How much is number plate F1 worth?
The 'F 1' plate was bought in 2008 for £440,000 by entrepreneur Afzal Khan who turned his passion for personalised number plates into a business. But he has no plans to sell the plate any time soon. In 2013, he turned down an offer of £6 million, and in 2018 a staggering £10 million offer was also rejected.
It's also worth reiterating that the highly cherished F1 number plate is only worth what someone is prepared to pay for it. So, technically, although it undoubtedly has the highest asking price, it won't actually be the most expensive number plate in the UK (or the world for that matter) until it's finally sold.
Afzal Kahn, owner and founder of Kahn Design or 'Project Kahn', purchased the number plate F1 in 2008. Mr. Kahn caused a stir when he set a British record after paying a staggering £440,000, for what he calls 'his favourite plate'.
While it depends on one's criteria for rarity, many number plate aficionados consider the UK 25 O plate the rarest plate in the world. It's valued so highly because it matches up with the Ferrari-manufactured 250 GTO. It's currently fixed to a Ferrari 250 GTO that was once owned by rockstar Eric Clapton.
A Guernsey resident won the battle to buy the new (number-only) States of Guernsey registration, '007', in a recent auction. The buyer, who wishes to remain anonymous, bought it for a whopping £240,000!
In 1985, BTR plc gained the "A 1" plate after it acquired Dunlop. The company's headquarters in Birmingham placed it on a Ford Granada. In 2000, the plate was bought by Jefri Bolkiah after its sale by Insignia Registrations alongside the plate, "1 A".
Yes. It's legal. IND stands for India. In 2005 the Govt.
1) Saeed Abdul Ghaffar Khouri's $14m '1'
The '1' is the most expensive number plate in the world. The registration plate was sold to Saeed Abdul Ghaffar Khouri for Dh52 million ($14 million) in 2008. Khouri, who is the CEO of Abdul Khaleq Al Khouri & Bros Co and CEO of Milipol International Est.
Car enthusiasts, in particular, love the F1 number plate as it denotes Formula 1, one of the most famous motorsports in the world. The value of the F1 number plate is very high since the UK government only allows 1 to be in circulation with no other initials or digits on it.
Awarded for a limited duration, the number plate has always graced some expensive cars, including the likes of Mercedes-McLaren SLR and Bugatti Veyron. Any car enthusiast will understand the significance of “F1”, for it denotes Formula 1 – one of the most coveted motorsports in the world.
What's the most expensive private Reg?
World's Priciest Private Number Plates
The previous most expensive plate sold publicly in the US was the number '6' which went for $675,000 (£494,200) in Delaware. The world's highest price publicly paid for a private plate was $14,800,000 (£101m) for the number '1' in Abu Dhabi.
The registration plate says 'F1' and is owned by entrepreneur Afzal Khan. He bought the plate for £440,625 in 2008 from Essex Council and it is currently fit on his Bugatti Veyron Super Sport.
A 1 - Issued 1903 in London - The first and possibly the most expensive number plate in the UK. Currently valued at £5mil.
Bond's number plates
A recent DVLA auction saw BMT 216C fetch nearly £6,000, and before that BMT 216B went for £14,000. In Guernsey, where plates with just numbers are permitted, 007 sold for £240,000!
the worlds oldest number plate was one issued to a Canadian vehicle in 1884, flying in the face of conventional wisdom, which states that plates were introduced by France in 1893. The discovery is causing quite a stir in Victoria, British Columbia, which is about to celebrate its 150th anniversary.
Emirati businessman Ahmed Al Mazroui won the bid to own the exclusive Abu Dhabi number 2 plate, for a whopping Dh10 million.
Dubai's £7 Million 'D5'
Indian businessman Balwinder Sahni forked out 33 Million UAED, roughly equivalent to £7 million, in 2016 for the Dubai number plate 'D5'. Sahni told the press that he wanted the plate because 9 is his “lucky number”.
Black number plate
In India, all self-driven or rental vehicles (two-wheelers and four-wheelers) must bear a black number plate with yellow lettering. These vehicles are registered as commercial vehicles. However, one does not need a commercial vehicle driving licence to drive a black number plate car.
For example, the number 11 can represent the letters H, M, N or U and the number 2 can represent the letters R or Z. Speedy Reg can help you create and look for your ideal personalised number plate.
However, from the 1st January 2021, there was a change and going forward, any vehicle constructed after 1 January 1980 is now ineligible to display the black and silver number plate despite being recorded in the DVLA's historic tax class.
Who owns plate 2 Dubai?
The auction saw Dubai-based real estate boss Hong Yang, 30, from China, bid Dh1. 7m for plate number '999', code 2.
The answer is yes. As long as you're healthy and monitored, you can take the wheel of an F1 car.
But can you buy an F1 car? Yes, as impressive as it may sound, it is possible to buy retired and race-used F1 cars. There are many ways to buy one: through auctions, specialist websites, or from someone who owns one. However, you will need a lot of money, since they are not cheap to buy or maintain.
Is it possible to drive a Formula 1 car if you're not actually a racer? The answer is yes. Owing to some special organisers, a Formula 1 Grand Prix racing car driving experience with real F1 cars can be gained on some of the world's most famous circuits.
