How Petro Dollars are being used-Vanity License Plate sells in UAE for $14 Million
License Plate Sells for $14 Million
AP
Posted: 2008-02-17 19:22:03
Filed Under: World News
ABU DHABI, United Arab Emirates (Feb. 16) – A license plate with nothing but the number “1” on it went for a record $14 million at a charity auction Saturday.
Saeed Khouri, a member of a wealthy Abu Dhabi family, wouldn’t say how many automobiles he owned or which of them might carry the record-breaking single-digit plate.”I bought it because it’s the best number,” said Khouri, whose family made its fortune in real estate. “I bought it because I want to be the best in the world.”
The oil-rich UAE began auctioning off vanity license plates last May.
Ordinary automobile license plates issued to drivers here – and even most other vanity series plates – carry both Arabic and Western numerals and script, defining the issuing city and country.
Khouri’s plate, however, has only the Western numeral and no letters.
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