License Plate Auction
Coys of Kensington will be hosting a True Greats auction on December 1, and among the items for sale will be an MG service manual (Lot 1), a Corvette poster (Lot 61), and some pre-WWII driving gauntlets (Lot 81). Oh, and there'll also be the matter of Lot 142, a number plate reading "D1ANA" expected to pull down £100,000. That's $164,174 to us here in the American system.
The trade in personalized license plates in the UK can be big business -- the most coveted ones aren't given away, they are auctioned off at country clubs and manor houses. And in spite of a thing called "the recession" the record price paid for a specialty plate in the UK has just been broken, with a Lebanese property developer paying £352,411 ($513,047 USD) to own "1 D." The actual winning bid was £285,000 ($414,893 USD), to which fees and taxes were added.
While fuel prices continue to ratchet up and put a squeeze on all aspects of the world economy, times are flush within the borders of major oil producing nations. So flush, in fact, that several Emiratis found a total of 9.8 million dollars to indulge in low-number license plates at a recent auction. The fascination with distinctive tags is a world-wide phenomenon, but $926,000 for a plate that says "50G" is uniquely asinine. If that's what our last few fillups helped purchase, we're going to bi