Car license plate sells for record $15 million
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The reading
Most of us don't really take much notice of car license plates. Maybe we should look at them more from now because they may be valuable. One license plate has just sold for nearly $15 million in Dubai, UAE. It is the world's most expensive plate. The plate had the letter and number P7 on it. The previous highest price was also set in the UAE. That was in 2008, when someone paid $14.3 million for a license plate with the number "one" on it. It is not known who broke the record earlier this week. However, locals say it might be difficult for the person's identity to remain a secret. The sale is big news in Dubai, so many drivers will be aware of the P7 plate.
The money from the record-breaking license plate will help poor people worldwide. The cash will go to a charity called the One Billion Meals Endowment. This charity was set up by Dubai's ruler Sheikh Mohammed bin Rashid. It brings food to hungry people all around the world. The auction house told reporters it was happy with the sale. A spokesperson from Emirates Auction said: "We are proud to announce that the Most Noble Numbers charity auction…has set a new world record. We are thrilled that the proceeds will go directly towards supporting the…campaign, which aims to establish the largest Ramadan sustainable food aid fund."
Sources:
- https://www.cbsnews.com/news/most-expensive-license-plate-in-the-world-sold-at-auction-for-15-million-dubai/
- https://www.thedrive.com/news/worlds-most-expensive-license-plate-brings-15m-at-dubai-auction
- https://www.yahoo.com/lifestyle/license-plate-just-sold-world-170000871.html
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