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A TWO-digit registration plate could fetch up to £60,000 when it is auctioned on Wednesday.
The J27 plate, which is assigned to a vehicle of ‘insignificant value’, has a guide price of £50,000 to £60,000.
It is due to be auctioned by Simon Drieu and Co at Glencoe Auction Rooms in St Lawrence from 11 am.
The auction comes a week after another number plate, J999, which had a guide price of £30,000 to £40,000, failed to sell.
A TWO-digit registration plate has sold for £73,000 at auction - making it the Island's most expensive number plate.
The J27 plate, which is assigned to a vehicle of ‘insignificant value’, had a guide price of £50,000 to £60,000.
It was auctioned by Simon Drieu and Co at Glencoe Auction Rooms in St Lawrence on Wednesday.
Last week another number plate, J999, which had a guide price of £30,000 to £40,000, failed to sell.
The UK in particular has a relationship with personalised number plates. According to estimates by the DVLA (Driver and Vehicle Licensing Agency), the UK reported an excess of two billion pounds in tax revenue from tax auctions over the past 25 years. As they are keen to state, an expression of interest in a particular plate by three people or more is enough to push the price of that Reg plate through the roof. It has also been documented that the buyers let their hearts take control of their heads when they bid for these plates.
Personalised number plate auctions are constantly rewriting the record books with regard to the highest price paid for a plate. The record currently stands at £518,000 which is quite impressive. The prices of these Regplates does not seem to be slowing down either.
Of particular interest is the recent auction of the highly-hyped 250 C Reg plate which sold for £21,500. This is a clear indication that the expectations for the prices of personalised number plates will continue to increase.
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