Today, a man named Said Abdul Ghafour Khouri has agreed to pay AED 52.2 Million (US $14.3 Million) for Abu Dhabi license plate labeled "1" at an auction at the 7-star Emirates Palace Hotel here, making it the world's most expensive license plate .
The previous record was held by Abu Dhabi plate number 5 , bought at auction for $6.8 million by stock broker Talal Khouri last year.
"From 1 to 10, these are the most expensive numbers," said Abdulla al Mannaie, managing director of Emirates Auctions . "Ten to 99 are the second category. On the other side, you look to numbers which is like 11, 22, 23 they are expensive because it carry [repeating digits].
Al Mannaie said vanity plates are good business -- an investment with more than a 20 percent annual return. Meanwhile, they're a status symbol on wheels.
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