Community

Australian Number Plate Sells For Record-Breaking $2.45 Million

Australian Number Plate Sells For Record-Breaking $2.45 Million

A black-and-white number plate with the single digit “4” has sold at an Australian auction for a record-breaking $2.45 million — more than twice the average cost of a Sydney home.

SYDNEY, AUSTRALIA: A black-and-white number plate with the single digit “4” has sold at a Sydney auction for a record-breaking near US$2.0 million, reportedly to a Chinese-Australian sex toy entrepreneur.

The sale shattered pre-sale estimates of up to Aus$1.5 million, with the auction hammer coming down at Aus$2.45 million — more than twice the average cost of a Sydney home.

“Just nine of these New South Wales number plates were ever issued, making them ultra-collectible and irreplaceable,” said Shannons auction manager Christophe Boribon.

“Their unique status and desirability is never going to change.”

“The opportunity to acquire such a plate is exceptionally rare, as most single-digit plates remain in family hands, are usually passed down through generations and rarely, if ever, come onto the open market.”

The auction house refused to reveal who the buyer was, but the Sydney Morning Herald said it was Chinese-Australian billionaire Peter Tseng, who made his fortune in sex toys.

It said he arrived at the Sydney auction on Monday evening in his red Ferrari bearing a No.2 licence plate.

He also reportedly owns a Hong Kong-registered No.1 plate and a personalised number plate “ONE” registered to his 1969 Mercedes in Sydney.

Boribon said the previous Australian auction record was for the NSW plate “2”, which sold for Aus$689,000 in 2003.

According to records, the “4” plate first adorned a 1909 Rolls-Royce Silver Ghost, then owned by Michelin tyres importer Noris Duval, in New South Wales in the early 1920s.

More recently it was on another Rolls-Royce — that of Aussie Home Loans founder John Symond, who then sold it to a Sydney collector who was among crowd on Monday.

The number “4” was one of seven black-and-white heritage NSW plates at the auction, with “321” selling for Aus$192,000 while “1968” made Aus$94,000.

According to the Herald, the New South Wales “1” plate is owned by the family of the late founding chairman of Australian National Airways, Sir Frederick Stewart, which has been in the family since the 1930s.

The number four is considered unlucky in Chinese culture because it almost sounds similar to the word for “death”.

Online Source: NDTV

Community

More in Community

Dhanteras 2017: Why do you buy gold, silver and utensils on this day; and things to remember while buying

Dhanteras 2017: Why do you buy gold, silver and utensils on this day; and things to remember while buying

The Indian TelegraphOctober 17, 2017
Official launch of Adani's Carmichael mine cancelled

Official launch of Adani’s Carmichael mine cancelled

The Indian TelegraphOctober 16, 2017
Diwali festival to light up Blacktown Showground this Sunday

Diwali festival to light up Blacktown Showground this Sunday

The Indian TelegraphOctober 14, 2017

Inside the mind of Ruma Mundi

The Indian TelegraphOctober 12, 2017

President seeks sustained engagement with overseas community

The Indian TelegraphOctober 12, 2017
NSW to weaken water quality test for extensions to mines

NSW to weaken water quality test for extensions to mines

The Indian TelegraphOctober 10, 2017
Masterchef Australia’s Chef George Calombaris on jalebis, spices and food fantasies

Masterchef Australia’s Chef George Calombaris on jalebis, spices and food fantasies

The Indian TelegraphSeptember 27, 2017
Aussies ‘treated like criminals’ at US border

Aussies ‘treated like criminals’ at US border

The Indian TelegraphSeptember 25, 2017
National disability insurance scheme 'faceless' and rigid, inquiry told

National disability insurance scheme ‘faceless’ and rigid, inquiry told

The Indian TelegraphSeptember 20, 2017
Lord Ganesha

Calls to ban ‘insulting’ lamb ad featuring Ganesha dismissed by standards bureau

The Indian TelegraphSeptember 19, 2017
Shark alert issued after man injured in Point Samson

Shark alert issued after man injured in Point Samson

The Indian TelegraphSeptember 12, 2017
Peppa Pig 'spiders can't hurt you' episode pulled off air in Australia – again

Peppa Pig ‘spiders can’t hurt you’ episode pulled off air in Australia – again

The Indian TelegraphSeptember 5, 2017
Shark nets to be trialled again on New South Wales north coast beaches

Shark nets to be trialled again on New South Wales north coast beaches

The Indian TelegraphSeptember 1, 2017
Police search for man who indecently assaulted teenager

Police search for man who indecently assaulted teenager

The Indian TelegraphAugust 30, 2017
Australia offers to train Philippine army in fight against Islamic State

Australia offers to train Philippine army in fight against Islamic State

The Indian TelegraphAugust 29, 2017
Bail for man accused of driving getaway car in Bondi attack

Bail for man accused of driving getaway car in Bondi attack

The Indian TelegraphAugust 26, 2017
National Skills Week 2017: Vocational training is the first step for many creative careers

National Skills Week 2017: Vocational training is the first step for many creative careers

The Indian TelegraphAugust 26, 2017
Proposed citizenship changes might have prevented Sydney siege, official says

Proposed citizenship changes might have prevented Sydney siege, official says

The Indian TelegraphAugust 25, 2017
Coalition urges high court to fast-track MPs' citizenship cases

Coalition urges high court to fast-track MPs’ citizenship cases

The Indian TelegraphAugust 23, 2017
Facebook

Senate hears Facebook pays news publishers average of $100 a day to use content

The Indian TelegraphAugust 23, 2017
Drivers are being urged to stay clear of central Moonee Ponds as police conduct safety checks

Drivers are being urged to stay clear of central Moonee Ponds as police conduct safety checks

The Indian TelegraphAugust 21, 2017