Fashion Plate: UAE license #1 goes for $14.5m

Some records stay in place for a while, and some are shattered regularly. Records set for obscene spending on frivolity never seem to stay put for very long, however, as there's always someone with more cash to blow on something ridiculous. And so it transpires that after tuning magnate Afzal Kahn paid $870,000 for the F1 license plate in the UK, Arabian billionaire Saeed Abdul Ghaffar Khouri dropped the equivalent of $14.5 million on UAE license plate number 1.

If that seems like a big hunk of cash for a registration number, consider that Khouri, who has yet to decide on which of his assuredly many vehicles he'll mount the plate, was prepared to spend over twice that much – 100 million emirate dirhams, or $30 million – on the plate. The sale took place at an auction in Abu Dhabi, the proceeds from which are earmarked towards assisting victims of traffic accidents. At least it's going to a good cause, then.

[Source: Winding Road]

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