Private number plate 1 RH auctioned for quarter of a million

If you thought it was only cars that fetched high prices at auctions, think again. I am talking about the elite private number plates market. We have seen the License plate No. 1 going for $14.3 million at Abu Dhabi auction in the February of this year. This time, the esteemed number 1 RH was sold for £247,652 (approximately US$366,845) including tax and commission, at an auction of personal number plates held by the UK car registrations issuing authority, DVLA, on 21 November 2008. The plate was bought by Rob Harverson of Surrey who owns 10 private plates. The sale of 1 RH somehow put every other lot to shame, although a few of them achieved head-turning, high prices. Two of the notable sales were CHR 151S (£13,974) and the AYM 44N (£10,564).

I came with £150,000 to spend but, in the end, I was just determined to buy 1 RH and nothing was going to stop me.

This significant sale has made it clear that the affluent are willing to blow out money in their field of interest despite the global financial crisis.

Via: RegTransfers/BBC