Dubai: New Record Set as Car Number Plate P7 Sells for Staggering DH55M at Auction
The vehicle number plate P7 was sold for a staggering Dh55 million at the ‘Most Noble Numbers’ auction in Dubai on Saturday night setting a new record.
The winning bid was placed at the end of a fiercely fought bid battle among guests at the Four Seasons resort in Jumeirah.
Starting at a bid at Dh15 million, the bids rose within seconds to over Dh30 million. The bid stagnated for several minutes at Dh35 million which was bid by Pavel Valeryevich Durov, the French-Emirati businessman who founded the app Telegram.
However, the auction became heated as bids started pouring in from various quarters. The crowd cheered and applauded as each bid was placed. The price rose quickly until it reached the amount of Dh55 million by bid panel 7 who wished to remain anonymous.
