So you have $5 million. Imagine the things that you can do with it. If you’re in the market for a supercar, you can buy anything the industry has to offer, including the Koenigsegg One:1, the Bugatti Chiron, and even wait for the upcoming the Aston Martin AM-RB 001 hypercar. If you have a good dealer, you might even be able to fit in two of those cars with that budget. But Emirati businessman, Arif Ahmad Al Zarouni, is cut from a different cloth. A very, very different cloth. See, Al Zarouni recently spent $4.9 million on a license plate. A freakin’ license plate.
To be fair, the license plate he bought carried the number “1,” which is apparently a huge deal for car collectors in the United Arab Emirates. Al Zarouni himself admitted that he always wanted to own the “1” license plate and was prepared to bid with an open check to get it. That’s exactly what he did at an auction organized over the weekend, beating out a handful of other bidders to secure the license plate of his dreams, paying 18 times more than the indicated reserve price on the item.
If that’s not a clear-cut example of flexing your lavish wealth, the entire auction took the honors in doing that. According to event organizer Emirates Auction, 1,340 bidders participated in the event, 60 of whom paid a knee-buckling $13.6 million on special license plates. The “1” plate may have been the biggest winner of the lot, but the “12” and “22” plates did pretty well for themselves too, fetching prices of around $563,550 and $566,300, respectively.
The sheer absurdity of these plates fetching bids deep in six-figure territory helped the auction earn its status as one of the biggest auctions ever organized in the United Arab Emirates. All because Arif Ahmad Al Zarouni wanted the “1” and did just about everything in the power of his check book to see that he won it.
Continue after the jump to read the full story.
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