Many of us work hard to try and obtain the car of our dreams, spending countless hours and cash to make them just right, but there is one side of the automotive spectrum that many consider the icing on the cake, the simple licence plate. Some care not for a customised rectangle, but for others, it’s what matters the most. Here we will take dip into the world of expensive number plates and see what all the hype (and cost!) is about.
Many of us have heard the urban legends of certain plates selling for 6 figures but haven’t experienced it firsthand, yet there is an entire market place that exists beneath the surface which dedicated to unique, exclusive and desirable number plates. There are a few things that make up a sought-after plate, and these usually aren’t your high school nicknames (I’m talking to you “Smithy”). Things such as the model of a particular vehicle, such as 911 for a Porsche or GT-HO for a Falcon, easily add to the exclusivity of the plate. The value doesn’t lie in the material of the plate, but the bragging rights of finishing off a special car with its name sake.
For those living the highlife, the digits game is the place to be. The general rule is the fewer digits on the plate, the greater its potential resale value is and case is in point would be the single digit 1. The Victorian plate was purchased from retired mechanic from Ballarat in 1984 for $165,000 and is now currently owned by the owner of Coles and Fosters Peter Bartels current value, estimated at a cool $2.5 million, not a bad investment by any means. Some other honourable mentions would be the purchase of a Dubai “D5” and “1” numberplates for $9 million and $14 million respectively.
For many of us our pride and joy provides us with enjoyment and passion, but when passion goes to extremes, it’s not crazy to think that those with the cash would want to highlight it more.
Do you have an awesome numberplate of your own? Ever sell a plate only to find out its worth a mint? Head over to the Rare Spares Facebook page and let us know in the comments section.