Most expensive Rolls-Royce license plate sold for incredible amount then increased in value
- A personalized ‘Rolls-Royce’ license plate sold for a fortune
- The plate sold at auction in 2018
- Its valuation has since gone up
Published on Oct 19, 2024 at 8:00 PM (UTC+4)
by Claire Reid
Last updated on Oct 16, 2024 at 9:28 PM (UTC+4)
Edited by
Tom Wood
A personalized Rolls-Royce license plate sold for an astronomical amount of money in 2018 – and its value has since increased.
You may already know that personalized plates are big business.
Some folks will happily part with enough cash to buy a whole other car to get their hands on the plate of their dreams.
As a result, there are now businesses that solely deal in license plates.
DISCOVER SBX CARS: The global premium car auction platform powered by Supercar Blondie
It was the most expensive license plate to be sold in the UK ever
The world’s most expensive license cost the buyer a whopping $15 million.
The plate in question – which is simply P7 – now lives on a Tesla Model X in Dubai.
While a fellow Dubai-based Tesla – this time a Cybertruck – has a $8.9 million ‘5’ plate.
Meanwhile, over in the UK, it was a license plate that was ‘perfect’ for a Rolls-Royce that sold for the highest amount.
The plate in question was issued back in 1925 and simply reads RR1 and was declared ‘one of the most special registration plates in the world’ ahead of its sale in 2018.
Prior to its 2018 sale, the RR1 plate hadn’t changed hands since the 1960s.
Going up to auction at Bonhams, the plate had an estimate of around $653,437 and eventually sold just below that for $616,836 – which is actually more than the cost of a 2024 Rolls-Royce Phantom.
The sale of the RR1 plate was the ‘most ever paid’ for a UK license plate at a private auction.
The plate’s price was boosted due to its association with Rolls-Royce
It was the plate’s association with the iconic Rolls-Royce that helped boost its price.
“The impressive amount it achieved reflects the importance of Rolls-Royce in the motoring world,” said Bonhams’ Toby Wilson after the auction.
“Also the fact that car owners are always looking for the extra something to make their pride and joy more unique.”
The buyer of the license wasn’t revealed but we do know that RR1 now sits on a Rolls-Royce Phantom.
If you’re sitting thinking that it was a wild amount of money to spend on a plate, then you’re right – but it also turned out to be a pretty wise investment because just this year, it was valued at more than $653,437.
Not bad, right?
Claire Reid is a journalist who hails from the UK but is now living in New Zealand. She began her career after graduating with a degree in Journalism from Liverpool John Moore’s University and has more than a decade of experience, writing for both local newspapers and national news sites. Across her career she's covered a wide variety of topics, including celebrity, cryptocurrency, politics, true crime and just about everything in between.
