Bahrain Number Plate Auctions
Manama, Nov. 26 (BNA): As part of the expansion of its business activities, Mazad has announced that it will allow individuals to privately auction number plates. Number plate auctions will be organised in partnership with Arabian Auctions.
Mazad highlighted that these fully regulated auctions present an exciting opportunity for Bahrainis to buy or sell distinctive number plates.
Mazad in partnership with Arabian Auctions, carried out its first auction of private vehicle number plates on the 13 April 2017. During that auction, more than forty purposely developed number plate combinations were sold, marking the launch of a new business sector and further demonstrating that Bahrain is a key source of commercial innovation in the region.
Parties interested in submitting their number plates for future auctions are encouraged to contact Mazad by 9 December.
AJMAN: The vehicle number plate (2) led bids in the public auction for distinguished Ajman vehicle number plates organised by “Emirates Auction” Saturday night, fetching in a whopping Dhs1.650 million..
The number plate (2) was sold for Dh1.650million and is among 50 distinguished Ajman number plates sold at the auction from category (H), which was launched for the first time in Ajman.
The auction, which was held at Bahi Ajman Palace Hotel, managed to raise Dh9.131 million after a fierce competition took place between bidders in order to win the best vehicle number plates that appealed to them. The auction was attended by more than 850 patrons, while the number plate (2) received the highest number of bids before being sold forDhs1.650 million.
The number plate (10) recorded the second highest bid in the auction with Dh 695,000, while the number plate (11) came in third with a winning bid of Dhs 660,000. On the other hand, the number plate (69) witnessed the second highest number of bids and was bid on 20 times before being sold forDhs530,000, followed by the number plate (21) which recorded11 bids before being sold for Dh460,000.
Abdulla Matar Al Mannaei, Chairman and Managing Director of Emirates Auction, stated that the auction has achieved great success both in terms of attendance, competitive environment, sales and customer satisfaction.
Al Mannaei added that the organization of this auction in Ajman is part of the framework of cooperation and coordination with the respective authorities in the Emirate, whom are eager to ensure the satisfaction of vehicle number plate buyers and enthusiasts, and meeting their needs and expectations, by offering a variety of different numbers that appeal to different tastes.
Al Mannaei congratulated the winners of the auction, which compromised of the first batch of distinguished vehicle number plates of category (H) in Ajman. He also stressed that several auctions will be organized in the future on vehicle number plates from this new category, which is available for sale exclusively through online and public auctions.
Other prominent vehicle number plates that drew the attention of bidders at the auction include the number (999)which sold for Dh 400,000, the number (123) which sold for Dh280,000, and the number (101) which sold for Dh230,000.
The 4 double-digit number plates in the auction were sold for Dh2.345 million, while the 14three-digit number plates were sold forDh2.615 million. The 14 four-digit number plates were sold for Dh1.078m, and the 17 five-digit plates were soldDh1.443 million.
Remember that, despite valuations and estimates, a private number plate is only worth as much as someone will pay for it. You may have loved your personalised number plate because it contains your initials, for example, but if there aren’t many other people with your initials, the plate’s value may be minimal. On the other hand, if you have a plate whose letters contain common or popular names, you may well find that it is in high demand on the market.
Some criteria to consider when valuing a personalised car number plate
Take into account the following criteria when trying to come up with a valuation for your private number plate. You need to look at them all together if you want a realistic price, so you can’t just pick and choose the factors that favour your number plate!
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