Monday, February 18, 2008

A Car Plate fetched for US$14.2-Million

An Emirati businessman, Saeed Abdul Ghaffar al-Khouri, dished a out a whopping 52.2-million dirhams (about US$14.2-million) just to get an Abu Dhabi car license plate bearing the number “1” at a charity auction in a luxury hotel in the oil-rich United Arab Emirates last Saturday (Feb. 16).

The sale set a new world record for the most expensive car license plate in the world as per Emirates Auction, the organizer of the event. It overshadowed the US$6.8-million car license plate bearing the number “5” bought by another Emirati, stock broker Talal Khouri, in May 2007.

Proceeds of the sale will go to charities, including one that will set up a hospital for casualties from road accidents.

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