Afzal Kahn Turns Down £6 Million Offer For Novelty Licence Plate 'F1'

By Ganesh

We have all read stories about super rich people spending millions of dollars on personalized, vanity licence plate. Here is the latest story, coming from the United Kingdom.

Afzal Kahn is a UK based businessman, well known for his automobile customization firm A. Kahn Design, which has worked on everything from rare Ferraris to the Queen's Maybach. Kahn is also know, to a lesser extent, for his collection of expensive cars and a few extremely valuable, not to mention, highly coveted, novelty licence plates which he has acquired over the years.

One such licence plate owned by him is the 'F1', which is said to be his favourite. Kahn was reportedly approached by an unknown wealthy person recently who offered to pay £6 Million ($ 9.35 million) for 'F1', but had to leave empty handed.

kahn f1 plate

"We have received a significant multi-million pound offer for the F1 plate which we rejected out of hand. Mr Kahn has no interest in selling F1, which is his favourite plate." Dailymail quotes a A.Kahn design spokesperson as saying.
"Cherished number plates, unlike property or other investments tend not to fluctuate in value, they only go up. It really shouldn't be a shock to people that the number plate is worth millions of pounds," he added.

That is very true. Kahn was not the original owner of the F1. The 109 year old registration plate was being used by Chairman of Essex County Council before Kahn bought it for a 'measly' £440,000 in 2008, which remains a record in the UK. That's about 15 times less than what has been offered just 5 years later.

bugatti f1 plate

Kahn's F1 plate has been seen on his million dollar Bugatti Veyron and his Mercedes SLR McLaren. Besides F1, Kahn is also the proud owner of the plates '4HRH' and 'NO1'.

We'll end this by telling you about the most money paid for a licence plate. It was in 2008 by a Abu Dhabi businessman Saeed Khouri for a United Arab Emirates registration plate, '1'. He spent £7.1million (~$11 million).

Most Read Articles

English
Read more on: #off beat
Article Published On: Friday, August 23, 2013, 16:20 [IST]
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X