- A new world record has been achieved for the title of most expensive license plate at 55 million dirhams ($15 million).
- The license was sold in a government-run charity auction in Dubai.
- Proceeds from the auction will go to Sheikh Mohammed bin Rashid’s global food aid initiative, the 1 Billion Meals Endowment.
As the great poet (don’t fight us on this) Kendrick Lamar rapped in his 2017 song Humble, “It’s levels to it, you and I know.” He may not have been referencing levels of wealth, but we are. The level of wealth maintained by unnamed oil tycoons is more than most of us can even fathom. What can oil-tycoon money buy you? We hear you ask. How about a world-record-breaking $15 million license plate?
According to a report by Bloomberg, at 55 million dirhams, the equivalent of $15 million, that’s exactly what one unnamed wealthy bidder in Dubai recently paid for the license plate P 7. The plate was sold on Saturday in an auction put on by the Emirates Auction. Proceeds will go to Dubai ruler Sheikh Mohammed bin Rashid’s global food aid initiative, the 1 Billion Meals Endowment.
According to the same Bloomberg article, Saturday’s bid takes down a record set in 2008 by Saeed Abdul Ghaffar Khouri, who paid the equivalent of $14.2 million for a plate bearing the number 1 in Abu Dhabi.
The identity of the most recent winner will not be disclosed, and the plate can reportedly be transferred to any car registered in the emirate. If you happen to be in Dubai any time soon, make sure to keep an eye out for license plate P 7, or any other unusually short plate names. Chances are it went for big money at auction.
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Associate News Editor
Jack Fitzgerald’s love for cars stems from his as yet unshakable addiction to Formula 1.
After a brief stint as a detailer for a local dealership group in college, he knew he needed a more permanent way to drive all the new cars he couldn’t afford and decided to pursue a career in auto writing. By hounding his college professors at the University of Wisconsin-Milwaukee, he was able to travel Wisconsin seeking out stories in the auto world before landing his dream job at Car and Driver. His new goal is to delay the inevitable demise of his 2010 Volkswagen Golf.