Record Auction Price For KL 01 CB 1 Reg Number Plate
Reg Plates ArticleRecord 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.
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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