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Would you buy a number plate for £10 million?

Number plate for the very rich

17/06/2014 08:38 |  Comments: 

Editor

Our heavyweight champion, Balázs, or better known as Assur on the premises is the news writer of the mother site, totalcar.hu. Oh yes, he’s an automotive engineer too. They say there isn’t a data that has ever escaped his mind, all we know is that he can drop into any conversation about any car that was made after the war, and he’ll be able to add a ton of details you won’t ever be able to find in books. He has been thinking of selling his longserving Volvo for years, so he always has some used car adverts open on his computer, just in case. Has a wife and two (almost grown-up) children.

No, no typo here. This is not the price of an island or a supercar, just a registration plate.

£10 million. That’s how much its current owner is asking for the one-off number plate which he bought at the fraction of the price years ago.

England is pretty laid back when it comes to registration plates. There are no restrictions to limit the use of numbers and letters, and registration plates can be bought and sold as you please. But the special number plates don’t come cheap. A good example of this is the ‘F1’ number plate currently owned by Afzal Kahn, the owner of Kahn Design, a car tuning business known for churning out relatively kitschy but outrageously expensive cars. He paid £440 thousand for the registration plate in 2008, which is ridiculous already, as he could have bought 3 Ferraris for the price, but it looks like he has made a good bargain after all. The value of the number plate has increased enormously in the past few years with an offer of £6 million coming in last year, which Mr. Kahn declined. His asking price now is £10,009,995. Should anyone out there be willing to pay that much, Mr. Kahn, who also owns the registrations ‘NO1’ and ‘4HRH’, will make the business of his life by making twenty times as much as what he forked out six years ago. 

Update: It looks like Mr. Kahn has changed his mind. The advert has been withdrawn, the registration plate is no longer for sale.

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