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.