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Sunday, May 13, 2007

The World's Most Expensive Number Plate

A single-digit car registration plate was auctioned off for more than $6.8m in the United Arab Emirates on Saturday, beating the previous world record by more than 10 times.

The number plate "5" was bought for 25.2 million dirhams ($6.86m) in Abu Dhabi, the oil-rich capital of the UAE.

Businessman Talal Khouri placed the highest bid in the first auction of its kind in the UAE, with the proceeds going to charitable projects for people with special needs.

When asked if number '5' had any meaning to him, his response was in the negative. "The number does not mean anything to me. I will keep it and after my death it will be re-auctioned and probably raise more money that will again be given to charity and humanitarian work," he added.

The price beat a previous world record set last July in Yorkshire, northern England, where the numberplate "M1" was knocked down for £331 500 or $657 160 at current exchange rates. Link



It is a deserving asset for filthy rich.

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