Bahrain 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.
When you are getting a valuation for your private registration number, think about the fact that certain types of number plate match will lead to much higher worth. These include plates that represent names, initials, models or makes of cars, or words.
The rarity and desirability of any combination of letters and numbers on a registration plate will essentially determine its value on the market. Bear in mind that there is only one version of every number plate in existence, so each is basically rare because it’s unique. But its value requires more than that exclusivity, it must also be worth something to somebody else. People will pay more for a good representation of their name than they will for an average representation of their initials, for instance, so how well a number plate depicts the word, interest, name or initials in question can add or subtract £hundreds or even more from its price tag.
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