Dubai licence plate sells for $520k

A car licence plate auction in Dubai has raised more than AED25m (US$6.8m) in proceeds, the Roads and Transport Authority said.

The auction, which featured car number plates with as few as two digits, saw one plate (L16) went under the hammer for AED1.9m. Plate N70 was sold for AED1.64m while L55555 went for AED1.13m.

Dubai regularly hosts auctions for rare licence plates and abandoned cars. The emirate made global headlines last year when it was reported a rare US$1.6m Ferrari Enzo would be auctioned.

The car, which had been one of only 399 in the world, was reported to have been impounded by police in 2011 after being dumped in a car park by its British owner.