'1' license plate fetches $14 millionStory
 

These guys are nuts, but I am sure it is a drop in the bucket for them.

'1' license plate fetches $14 millionStory

United Arab Emirates began holding auctions of vanity car plates last May

Auction of 90 vanity plates collects $24 million for charity in UAE

Proceeds go to rehabilitation center for victims of traffic accidents


ABU DHABI, United Arab Emirates (AP) -- A license plate with nothing but the number "1" on it went for a record $14 million at a charity auction Saturday.


The coveted license plate sits in a display case before the start of a charity auction Saturday in Abu Dhabi.

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.

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.

Proceeds from the auctions, which are held in a lavish hotel here, go to a rehabilitation center for victims of traffic accidents.

On Saturday, 90 license plates were auctioned off in all, raising a total of $24 million. The previous five such events raised more than $50 million. E-mail to a friend

RE: '1' license plate fetches $14 millionStory
 

OMG! Now thats alot of $$!