Dubai’s two-character license plate, P7, eclipsed the record previously set by Dubai ‘1’, which sold for $21.3 million in 2008.
If you thought prices for specialist license plates were high in Australia, think about collectors and investors in the United Arab Emirates, where a new world record price for a license plate has just been set.
Dubai ‘P7’ sold at auction over the weekend for 55 million dirhams (A$22.3 million), beating the 52.2 million paid (A$21.3 million) for Dubai ‘1’ in 2008. This makes the two-character plate the most expensive license plate in the world. The final bidder remained anonymous.
For some context, the license plate was advertised for auction mounted on a Bugatti Divo. The rare (1 of 40) 1103kW hypercar can be yours for a measly A$8.1m, or almost a third of the price paid for the plate.
The auction of the ‘Noblest Numbers’ was held for the benefit Endowment of 1 billion meals, a food aid charity sponsored by Sheikh Mohammed bin Rashid, Prime Minister of the United Arab Emirates and Ruler of Dubai. The auction raised a total of 97.92 million dirhams (40 million Australian dollars).
The record for an Australian number plate was set in May last year when Vic ’14’ sold for 2.27 million dollars. If you want to spend more than $16 million on a license plate today, California’s two-character ‘MM’ license plate is available to purchase (both as a license plate and accompanying NFT, of course) for 5888 eth (Etherum) from NFTs. trading platform, Open sea.
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