Dubai auction: Going once, twice, R111 licence plate sold!

By ali Monday, 02 October 2017 10:18 AM

Dubai auction:  Going once, twice, R111 licence plate sold!

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Gulf Business -- Dubai’s Roads and Transport Authority has raised Dhs24.8m ($6.75m) in its latest licence plate auction.

The 96th edition of the auction, held on Saturday, saw 80 distinct plates go under the hammer.

Of these, four were responsible for a significant percentage of the total raised.

R 111 yielded the highest bid of Dhs2.65m ($721,559), followed by F999 at Dhs1.06m ($288,623) and M 7777 and N 1000 at Dhs800,000 ($217,829).

“The number auctions organised by the RTA are characterised by transparency and enthusiasm. They measure up to the aspirations of customers who seek exclusivity in this regard,” said Ahmed Bahrozyan, CEO of the RTA’s licensing agency.

“Such auctions suffice the needs and aspirations of number plate enthusiasts, and reflect RTA’s keenness to realize its third strategic goal of “People Happiness.”

A previous auction in May saw Dhs2.9m raised from the auction of a single number plate.