Buying Number PlatesOne of the pastimes of the rich in the United Arab Emirates is bidding and buying car number plates.
The auctions are held each month with a margin of the proceeds going to a good cause.
A total of Dh23 million ($6.25 million) was paid out this month for the 105 number plates offered at Dubai’s 62nd auction.
Top Prices This Month
The top price paid this month was Dh1.39 million ($378,600) for number plate ‘G60’ (the less and lower the digits the more expensive the plate).
The second price was Dh1.3 million ($354,000) for ‘G27’.
The third price was Dh1.25 million ($340,500) for ‘H90’.
The fourth price was Dh1.18 million ($321,400) for ‘G45’.
Record Price
Dh1.39 million is not quite as high as the Dh52.2 million ($14.2 million) which was paid in February 2008 for ‘1’ and entered into the Guinness book of World Records as “the most expensive number plate.”
Expensive Hobby
Despite talk of a financial recession the rich still seem to have pots of cash to spend on their number plate fetish.
Dr Geoff Pound
Image: Some of the most expensive car number plates in the world.
