Fancy number plate fetches QR712,000 in online auction

 22 Sep 2016 - 14:54

Fancy number plate fetches QR712,000 in online auction

By Sidi Mohamed / The Peninsula

DOHA: The total collection in the second day of the fourth online auction of 25 fancy car plates launched by the General Directorate of Traffic reached more than QR7m.

The plate number 322222 has registered yesterday the highest price which is QR712,000, while the plate number 366666 registered the second highest price of QR682,000. The lowest price was QR130,000 for the plate number 363633, while other plate numbers ranged from QR160,000 to QR500,000.

The total collection on the first day was more than QR4.6m, and the highest price was 464,000 for the plate number 355555. The bidding is done through Metrash 2 and will end today at 10pm. It began at12 noon on Tuesday and today it is expected to witness more competition among bidders.  

The General Directorate of Traffic at the Ministry of Interior has announced as per rules, that bidding starts from QR100,000 and participants are required to make a deposit of QR20,000 as insurance.