Online fancy car plate bids fetch over QR16m

 24 Sep 2016 - 10:35

Online fancy car plate bids fetch over QR16m

By Sidi Mohamed | The Peninsula

DOHA: More than QR16m have been collected at the fourth online auction of 25 fancy car plates which concluded on Thursday night.
The bidding witnessed strong competition among participants, especially in last hours. Plate number 311113 fetched the highest price which was QR2,304,000, followed by plate number 322223 which fetched QR2,010,000. Plate numbers 313131 and 322222 fetched more than QR1.5m each. 
The lowest price was for plate number 363633 with QR190,000.
The bidding launched by The General Directorate of Traffic at the Ministry of Interior was done through Metrash 2 and continued for three days from Tuesday 12 noon to Thursday late night.
The General Directorate of Traffic announced, as per rules the bidding would start from QR100,000 and participants were required to make a deposit of QR20,000 as insurance. The total collection of the first day was more than QR4,6m, while on the second day it crossed more than QR7m.