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High Oil Prices = $14 Million Dollar License Plate

A personalized license plate in the United Arab Emirates fetches $14 million dollars at a charity auction.

Apparently, a businessman from the United Arab Emirates purchased a license plate with the number 1 on it for a record $14.3 million dollars. That’s one hell of a vanity plate. You’ll be comforted to know that the previous record was $6.8 million for Plate Number 5 sold last year to a stock broker. From the article,

It is not huge compared to my family’s fortune,” Saeed Abdel Ghaffar Khouri said after bidding 52.2 million dirhams (14.2 million dollars) for an Abu Dhabi license plate bearing the single number “1″.

“The price is fair. After all, who among us does not want to be number one,” Khouri told AFP.

[snip]

Khouri conceded to AFP that he would have been willing to pay up to 100 million dirhams (27.4 million dollars) to get his hands on the number “1″.

 

I'm kinda sick of making these guys richer. 

Published Thursday, February 21, 2008 4:41 PM by gonzo
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