World’s most expensive car licence plate sells for $22.5m

Singapore | A wealthy bidder has splashed out a world-record 55 million dirhams ($22.5 million) for a rare car license plate in Dubai, smashing a bar set in the United Arab Emirates more than a decade ago.

Emirates Auction sold plate number P 7 – which, at first glance, looks like the number 7 alone, with the P off to the side – on Saturday during a charity auction, according to the company. Proceeds will go to Dubai ruler Sheikh Mohammed bin Rashid’s global food aid initiative, the 1 Billion Meals Endowment.

Bloomberg