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A license plate in Xinzhou will be auctioned, asking for more than a million more than Sydney's house price.

 
[Economic News]     03 Aug 2017
A license plate with the number "4" will be auctioned at the end of this month, with a asking price between A $1.2 million and A $1.4 million for. (Domain pictures.)

A license plate with the number "4" will be auctioned at the end of this month, with a asking price between A $1.2 million and A $1.4 million for. (Domain pictures.)

A new state license plate, "4", will be auctioned at the end of this month for between A $1.2 million and A $1.4 million, surpassing Sydney`s median price, according to Domain.

It is understood that the 1910 registered "4" license plate will be auctioned at the 2017 Shannons Sydney Winter auction (2017 Shannons Sydney Winter Classic Auction) on Aug. 28. There were also 26 cars for sale, including a 1924 Rolls-Royce for A $ one hundred and twenty thousand; a 1964 Porsche for A $ one hundred and twenty five thousand; and a Ford Mustang (Mustang Fastback), for A $ one hundred and twenty thousand. But the license plate costs more than all vehicles, between A $1.2 million and A $140, more than Sydney`s median price of A $1.18 million.

In 2010, Simon (John Symond), founder and executive director of Australian home loan (Aussie Home Loans), bought the license plate from a property developer. Simmond confirmed that he sold the license plate 18 months ago to a mysterious buyer from South Sydney. There was news that the price at the time was about A $1 million.

A license plate with the number "4" will be auctioned at the end of this month, with a asking price between A $1.2 million and A $1.4 million for. (Domain pictures.)

License plate enthusiast Moore (Shane Moore) said it is rare to change hands so quickly in unit numbers, which are typically held by a family for decades. He pointed out that as an asset class, the value of license plates has risen in recent years, but it is also an asset with increased value volatility and investors will sell it if the market is not good.

It is reported that the number of units of the traditional license plate has been one of the rich people`s precious collection. Earlier, a number of more special license plates were sold at a high price.

For example, in 2003, an Asian businessman bought a new state license plate with the number "2" for A $ six hundred and eighty two thousand nine hundred and ninety nine; in 2008, another new state license plate, "6", sold A $ eight hundred thousand; In 2010, the license plate number "8" also sold for A $ five hundred thousand because it was auspicious in traditional Chinese culture.

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