Number Plate Auction Record Prices
T’S happened again – and set a record: Someone paid $745,000 for the numerical NSW plate ‘29’, eclipsing the previous auction record of $689,000 paid for NSW ‘2’ back in 2003.
It also set an Australian auction record for a double-digit number plate, topping the $530,000 paid for the Victorian plate ‘21’ at Shannons Melbourne Winter Auction last July.
Other strong number plate sales were $82,000 paid for NSW ‘9191’ and $35,000 for NSW ‘85758’, taking total sales on the night for the six heritage plates on offer to $956,000.
Classic motorcycles were also hot property, topped by $37,000 paid for an ‘as new’ 1975 Norton Commando Mk3 850cc with just 29km delivery on its odometer, and a 1950s Austin J40 pedal car sold for $9300.
Other impressive results from the auction included a restored 1964 Porsche 356C Coupe which went for $137,000, a restored 1949 48-215 ‘FX’ Holden which commanded $46,000, a 1962 MGA 1600 sports car fetched $52,000 and a stately and exceptionally low mileage Mercedes-Benz 300B ‘Adenauer’ limousine first owned by the Victa lawnmower family sold for $50,000.
As well, a superbly-restored 1970 Ford XY Falcon GT sedan sold for $180,000.
A shortage of vehicle number plates has hit the Kenyan market, causing a backlog in the clearance of cars at Mombasa port.
The National Transport and Safety Authority (NTSA) attributed the shortage that started two weeks ago to increased registration of cars that has outpaced supply of number plates.
“Demand is far much higher than supply. There are just too many vehicles being imported into the country, especially second-hand cars,” NTSA director of registration and licensing.
She added that the supply issue will ease after Kamiti Maximum Security Prison, where the number plates are manually made, increases supply.
The law mandates the prisons department to make the plates.
Official data shows that Kenyans bought 15,858 used vehicles in the first quarter of the year, compared to 14,346 units in a similar period of last year, representing a 10.5 per cent growth.
It is mandatory for imported second hand vehicles to be fitted with number plates before leaving the port.
The country imports about 6,000 second hand cars monthly, according to dealers.
Dealers said that the shortage had hit them hard as they were forced to incur storage charges at the port amid cash flow hiccups due to delays as some had taken loans.
“We are incurring heavy storage charges as the cars are detained at the port despite having paid duty and customs clearance cash in advance,” said Charles Munyori, the secretary-general of Kenya Auto Bazaar Association, a lobby for second hand car dealers.
The storage charges are based on the volume of vehicles and the number of days they take at the Mombasa port or at container freight stations.
Industry insiders, however, said the number plate problem normally occurs every time a new registration number comes up as importers delay registration to take advantage of the newest numbers.
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.
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