COVETED F1 NUMBER PLATE OFFER TURNED DOWN – Buying a coveted number plate for your car could set you back a pretty penny or two but in some quarters of the rich and famous owning a sought-after registration plate is the ultimate status symbol and an excellent investment.
The thing is that anyone who is rich can afford to buy a supercar, such as a Bugatti Veyron or a Ferrari Enzo, however registration plates are one of a kind and therefore the market for such attacks serious money; depending of course on what the number plate actually is.
Five years ago Afzal Khan splashed out over £400,000 to acquire the number plate ‘F1’ but today a buyer contacted him and offered a staggering £6 million. If you are into investing then the returns on such an investment as this will have you feeling dizzy.
Unfortunately for the buyer Mr. Khan turned him down flat and has said that he has no intention of parting with his beloved number plate.
At £6 million this is not the most expensive number plate in the world for in 2008 Saeed Khouri, a Abu Dhabi businessman at just 25 years of age splashed out over £7 million for a number plate in the United Arab Emirates which carries just a single digit ‘1’.
Mr. Kahn is a serious collector of unique and sought after number plates and already has quiet a nice collection, including ‘NO1’, and turned down the offer for ‘F1’ as he thought it was worth considerably more. The question is ‘what would he take for parting with such a prized number plate?’
There was no indication but ‘F1’ has to be one of the most sought after number plates in Britain and Britain certainly doesn’t have a shortage of billionaires that could offer considerably more.
The rich and famous often prefer to stamp their mark on the cars they drive with a personalized number plate and indeed Lord Alan Sugar has his own unique registration plate that reads ‘AMS 1’ whilst Roman Abramovich has ‘VIP 1’.
You might be thinking that this is extravagant or simply a waste of money but if you are looking to invest then registration plates fair much better than other items such a property; simply because registration plates have a historical trend to only go up in price whist the property markets swing due to economical conditions.
Would you splash out on a sought-after registration plate if you had the available cash? Please leave your comments below.