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.
How popular any name or initial it contains is: You are more likely to get good money for a registration plate that spells out a name like 5UE than you are with a more unusual name, simply because there is more demand for Sue (or Dave or Mel) than there would be for Hector, Primrose or Zebedee
How valuable the letters and numbers the plate contains are: in terms of numbers, lower numbers with fewer digits tend to be the most valuable when reselling personalised number plates, making BOB 1 more valuable than BOB 379. Sequential numbers (123, 456 etc.) and repeated numbers (444, 88) are more popular than random combinations, and special occasion numbers like 18 and 21 can also boost a number plate’s value a little. In terms of the letters in a number plate, the likelihood of a series of letters being a name or a person’s initials increases the value of the plate, too.
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