Bahrain to introduce number plate auction
Reg Plates ArticleBahrain to introduce number plate auction
Bahrain will soon introduce special new private vehicle number plates thorough the auction of registration plates.
The auction of the number plates will be administered by a new government company, in which the revenues will be referred to the Ministry of Finance, said Shaikh Nasser bin Abdulrahman Al Khalifa, the Ministry of Interior Under Secretary.
He said the step, announced as part of the directives of Interior Minister Lt-General Shaikh Rashid bin Abdullah Al Khalifa, is in line with the kingdom’s commitment to the principles of competitiveness, fairness and sustainability.
Following the sale of vehicle numbers at the auction, the General Directorate of Traffic will issue a certificate of ownership to the buyer.
He clarified that the private vehicle number plates already in circulation will remain the property of their current owners, as all the numbers that will be auctioned are new.
The following list shows plates that have been sold in the past at the highest prices. Most of these were sold in auctions across the country although some were sold by the DVLA.
- ‘25’ O for £518,000.
This is the most expensive Regplates ever sold by the DVLA, and were purchased in 2014 by Ferrari dealer John Collins. The plate is currently being used on a Ferrari. The market value of the car is around £10,000,000.
- ‘F 1’ for £440,000.
This Regplate was the previous record holder for the highest price paid for a reg plate. The plate represents the initials of Formula 1 racing and was bought in 2008 by Afzal Khan, a businessman from Bradford. The plates are currently being used on his McLaren Mercedes SLR, which is quite an impressive match.
- ‘S 1’ for £404,000.
This is claimed to be the first Regplate that was ever made in Scotland. Therefore, it is both special and rare, as it is only one of its kind. The Regplates were purchased in 2008 at an auction by an anonymous bidder who said the plate would be used on an old Skoda. It’s a good investment, either to mark history or as an antique.
- ‘1 D’ for £352,000.
These initials bear a resemblance to the American pop group One Direction. However, it is interesting to note that the Regplate was purchased a year before the group was even formed. Nabil Bishara, a businessman from Lebanon, purchased it.
- ‘M 1’ for £331,000.
Mike McCoomb, a businessman in the phone industry, bought this unique Reg plate back in 2006. He said the plates were meant for his son, who was 10 years old at the time of the purchase.
- FREE TRANSFER SERVICE - your paperwork is handled by our trained team
- OVER 30 YEARS EXPERTISE - long established and trusted company
- DVLA RECOGNISED RESELLER - linked directly from the DVLA website
- TRADE ASSOCIATION MEMBERS - MIRAD and CN Guild members
