Bahrain First Reg Plates Up For Sale By Auction
Reg Plates ArticleBahrain First Reg Plates Up For Sale By Auction
Bahrain to introduce private number plates for auction on the 08/04/2017
Manama, Ministry of Interior Undersecretary Shaikh Nasser bin Abdulrahman Al Khalifa, today announced that as part of the directives of Interior Minister Lt-General Shaikh Rashid bin Abdullah Al Khalifa, work is underway to introduced special new private vehicle number plates in the Kingdom’s first auction of registration plates.
He stressed that this step is in line with the Kingdom’s commitment to the principles of competitiveness, fairness and sustainability.
The first auction of number plates will be administered by a government company in which the revenues will be referred to the Ministry of Finance. Following the sale of vehicle number at the auction, the General Directorate of Traffic will issue a certificate of ownership to the buyer.
The Interior Ministry Undersecretary clarified that private vehicle number plate already in circulation will remain the property of their current owners, as all the numbers that will be auctioned are new. He said the new auction would provide a simple and accessible for any individual to acquire a private vehicle number plate.
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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