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Oils Well in the UAE
Filed in archive News by Jeff Bressler on February 3, 2008
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Did you ever wonder, as gas prices soar, what our friends in the Middle East are doing with all that oil revenue? Well, while we struggle to pay at the pump, our carefree friends in the United Arab Emirates are bidding on license plates at auction.

It seems the lower the number the greater the prestige. And what would someone pay for that prestige? How about a combined total of $56 million for 300 plates at an auction in Abu Dhabi last year. The current world record for the most expensive license plate is $6.8 million for plate #5. The price is 10 times more expensive than the Rolls it was put on. The owner, Talal Khouri, is now gunning for plate #1 which will be auctioned later this month. He claims to be willing to pay $15-20 million.

My pleasure to pay more at the pump for your indulgence Talal baby. That would be like a year's salary for new Mets pitcher Johan Santana.



Permalink: Oils Well in the UAE
Tags: UAE  Abu  Dhabi  auction  Rolls  Royce  license  plate  2007  oils+well 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/112697
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