For motorists in the United Kingdom, there is one license plate which stands head and shoulders above the rest; F1.
The plate has been owned by businessman Afzal Kahn since 2008, when he purchased it for £440,000 ($618,000), a record at the time. The exclusive plate was most recently spotted on a Bugatti Veyron Super Sport finished in blue carbon fiber.
Eager to cash in on demand for the exclusive plate, Kahn, the man behind Kahn Design, Project Kahn, and the Chelsea Truck Company has listed the plate for sale on RegTransfers for a casual £12,009,995 ($16,891,457).
No, your eyes are not deceiving you. When all the fees are added, including the 20 per cent VAT, the total sum needed to be the proud new owner of ‘F1’ is £14,412,093 ($20,269,888).
To put that figure into perspective, you could purchase two pristine McLaren F1s for roughly the same amount, and they’re assured to jump in value in the coming decades. We’re not so sure demand for this license plate will ever justify its out-of-this-world asking price.
For what it is worth, Kahn claims to have been previously offered £6 million ($8.43 million) for the plate, but turned down the offer.
The most expensive license plate ever sold in the UK is ’25 O’, raking in £518,480 ($729,216) and swiftly affixed to a Ferrari 250 GT SWB.