Dubai’s RTA Raised $6.75-M in Licence Plate Auction

Dubai’s RTA Raised $6.75-M in Licence Plate Auction

Dubai’s RTA Raised $6.75-M in Licence Plate Auction

4 number plates were responsible for a significant percentage of the auction earnings

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

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

Of these, 4 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

Stay tuned…

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :  
CONNECT WITH