To the uninitiated it may seem crazy to spend ridiculous amounts of money on rare or unusual license plates, but among Dubai’s wealthy and the like it seems like a game to find and sign the best number plate.
Rolls-Royce Cullinan with number plate ‘1’
A recent TikTok video shows a Rolls-Royce Cullinan driving down the busiest highway in the United Arab Emirates with the number 1 license plate – one of the most expensive license plates in the world. The plate was bought at auction in 2008 by billionaire Saeed Abdul Ghafour Khouri for $14.3 million, setting the record for the most expensive license plate ever.
@thomasandmanny This one piece of aluminum is worth $14 MILLION😳 #dubai #license #sheikh #rollroyce #fyp ♬ original sound – Thomas & Manny
While we’re probably not the only ones who wondered why someone would pay such a ridiculous amount for a license plate, others say it’s not just for driving, but even a surprisingly good investment. Chris Bowden, an expert on rare license plates, explains: “How many other properties are resistant to theft? If someone steals my car’s license plate number, it’s not the owner. I just take my folder to the service center and everything will be fine.
Unlike rare or classic cars, license plates do not lose value over time. But what about the actual numbers? Well, in the Middle East, small numbers are valuable, such as plates with repeated numbers that have a double meaning in any way, such as 666 (the number of the devil), 69 (some act for adults) and 420 (4) . :20 pm; when using cannabis).
The most expensive license number in the world
The most expensive license in the world is said to be the California license plate “MM”, which is worth 24.3 million dollars. Two-letter license plates are extremely rare in the United States, especially those with the same letter, as there are only 35 of them in the entire country. The California ‘MM’ license plate even comes with its own NFT, as we mentioned earlier.