There is also social and psychological capital tied to these expensive number plates, as they are an indicator of wealth and status. An Emirati psychologist told Khaleej Times that the elevation of one's status, has a lot to do with social pressure.
The short plate costs 35 AED. The long plate costs 50 AED. Expo branded plates cost 100 AED. Dubai branded plates cost 200 AED.
Lewis Hamilton's McLaren - $6,658,000 / £4,836,000
The 2010 McLaren-Mercedes MP4-25 was the first of Lewis Hamilton's F1 cars to be offered to the public, and was sold by Sotheby's in 2021 at Silverstone.
Payments from Formula 1 are the second most lucrative way F1 teams make money. Every team is paid approximately $36 million USD prize money for being in the championship, which comes from revenue sources such as TV rights and circuit sponsorship.
How much does a Formula 1 car cost today? If these figures are taken into account, it is possible to deduce that a Formula 1 racing car from the 2022 season is worth between 12 and 15 million dollars. Even the display or scale units of the single-seaters have extremely high prices.
A Formula One car number is the number on a car used to identify a car and its driver. Currently, drivers are allowed to pick their own number for their career from 0, 2 through 99. Only the World Champion is allowed to use number 1.
How does F1 car numbering work?
All Formula 1 drivers choose a permanent race number with which they use throughout their F1 career and only the reigning world champion is allowed to change numbers.
A 7, NLT 2, OXR 1, and more.
It turns out that Queen Elizabeth II had a bit of a penchant for private number plates, and owned one of the rarest and most prestigious UK registrations ever issued, A 7.
Personalised plates have soared in popularity and if bought wisely have been proven to be a worthy investment value particularly since recessionary times. In fact, the number plates are the only part of your vehicle that will appreciate over time.
Honda quit F1 to focus on their goal of achieving carbon neutrality throughout the automotive company by 2050. New-generation hybrid engines set for introduction in 2026 will be powered by a synthetic sustainable fuel as part of F1's target to be net-zero carbon by 2030.
The McLaren MP4/4 is the greatest car in the history of grand prix racing. Driven by Ayrton Senna and Alain Prost over the course of the 1988 Formula One season, the first Honda-powered McLaren, designed by Steve Nichols and Gordon Murray, secured 15 wins and pole positions in 16 races.
Valuing “Super Plates”
A single letter followed by a number 1 is considered to be the most valuable type of private registration available. B1 for example is estimated to be worth around £500,000, possibly more! A1 is purposely not valued here as we are told that this is just not for sale, the owner also owns 1A.
You can make money from number plates because they hold and increase in value as each one is unique. Realistically you're unlikely to find an interested buyer for a randomly assigned registration mark (that's the usual reg plates that we get with a car).
What do the number plate letters stand for? The first two letters are known as the 'local memory tag' and they show where the vehicle was registered.
Any vehicles registered between the second cycle (from 1st September to 28th February) will take the last two digits of the year +50. By way of example, a vehicle registered between 1st September 2019 and 28th February 2020 will take an Age Identifier of 69. What about private number plates? Good question.
- Age (generally, the older the number plate, the higher the price)
- Rarity (how many similar registration numbers were issued)
- Popularity of Names / Initials (how common the represented names and initials are)
- Numbers (the value / relevance of the numbers portion in a private plate)
How much is the 007 number plate worth?
Bond's number plates
A recent DVLA auction saw BMT 216C fetch nearly £6,000, and before that BMT 216B went for £14,000. In Guernsey, where plates with just numbers are permitted, 007 sold for £240,000!
The '1' is the most expensive number plate in the world. The registration plate was sold to Saeed Abdul Ghaffar Khouri for Dh52 million ($14 million) in 2008. Khouri, who is the CEO of Abdul Khaleq Al Khouri & Bros Co and CEO of Milipol International Est.
If a person is born on the 16th of the month, his lucky number is 1+6=7, which means he is lucky number 7. Alternatively, the number 9 is said to be auspicious. The application states that the total of the four digits of the registration number must equal 9 or the lucky number, whichever comes first.
The type of numbers that tend to rise in value are short numbers like 25 O, RR 1, and S 1; specific names such as B1 LLY, JAM 33S or DAN 13L. These are also the registrations that will cost a lot of money to purchase in the first instance which is why most people will buy for the love rather than to make money.
The record for any Australian number plate sold at auction remains the $680,000 paid for "NSW 2" through Bonhams & Goodman in 2003. It's rumoured that "NSW 6" changed hands privately for around the million-dollar mark.
You Won't Ever Forget Your Car Registration
Well, with a personalised plate, you're unlikely to forget it. You're bound to have chosen a mark that's meaningful to you and is simple and easy to remember. So, the next time you have to write down your registration number, you won't have to go out to your car first.
He added that the 'most prestigious' number plate in Dubai features the number one, which no one can buy as it belongs to Sheikh Mohammed bin Rashid Al Maktoum, the vice president and prime minister of the United Arab Emirates.
The auction saw Dubai-based real estate boss Hong Yang, 30, from China, bid Dh1. 7m for plate number '999', code 2.