Record-breaking sale: Dubai auction sets new record with Dh55 million sale of VIP registration plate

At the recent "Most Noble Numbers" auction in Dubai, a VIP registration plate was sold for a whopping Dh55 million (Rs 1,22,87,84,268.80), setting a new record. The auction took place at the luxurious Four Seasons resort in Jumeirah, and the bidding was fiercely contested among the guests.

Dubai guy pays 15 million $ for a car number plate.(Proceeds go to charity towards the 1 Billion Meals endowment campaign to fight global hunger) pic.twitter.com/PCRBfAZoNP

— Saygin Yalcin (@SayginYalcin) April 9, 2023

Dubai is famous for its love of expensive cars, and exotic number plates are considered a collectable item. The 'P 7' registration plate broke the previous Guinness Book of World Records entry for the most expensive number plate, which was bought by a Bugatti owner for "F 1" plates at Rs 132 crore.

Exciting Auction: AA19, AA80, O71, and Other Fancy Numbers Up for Sale

Various fancy numbers, including AA19, AA80, O71, AA22, W78, Z37, X36, H31, N41, and J57, were put up for auction at the Four Seasons Resort Dubai. Among them, AA19 and O71 were sold for AED 4.9 million and AED 15 million, respectively, while the registration plate Q22222 was sold for AED 975,000. The auction was an exciting event, with many unique and interesting number plates up for sale.

The Bidding Battle: Pavel Durov and Bid Panel 7 Compete for 'P 7' Plate

Starting at a bid of Dh15 million, the auction for the coveted 'P 7' plate saw the bidding quickly rise to Dh30 million before slowing down at Dh35 million, which was placed by Pavel Valeryevich Durov, founder of the Telegram app. However, the auction soon regained momentum and ultimately reached Dh55 million, with the successful bidder from bid panel 7 opting to remain anonymous. The winning bidder was celebrated by a large crowd as the auction came to a close.

The Most Noble Number charity auction in Dubai, has raised AED 97.920 million that will go towards supporting #1BillionMeals endowment.The world’s most expensive vehicle plate number (P7) was sold during the auction for AED 55 million.@dutweets https://t.co/gIIGAJlv1g pic.twitter.com/SeQI52JkV1

— مبادرات محمد بن راشد آل مكتوم العالمية (@MBRInitiatives) April 9, 2023

Charity Cause: Funds from the Auction to Support the "1 Billion Meals Endowment" Campaign

Although the buyer of the 'P 7' plate has yet to be announced, it is speculated that the plate may have been purchased for a McLaren P7 supercar. The proceeds from the auction will be donated to the "1 Billion Meals Endowment" campaign, which is the largest sustainable food aid endowment fund for Ramadan. This campaign was initiated by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai. The campaign will run throughout the month of Ramadan, starting on March 23 and ending on April 21.

- PTC PUNJABI