Number Reg Plate Sells For Record Price At Auction
Sharjah: Fierce bidding at a Sharjah Police licence plate online auction raked in Dh3.4 million for a single plate numbered “15”, said Sharjah Police.
In total, Dh9.8 million was raised from the auction of 100 unique number plates.
Organised by Sharjah Police in collaboration with Emirates Auction from March 27 till April 1, the auction attracted the attention of bidders from across the UAE and beyond.
The online auction witnessed intense bidding on 100 unique number plates, including a pair of two-digit plates: 15 and 66, nine three-digit plates: 120, 121, 200, 202, 221, 313, 660, 801, 888, and 44 four-digit plates, featuring unique combinations such as: 2222 and 5000, in addition to 45 five-digit plates.
The highest bid on two-digit number went to plate number 15, which recorded Dh3,4 million, while plate number 66 recorded Dh1,2 million. The highest price for three-digit numbers went to plate number 888, which recorded Dh700,000.
The four-digit plate number 2222 was sold for Dh600,000 and the highest paid for a five-digit plate (66666) was Dh559,000.
Plate number 200 sold for Dh382,000, while the lowest bid went to plate number 89100 which sold for Dh6,000
The auction was viewed by 500,102 people via Emirate Auction’s mobile app and website.
How close a series of letters or numbers are to a real name of word: if the match quality is high (and the numbers and letters are very convincing in making a popular word), the value of the registration plate will be higher. This means that a match like 5IMON, for the name Simon, will be worth a lot more than a more obscure set of letters and numbers that are not as convincing a match, such as S17 MMM for the name Sam.
The style of the plate: this means establishing if it is a new-style plate, an older-style format or if it is dateless or Irish, for instance. Other options are that it is a prefix-style plate or a suffix-style plate. New-style number plates, which have been produced since 2001, tend to be the least valuable because they are a bit less appealing to some collectors, plus the rule about not having plates that are newer than your car can also come into play, putting people off from buying a newer-style plate for their older car. Prefix-style number plates, which were in production between 1983 and 2001 can be more popular as more vehicles are entitled to have those licence numbers, and they may have fewer characters in total. Suffix-style plates, issued from 1963 to 1983 are relatively rare, which means they can attract higher prices than prefix-style plates and newer designs. Dateless number plates, also known as cherished number plates, were produced between 1903 and 1963 and are nearly always the most valuable number plate configurations; they have fewer digits and their dateless nature means that people can hide the age of their car. Irish number plates are similar to dateless number plates, especially because they don’t have a year identifier. They also tend to be cheaper than other types of vehicle registration plates.
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