.
How popular any name or initial it contains is: You are more likely to get good money for a registration plate that spells out a name like 5UE than you are with a more unusual name, simply because there is more demand for Sue (or Dave or Mel) than there would be for Hector, Primrose or Zebedee
How valuable the letters and numbers the plate contains are: in terms of numbers, lower numbers with fewer digits tend to be the most valuable when reselling personalised number plates, making BOB 1 more valuable than BOB 379. Sequential numbers (123, 456 etc.) and repeated numbers (444, 88) are more popular than random combinations, and special occasion numbers like 18 and 21 can also boost a number plate’s value a little. In terms of the letters in a number plate, the likelihood of a series of letters being a name or a person’s initials increases the value of the plate, too.
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