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.
How much similar registration plates have sold for recently and in the past: it is always worth looking at what has been going on in the private registration plate market recently to add extra weight to the valuation of your own number plate. It is a market that is not immune from trends, so keep a close eye on what has been selling well and see if your plate has any similar features
The age of the plate: older plates tend to attract higher prices and dateless number plates (the first ones ever issued) normally call for the highest prices on the market
The plate’s rarity: if a lot of similar registration plates were issued, your plate may be less valuable. So, the relative rarity of older, dateless number plates makes them more valuable, as a whole, than newer, dated plates. Similarly, having a private plate with a word or name spelled out on it gives it a degree of rarity that would raise its value.
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