And you thought registering your car in the U.S. was expensive.
A rare license plate has been sold in the United Arab Emirates for an astonishing amount.
The number 7 plate from Dubai was purchased for a record $15 million.
But it is not an example of out of control regulations.
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The plate was auctioned by the government to raise money for the 1 Billion Meals Foundation, a charity founded by the country’s ruler to help fight world hunger.
UAE countries often hold charity auctions for plates with low numbers, which are seen as a status symbol in the region.
The identity of the buyer has not been revealed, but they now hold the Guinness World Record for highest price ever paid for a license plate.
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The previous high mark was the $14.2 million sale of the Abu Dhabi number 1 plate in 2008.
The $15 million amount is more than just about any new car in the world the plate might be used on, although the highest official price ever paid for a new car was $18.9 million for the one-off Bugatti La Voiture Noire supercar, which was delivered to its mystery owner in 2021.
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However, Rolls-Royce is rumored to have sold the similarly bespoke Boat Tail convertible for $28 million the same year.
Source – https://www.foxnews.com/auto/rare-license-plate-sold-15-million
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