Emirates Auction, which auctioned off the license plate in Dubai on Saturday, said that it was a new record. The company said that the proceeds would go to a food aid charity led by Sheikh Mohammed bin Rashid, the Dubai ruler. The plate's buyer wished to remain anonymous.
The most expensive license plate sold prior to the weekend's auction was the single digit "1," according to the Guinness World Records. It was bought for 52.2 million dirhams (around $14.2 million) by Saeed Abdul Ghaffar Khouri from the United Arab Emirates in 2008, also during an auction organized by Emirates Auction. This is still listed as the record holder on the Guinness World Records website.
In Hong Kong, a license plate with just the letter "R" sold for 25.5 million Hong Kong dollars, or around $3.2 million, in February. In 2021, someone paid $24.5 million for the California license plate “MM,” which also included a non-fungible token to please the crypto supporters.
Source: Insider
