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.
The process of getting personalised number plates can be confusing for people, especially those doing it for the first time. However, the amount of interest and value these letters and numbers displayed on a plate have gained in the recent years is hard to ignore.
The prices thrown around for personalised number places will make your head spin. It is at this juncture that one realizes that private Reg plates are of huge importance to many car owners, as they are more than just a combination of numbers and letters.
Most of them see personalised number plates as an accessory to the car and a rather interesting investment opportunity rather than just an item of identification.
This explains the huge amounts of money that car owners are willing to part with just to get that combination on their car. Even at auctions buyers are known to engage in supremacy battles that lead to the skyrocketing of the prices of Regplates.
Established For Over 25 Years
the Cherished Numbers Guild
- Free transfer service - your paperwork is handled by our trained team
- Over 25 years expertise - long established and trusted company
- DVLA Recognised Reseller - linked directly from the DVLA website
- DVLA Registered Number Plate Supplier - in line with all DVLA & MOT regulations