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Dubai number plate auction fetches $7m

Dubai, February 18, 2008

A number plate auction organised by Dubai’s Roads & Transport Authority (RTA) fetched more than Dh25.5 million ($6.94m).

The two-digit number plate 98 of category F topped the list with Dh2.4 million as last bid, followed by number 74 of the same category; which was sold for Dh2.14 million and the number 81 for which Dh2.12 million was paid.

A sum of Dh6.7 million was paid for the first three numbers in the 55th Distinguished Number Plates Auction, RTA said in a statement.

The auction, organised at Jumeirah Beach Hotel, was attended by engineer Hussain Al Banna, Director of Right of Way Services Dep’t and Acting Director of Licensing Dep’t at Traffic & Roads Agency, along with a number of RTA employees and about 300 bidders.

The auction witnessed heated bidding over 106 distinguished two, three, four and five-digit numbers of D, E, and F categories.

The three-digit numbers commanded the attention of bidders and the numbers 800, 900 and 110 of category F were sold for an aggregate amount of Dh2.7 million, where the number F900 got the highest price of Dh930,000 followed by the number 800 which was sold for Dh900,000.

A number of bidders vied keenly for the 4-digit numbers 1919, 1122, 2211, 1991, 5115, 7337 and 9559 of category F, which were eventually sold for a total amount of Dh783000 at the top of which came the number 1122 which was sold for Dh149,000.

The 5-digit numbers were sold for a total amount exceeding Dh2.6 million, topped by the number 13000 which was sold for Dh220,000, followed by the number 17000 which was sold for Dh200,000. – TradeArabia News Service




Tags: retail | Number plates | Auction |

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