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. 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, .