“1″ License Plate Fetches $14 Million
A license plate with nothing but the number “1″ on it went for a record $14 million at a charity auction Saturday.
Saeed Khouri, a member of a wealthy Abu Dhabi family, wouldn’t say how many automobiles he owned or which of them might carry the record-breaking single-digit plate.
The oil-rich UAE began auctioning off vanity license plates last May. Ordinary automobile license plates issued to drivers here — and even most other vanity series plates — carry both Arabic and Western numerals and script, defining the issuing city and country.
Proceeds from the auctions, which are held in a lavish hotel here, go to a rehabilitation center for victims of traffic accidents.
On Saturday, 90 license plates were auctioned off in all, raising a total of $24 million. The previous five such events raised more than $50 million.
Source: CNN.
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