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 much similar registration plates have sold for recently and in the past: it is always worth looking at what has been going on in the private registration plate market recently to add extra weight to the valuation of your own number plate. It is a market that is not immune from trends, so keep a close eye on what has been selling well and see if your plate has any similar features
The age of the plate: older plates tend to attract higher prices and dateless number plates (the first ones ever issued) normally call for the highest prices on the market
The plate’s rarity: if a lot of similar registration plates were issued, your plate may be less valuable. So, the relative rarity of older, dateless number plates makes them more valuable, as a whole, than newer, dated plates. Similarly, having a private plate with a word or name spelled out on it gives it a degree of rarity that would raise its value.
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