Most expensive number plate sold for R218 Million

In Abu Dhabi, a rare car licence plate with the single-digit number "P7" was sold for a whopping $15 million, which is approximately R218 million. Mind you, a standard personalised number plate with seven letters or numbers can cost around R2 500 to R5 000 in South Africa.

Picture1

The sale of the licence plate set a new bar in the United Arab Emirates, surpassing a previous record set more than a decade ago for a licence plate with the number "7".

The licence plate was sold at a charity auction, with all proceeds going towards Sheikh Mohammed bin Rashid Al Maktoum’s global food aid initiative, the 1 Billion Meals Endowment. The auction attracted wealthy bidders from around the world, with the winning bid coming from an anonymous buyer.

The P7 licence plate is considered to be one of the most coveted in the world, as single-digit licence plates are extremely rare and highly sought after. The sale of the licence plate not only broke records but also raised significant funds for a worthy cause.

As the gavel came down on the record-breaking sale, attendees cheered and congratulated the buyer on his/her new acquisition. The sale of the P7 licence plate will be remembered as a historic moment in the United Arab Emirates and serves as a reminder of the wealth and extravagance that can be found in the region.

More Industry News stories

Hino, Mitsubishi Fuso to become one entity

Hino, Mitsubishi Fuso to become one entity

Daimler Truck AG ("Daimler Truck"), Mitsubishi Fuso Truck and Bus Corporation ("Mitsubishi Fuso"), Toyota Motor Corporation ("Toyota") and Hino Motors Ltd ("Hino") entered into definitive agreements for the integration of Mitsubishi Fuso and Hino.

  • 11 June 2025
A bad year for Goodyear employees in Kariega

A bad year for Goodyear employees in Kariega

Goodyear is set to close its tyre manufacturing plant in Kariega in the Eastern Cape, and it could affect as many as 900 jobs at the facility, not to mention the knock-on effect it would have on the economy of the Eastern Cape, which is already suffering from high unemployment.

  • 10 June 2025