Qatar residents pay $2.7m in car number plate auction -

Qatar residents pay $2.7m in car number plate auction

Image for illustrative purpose only. (Getty Images)

Image for illustrative purpose only. (Getty Images)

Buyers have lavished a total of almost QR10 million ($2.7 million) on customised number plates at an auction in Qatar last week.

The two-day auction in Doha was organised by the country’s Traffic Department, part of the Ministry of Interior.

Participants had to submit a deposit of QR20,000 ($5,500) and bids started at QR100,000 ($27,500) according to an announcement on the department’s twitter feed.

By the time the two-day auction closed at 10pm on Thursday, the highest bid had surpassed QR900,000 ($257,000), for the number plate 377773, according to a report in Doha News.

The second most expensive license plate number, 363636, was bought for QR802,000 ($220,000).

A total of 24 number plates were up for sale. Each license plate in the auction consisted of six digits, starting with the number three and including two repeated digits.

The lowest price paid was for license plate number 335353, which went for QR228,000 ($62,600), the newspaper reported.

However, if the successful bidders don’t pay for their purchase within two days, they lose the license plate number and their deposit.

Doha News reported that the traffic department is collecting the revenues from the auction – unlike in the UAE where the proceeds from similar auctions usually go to charity.

A UAE businessman currently holds the world record for the most expensive license plate by bidding over Dh52 million ($14.2 million) for the unique license plate number 1.

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