Could We Be Heading For A New Number Plate Record? Our Prediction!
The DVLA yesterday announced the list of numbers available at its 25th Anniversary Auction at The Vale Resort, Hensol near Cardiff in late November.
Hidden in the middle is the number 25 O (i.e. the number 25 and the letter “O”) – appropriate for the occasion. Apart from its timing just ahead of Christmas when many people are looking for something that bit special, this represents a major interest for several well-heeled groups to whom money is no object.
In the first place, the Middle Eastern community know that in gulf countries, registration numbers without a letter (i.e. “Number Only”) are a sign of wealth. They are only made available at charitable auctions and are highly desirable.
Indeed the world record of $7,000,000 was paid at one of these in 2008 for the number “1”, according to this Daily Mail report.
Numbers containing the letter “O” are the nearest available to these plates in the UK. In other words, 25 O looks like 250. Only last week, a buyer paid a hammer price of £30,000 for the adjacent registration 26 O (that’s £38,960 after taxes). And that only represented the 20th highest amount for such a number, the record being £170,000 for 1 O in January 2009 (that’s £210,242 after tax, £243,924 with inflation).
Incidentally, the DVLA record amount is for the similar 1 D number plate – £285,000 (£352,411 after tax, £408,868 after inflation) in March 2009. And by the way, that’s before One Direction target=”_blank” were even thought of!
Secondly, the world record price for a car at auction was set as recently as August 2014 at $38,115,000 as you can see here.
The model was a Ferrari 250 GTO. (Ah 250 again!) Indeed, six of the top ten prices of all time have been set by 250 models. The UK’s Chris Evans is already familiar with this area. He’s also a dedicated fan of number plates too.
Number plates representing Model types specific to one particular car have also seen relatively high prices at DVLA Auctions. 300 SL raised £55,000 in 1990 (£122,500 at today’s prices) as did 500SL (£37,000 in 1989 = £88,228 now). Indeed just this July, 650 S (coinciding with the high-end Mclaren model) made £31,000 hammer price (£40,256 after fees).
So how good an investment is a top number plate? According to some reports, Afzal Kahn turned down £6,000,000 for his plate “F 1” which he bought privately in 2008 for a not inconsiderable £440,625 to put on his Bugatti Veyron.
A clue to the significance of this Auction is that just up the road from the venue is the Royal Mint in Llantrisant. It seems that on this occasion, they are not the only organisation with a licence to print money!
Exactly how many Ferrari 250s are there? And who are they owned by? Better copper up Wayne! That £39,739 paid last year for CO11 EEN may just be pocket money! A new Transfer Record? Watch this space!
This article was researched and provided by Mike Oyston (@DesirableNumber on Twitter). Mike is an expert in the field of number plates and actually has some stock of his own including the fantastic ET11HAD on our site! You can catch up with him on Twitter, or take a look at his Facebook page for more fascinating research.
October 06, 2014
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