The worlds most expensive number plate is ‘F1’ and it is on sale for $20 million

F1 License Plate on sale.


The world’s most expensive number plate with a staggering asking price of £14.4 million (or $20.5 million in US money) is up for grabs. The “F1” registration plate is owned by Afzal Kahn, founder of Kahn Design, and is listed for sale for the first time in a decade. It is believed to be the most sought-after number plate in the whole world given its links to the pinnacle of motoring – Formula 1. The F1 number plate was last seen on Kahn’s $1.7 million Bugatti Veyron Super Sport, and was purchased back in 2008 for the now seemingly bargain price of £375,000 (approx. $5,75,000) from Essex Council. If the sale of the F1 plate is realized it’s a mind-boggling return of 4,000%.

The Essex Council had the number plate for more than 104 years and Kahn believes he paid much less for it than its actual value. Kahn also claims that he previously turned down an offer of £6 million for the number plate in 2014. It’s now listed on Regtransfers.co.uk with a base fee of £12million, but with the addition of VAT and taxes, the price will climb to £14.4 million. If sold at that price, the F1 number plate will absolutely demolish the current record that is held “D5” number plate from the city of Dubai. Dubai-based businessman Balwinder Sahani paid $10 million for the registration plate in 2016.

Also read -  World’s Most Expensive Blackberry by Amosu dazzles with gold and diamonds

Just to put it in perspective of what all you can get for $20 million instead of the coveted F1 number plate? Well, the list is staggering as that amount of money can get you 12 Bugatti Veyrons or 80 Lamborghini Huracans or two penthouses in Manhattan and our favorite, a villa on the French Riviera with a Rolls Royce Phantom.

Also read -  Roman Abramovich's newest megayacht is a $610 million fortress - Solaris can zap drones mid-air, it has secret pirate-proof passageways, a radar-based anti-missile system, bulletproof windows, & armored cabins.

[Via:Overdrive]

Tags from the story
Written By
Sayan Chakravarty, a Senior Writer at Luxurylaunches, brings over 10 years of automotive journalism expertise. He provides insightful coverage of the latest cars and motorcycles across American and European markets, while also highlighting luxury yachts, high-end watches, and gadgets. An authentic automobile aficionado, his commitment shines through in educating readers about the automotive world. When the keyboard rests, Sayan feeds his wanderlust, traversing the world on his motorcycle.