Man turns down $11.9m for number plates

MATT CAMPBELL
Last updated 13:48 22/08/2013
F1 plates on Bugatti Veyron.

A BIT RICH: A man in the UK has turned down nearly NZ$12 million for the F1 plates that currently adorn his Bugatti Veyron.

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A British businessman has turned down an offer of £6 million (NZ$11.95m) for his "F1" number plates.

UK car modification guru Afzal Kahn spent £440,000 (NZ$877,000) on his "F1" registration plates in 2008, and they've since been seen on his Bugatti Veyron and Mercedes-Benz SLR McLaren supercars.

A spokesperson for Khan's company, A Kahn Design, was quoted by the UK's South West News Agency as saying there have been numerous million-pound offers for the plates.

"We have received a significant multi-million pound offer for the F1 plate which we rejected out of hand.

"Mr Kahn has no interest in selling F1, which is his favourite plate.

"It really shouldn't be a shock to people that the number plate is worth millions of pounds."

However, despite the spokesperson stating the "F1" plates aren't up for grabs, they are listed on the company's website, though the price listed is POA

It was also reported last year that Kahn had the F1 plates on the market; at the time the Motor Authority website hinted they could sell for more than the price of the Bugatti Veyron.

UK reports suggest the plates have been in continuous use for 109 years.

Other plates advertised on the Kahn's site include "4 HRH" (for His/Her Royal Highness), at £250,000 (NZ$498,000) plus fees, and "4 K", at £300,000 ($598,000).

The largest known sum actually handed over for a number plate is US$14.3m (NZ$18.2m), which was paid by Abu Dhabi man Saeed Khouri for "1".

F1 plates on Bugatti Veyron

-Fairfax News Australia

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