Number Reg Plate Sells For Record Price At Auction
Reg Plates ArticleNumber 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 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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