DVLA Number Plate Auctions
Are you a cat lover with a few hundred quid to spare? How about a huge Dennis the Menace fan keen to show your appreciation via the medium of your motor? Well you’re in luck as the DVLA – the body in charge of car registrations in the UK – is holding 2017’s first live auction of registration numbers this week and among the plates on offer are WH15 KER ( yours for a starting price of £700) and BE11 ANO (a mere £400). The event – which starts on Wednesday – will see a total of 1,500 personalised registrations being auctioned to members of the public. The registrations on offer have been chosen by DVLA to suit all tastes, styles and budgets and range from plates that reflect names such as EL17 OTT, HA15 RRY and PA14 ULA through to quirkier offerings such as OUR 848Y, OLD 800K and YOU 105E. And fans of Harry Potter could find themselves spellbound by POT 110N which carries a reserve of £250. The agency will be aiming to build on the success of its live auction programme in 2016, which raised £25.6 million through five sales – setting a new record for a second consecutive year. Last year, the total sales of personalised registrations by the DVLA surpassed £147m, taking the total amount raised since the sales began in September 1989 to £2.4 billion. Sales by the agency suggest that interest in personalised plates has soared in recent years with a 150 per cent increase of registered bidders for its live sales since 2011. On average 9,500 customers com[pete for lots per auction. Adam Griffiths, of DVLA Personalised Registrations, said: “It’s been nearly three months since our last live sale, and I am really excited by our first sale of 2017 where some really great registrations are available to bid for. We have experienced two successive record-breaking years and, when you look through the catalogue at the registrations we have compiled for this sale, I am very hopeful that this success will continue.” He added: “Bidding in person is by far the most popular way to buy a registration and it is at the auction where you will find the real atmosphere – it’s a great day out and we make the experience as enjoyable and friendly as possible. If you can’t make it to the auction we offer free telephone, internet and absent bidding facilities”.
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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