World's Most Expensive License Plate

by Laura Malesich (RSS feed)
Feb 18th 2008 at 2:02PM

What's in the perfect license plate number? Does it hold emotional significance, prestige or just bragging rights? Incredibly, a select few numbers placed on an aluminum license plate may bring all the above. In Abu Dhabi, monthly auctions of worthy numbers, (typically 1-10 and 11-99 are the most popular), bring high bidders and license plate collectors forward to spend millions on that perfect number. The most expensive to date was the recent sale of plate No. 1 which sold for a whopping $14.3 million sold to businessman Saeed Abdul Ghafour Khouri. The price paid for these plates is much more than the vehicle they adorn, but at least you can keep the plate and put it on the next Ferrari you own. The cool thing is that in the past five auctions alone $56 million has been raised for charity -- and that is only for 393 plates.

Tags: abu-dhabi, license-plates, no.-1-license-plate, number-one-license-plate, saeed-abdul-ghafour-khouri

Filed under: Luxury Cars & Autos, Auctions

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Reader Comments (Page 1 of 1)

Richard Feb 18th 2008 3:47PM

"(typically 1-10 and 11-99 are the most popular), "

Why not just write 1-99?

On topic though, interesting practice. I saw a video online about this. I don't understand it, but at least rich people are giving their money to charity in the process.