A wealthy UK business has rejected an offer of over £6 million (AU$10.44 million)
from Bernie Ecclestone to sell his ‘F1’ registration plates.
Wealthy entrepreneur Afzal Kahn owns one of the UK’s largest private collections of luxury vehicles and supercars – including a Mercedes SLR McLaren and a Bugatti Veyron – as well as an impressive collection of personalised license plates, including the much sought after ‘F1’ plate.
He purchased the rego plate in 2008 for a whopping £440,000 ($765,300), a then British record which Kahn still holds. And it’s proven to be a clever investment, with the metal now worth over ten times the purchase price.
A spokesperson for Kahn’s company, A. Kahn Designs, confirmed the bid, but rejected speculation that the business mogul would contemplate selling the cherished plate anytime soon.
“We have received a significant multi-million pound offer for the F1 plate which we rejected out of hand,” they said.
“Mr Kahn has no interest in selling F1, which is his favourite plate. 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.”