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.
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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