Besides tuning high-end cars, Afzal Kahn, the owner of Kahn Design, has an affinity for collecting personalized number plates. He is currently in possession of a large number of sought after plates, and as it turns out, making good business out of them.
The crown jewel of Kahn’s collection is the F1 number plate which he bought back in 2008, in the midst of the global economic downturn, for £460,000. He is now selling this number plate, asking for over £10 million (£10,009,995).
Kahn has reportedly turned down a £6 million and is not going to settle for anything less than 10 mil. After all, the F1 number plate has only increased in value over the past six years and it’s not showing any signs of slowing down. It is currently registered for a McLaren Mercedes SLR and a Bugatti Veyron.
Personalized plates are a big source of income for UK’s Driver and Vehicle Licensing Agency (DVLA). Since 1989 when they started offering these plates, DVLA has raised £1.8 billion for the Treasury. Last year alone they made £67 million.
Kahn Design via Roadmag