RECORD REG­IS­TRA­TION PLATE PRICE

$2.45 MIL­LION PAID FOR NSW 4

Unique Cars - - NEWS -

PROP­ERTY AND GOLD prices are go­ing through the roof.

Now add reg­is­tra­tion plates to that list, with a record $2.45 mil­lion paid by Chi­nese bil­lion­aire Peter Tseng, for New South Wales plate 4 at Shan­nons Syd­ney Win­ter Clas­sic auc­tion re­cently.

An open­ing of­fer of $1 mil­lion set the scene, with a con­tin­gency of cashed up buy­ers en­ter­ing into a bid­ding frenzy be­fore Tseng aced them and se­cured the rare plates, at the same time set­ting a new price record.

Tseng now adds NSW 4 to his col­lec­tion of NSW 2 as well as the Hong Kong plate 1.

The price paid by Tseng eclipsed the com­bined value of all cars sold at the auc­tion on the night, which to­talled $1.76 mil­lion.

Fol­low­ing the auc­tion Shan­nons Na­tional Auc­tion Man­ager Christophe Bori­bon said, “Just nine of these New South Wales num­ber plates were ever is­sued, mak­ing them ul­tra-col­lectible and ir­re­place­able. Their unique sta­tus and de­sir­abil­ity is never go­ing to change."

Be­fore Tseng slapped down his record amount, shat­ter­ing the pre­vi­ous record of $689,000 for NSW 2 in 2003, reg­is­tra­tion plate prices were al­ready march­ing north.

Ear­lier this year $745,000 was paid for NSW 29 and $705,000 handed over for NSW 36.

Not to be out­done, a Vic­to­ria buyer forked out $530,000 for the Vic­to­rian plate 21 in 2016.

And there are even some three-digit plates in high de­mand with $192,000 paid for NSW plate 321 ear­lier in the year.

Have we hit a ceil­ing? Will the new record price tempt sell­ers to part with their heir­looms? Only time will tell.

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