Abu Dhabi number plate ‘1’ sells for US$14.5m

Abu Dhabi number plate ‘1’ sells for US$14.5m

We reported on Project Kahn’s director Afzal Kahn spending a big chunk of dough on the UK plate ‘F1’, and an Australian auction by Shannons that did quite a disappointingly low trade in Queensland plates, but now we’ve got the sale to top all sales. A businessman from the emirates bid 52.2m dirhams, over twice the 25.2m dirhams paid for plate number ‘5’. The buyer, Saeed Abdul Ghaffar Khouri said he didn’t buy it as an investment, but did expect the value to double within two years. He currently hasn’t decided which of his (presumably many) cars he’s going to use it on. At least the money is going to a good cause – it’s distributed to a fund that helps victims of car accidents

We reported on Project Kahn’s director Afzal Kahn spending a big chunk of dough on the UK plate ‘F1’, and an Australian auction by Shannons that did quite a disappointingly low trade in Queensland plates, but now we’ve got the sale to top all sales. A businessman from the emirates bid 52.2m dirhams, over twice the 25.2m dirhams paid for plate number ‘5’. The buyer, Saeed Abdul Ghaffar Khouri said he didn’t buy it as an investment, but did expect the value to double within two years. He currently hasn’t decided which of his (presumably many) cars he’s going to use it on. At least the money is going to a good cause – it’s distributed to a fund that helps victims of car accidents

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