Our machinery and business assets team recently sold the “W1 NGS” number plate by online auction, realising £49,000 in the process.
The highest bid on the plate was made by a purchaser on behalf of his son who earned his pilot’s license at the age of 17. He jointly holds the world record for the most airfields visited in 24 hours by a fixed-wing aircraft (87 total number).
With approx. 3,500 engagements on the SW Facebook page, the sale generated significant interest. Over 39 registrations including prospective overseas purchasers, a good response considering there was only the one lot.
Personalised number plates are growing in popularity with over 330,000 sold during 2017, more than four times the number that were sold around the turn of the century. Number plates also continue to increase in value with the “W1 NGS” plate sold by DVLA in 2000 for £30,000, an increase in value of over 63% in just under 20 years.
Stephen Jepson, associate partner in our machinery and business assets team commented, “This was the last sale of 2018 for myself and the team and it was a fitting way to round off another incredibly successful year.”
“We’re used to dealing with the sale of a wide variety of interesting lots and have been involved in selling several number plates previously, so we appreciated the value in this particular item going into the auction. We’ve already had an encouraging start to 2019 and look forward to finding out what interesting lots appear for sale this year.”
We were instructed to sell the plate by the Liquidator, Claire Dwyer, partner at Jones Lowndes Dwyer LLP.
If you’re interested in finding out more information about our machinery and business assets, valuation and disposal services then please contact Stephen on 0161 259 7056.