Number Plate Sale

[Duncan200]

Here’s an article about the sale of them in Australia.

https://apple.news/AXXigIGIKQjWfJuYYpLX9uw

[Garry]

And here is another with four hours to go still in case anyone is interested in bidding😳😳

[AndrewB]

Bidders must have more money than sense ? AUS$1.8m for a registration plate ?

[Garry]

Another number plate, number 8, issued in South Australia state in 1908 just sold. Final winning bid. $2.3 million AUD or $1.56 m USD or £1.18m pounds


Absolute madness. Its a repeat of the tulip sales.

[Cees Klumper]

I would bid up to maybe $150 as I think that is its approx value. At the prices these go for, it's like needing to have the biggest yacht in the harbor. It just has to be the biggest, doesn't have to sail.

[AdelaidePagoda]

Agree Gary, absolutely crazy prices! They are speculative at best although very easy investments as you can use them on your car, they are not easily stolen (no value on any other car and easily traced by police), they do not need to be insured, no maintenance costs (like a rental property), you can easily sell them privately or via auction, and have traditionally only been increasing in value each year.

Still $2M shows that there is money out there for perceived value investments

*disclaimer, I do own a few.

[zak]

Gary, what would you pay for a brand new  lic plate from the government motor vehicle agency - not historic ?

jz

[Garry]

Just the plate its self about $40 Aust then there is registration at about $400 and then there is third party insurance another $400 appx. which is only to cover personal injury to all parties but not vehicle damage. Then there is vehicle insurance, classed as comprehensive insurance and can cost from high hundreds to several thousand dependant on your age, driving record and what type of vehicle.


Very early number plate collecting in each state, and i am talking about the first 50-100,000 plates ever issued are really popular and prices range from millions for the first ten to thousands of dollars for the later tens of thousands.