Special Number Plate Auction: Why Do Some People Spend Millions To Get The ‘Best Number Plate In The World’?

Special Number Plate Auction: Why Do Some People Spend Millions To Get The 'Best Number Plate In The World'?
Follow NewsGulf.in on Google News

UAE In the last few days, 161 million dirhams have been raised in the charity auction of some special number plates and mobile numbers. At least eight of the world’s 10 most expensive number plates have been sold in the country. Why do some people spend millions on a vehicle plate?

According to Omar Mather Al Mannai, Executive Director of Emirates Auctions, people are becoming more aware of the value of plates and their ‘distinctiveness’. ‘This has led to an increase in the popularity and ownership of unique plates,’ he said. “We have sold 13 of the 15 most expensive license plates in the world. In fact, we now have the world record for auctioning the 3 most expensive plates. There are many reasons why people choose to buy these fancy number plates. ‘For most owners this is the personalization, uniqueness and distinctiveness of the license plates,’ he said. The number can be a favorite, date of birth or other life event. Others want to stand out. “It simply came to our notice then. Because license plates are so diverse and limited in size, we have seen the value of plates increase over the years.

Balwinder Sahni

I like unique numbers. My lucky number is 9. The value of the Roman numeral u is 4. The sum of 4 and 5 is added to 9. That’s why I bought the U5, ”said Balwinder Sahni, owner of the D5 number plate in Dubai, which he bought in 2016 for AED 33 million. Sahni spent Dh4.5 million on an exclusive mobile number and Dh25 million on an O-9 number plate.

This is the second time in two weeks that number plate lovers have come forward to donate to the charity. Abu Dhabi police have raised a total of 111 million dirhams in the Most Noble Numbers charity auction. Last week, Dubai raised a total of 53 million dirhams in two hours, selling the AA8 number plate for 35 million dirhams, making it the third most expensive plate in the world. 

Add Comment