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How Much Is A Private Registration Plate Really Worth
21st March 2010
If you have ever fancied a privatised registration plate and found yourself only being able to afford the incomprehensible variations on barely significant digits, think about what the other half spend! For some money does not matter so just exactly how much are they prepared to spend on a piece of plastic that will help them get pulled over.
One of the best known expensive number plates is one that arrogantly pronounces itself and the importance of the owner behind the wheel, ‘VIP 1′ was originally commissioned for use on Pope John Paul II’s popemobile. It is now owned by Russian billionaire Roman Abramovich who reportedly paid 285,000 for the privilege of being recognised as ‘the number one VIP’.
Wealthy Liverpudlian Mike McCoomb made over 40m when he sold his mobile phone store to BT Cellnet in 2000. That put him in a position to do things like spending 330,000 on the number plate ‘M1′ which he reportedly bought for his son’s sixth birthday. Unfortunately he won’t be able to drive for nine more years but it doesn’t matter as he probably doesn’t even understand the significance of an expensive number plate.
McCoomb’s record was broken by Afzal Kahn, a Bradford entrepreneur by spending 440,000 on his ‘F1′ number plate which he duly mounted on his Mercedes SLR McLaren, designed by the actual F1 McLaren team. Considering the riches involved in Formula one racing, Kahn believes he was lucky to only pay that much as he believes it could have gone for much more.
The most expensive number plate ever broke the world record in the rich Arab state of Abu Dhabi. Saeed Abdul Ghaffer Khouri, of a wealthy Arab family, paid nearly 8m for the notorious ’1′ number plate. In the car culture of Abu Dhabi’s, single digit number plates are the most sought after and evidently number one is considered the best. Khouri has not confirmed which car he will be adorning with the number plate but it is certain that whatever he puts it on, the value of the plate will outnumber the car.
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