Afzal Kahn, the head of the Kahn Design, declined an offer to sell a license plate owned by him with the ‘F1’ inscription for the amount of 6 million pounds (€ 7 mil / $ 9.4 mil), according to the Daily Mail headlines.
Personalised license plates can be a costly hobby, especially if you live in the U.K. The most expensive license plate in the world (at that time), is marked by only two characters: ‘F1’. In 2008, Afzal Kahn only paid £ 440,625 ($ 685,745 / € 512,700). Meanwhile, Kahn received an offer that many would have accepted it with a smile: 6 million pounds for the right to have that registration plate. Contrary to expectations, Kahn refused this offer, explaining that he has no intention to sell the plate as it is his favorite combination.
F1 – the most expensive UK license plate owned by Afzal Kahn
When asked about the offer, a spokesperson said: “We have received a significant multi-million pound offer for the F1 plate which we rejected out of hand.” The representative added “Mr. Kahn has no interest in selling F1, which is his favorite plate.”
Meanwhile, the most expensive license plate is on a car in Abu Dhabi. It has a single digit – ‘1’, and was bought in an auction, the winner paying £ 7.25 million for that plate.
Saeed Abdul Ghaffar Khouri, owner of the most expensive license plate in the world, explained to the reporters of ArabianBusiness that the purchase was not made as an investment, although he estimated that the license plate will double its value in the next two years. The owner of the world’s most expensive car license plate haven’t decided on which car to install it at the time of the interview.
UAE is the country in which the first seven most expensive license plates in the world are.
Afzal KSahn also owns other two customised license plate: ‘4HRH’ and ‘NO1’. His F1 favorite car registration plate is located on a Bugatti Veyron, but was originally applied to a Mercedes-Benz SLR McLaren.
ASH ON A UK (NUMBER) PLATE
The highest price paid for a plate sold by the DVLA in the UK was £352,000 for plate 1 D.
The highest ever price paid for a number plate sold by a dealer was Mr Khan’s at £440,625, for F1 in 2008.
Drivers in the United Arab Emirates are even more fanatical about personal registrations. The single digit ‘1’ sold in February 2008, for £7.25 million.
Celebrities with famous plates include Vinnie Jones (100 VJ), Phil Tufnell (BE57 CAT), runner Iwan Thomas (R400 RUN), Ian Botham (B33 FYS) and Lord Sugar (AMS 1).
Personal plates can be a good investment, if you make the right choice.
VIP 1, which originally belonged to Pope John Paul II’s Popemobile, was bought for £62,000 in 2004 – two years later Roman Abramovich bought it for £285,000.
HEN 2Y cost £6,300 in 2005, and was bought for £20,000 in 2010.
Afzal Kahn and the F1 license plate via Daily Mail