The most expensive car plate ‘F1’fetches nearly $800,000

Out of the blue, we have a car plate that is in news for being the priciest ever sold! In England the F1 plate drew $793,000 breaking the old price record for a UK number plate. Registered to the Essex council since 1904, it was bought by businessman Afzal Kahn in an Essex county council auction. The guy runs a car conversion firm and exhilarated to have such a prestigious plate. Prior to the F1 sales, the previous record was held an M! plate that sold for $656,000.

According to a spokesman for the Essex council, the money raised from the car plate will be used in funding a safe-driving program for young motorists.