Record Auction Price For KL 01 CB 1 Reg Number Plate
A pharmacy owner in Thiruvananthapuram paid a record auction price of Rs 18 lakh for a fancy vehicle registration number plate on Monday.
In an auction held here on Monday, KS Balagopal, a native of Thiruvananthapuram clinched the number 'KL 01 CB 1' for his Toyota Land Cruiser (worth over Rs one crore) for the record amount.
Apart from Balagopal, owners of three luxury cars and a bike participated in the bidding with a base price of Rs 1 lakh. The procedure was supervised by deputy transport commissioner (south Zone), CK Ashokan, two assistant transport commissioners Padmakumar and PM Shaji, and Thiruvananthapuram RTO B Muralikrishnan.
The auction was video recorded to rule out malpractice.
On Monday, the RTO had put up as many as 27 fancy numbers for auction, which received 210 applications. For the ‘CB’ series alone, 67 applicants had turned up, said sources.
Remember that, despite valuations and estimates, a private number plate is only worth as much as someone will pay for it. You may have loved your personalised number plate because it contains your initials, for example, but if there aren’t many other people with your initials, the plate’s value may be minimal. On the other hand, if you have a plate whose letters contain common or popular names, you may well find that it is in high demand on the market.
Some criteria to consider when valuing a personalised car number plate
Take into account the following criteria when trying to come up with a valuation for your private number plate. You need to look at them all together if you want a realistic price, so you can’t just pick and choose the factors that favour your number plate!
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