No.59 number plate sells for remarkable $538,000

A rare Victorian number plate has sold for the same price as a brand new Porsche, with a Toorak bidder snapping up the two pieces of tin for the value of a complete luxury car.

The rare Victorian “59” number plate has sold for a remarkable $538,000.

A rare Victorian number plate has sold for the same price as a brand new Porsche.

One of only 90 double-digit number plates in Victoria, the black and white “59” plate sold for a remarkable $538,000 to a well-known bidder from Toorak last night.

A spokesman from Shannons, who auctioned the plate, said it was “a very good price” for the historical artefact.

“It is a lot of money but it’s something that is only going to get rarer so the price will continue to rise,” he said.

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“Really, you are getting two pieces of tin for the value of a complete car.”

In 2016 the last double-digit plate to be sold, No.21, got snapped up for $530,000.

At the time of the sale, it was the highest costing item of the auction, trumping dozens of vintage cars.

The national record for a license plate sale was for a NSW No.4 plate which sold for $2.45 million in 2017.

RED LIGHT TO EMOJI REGO PLATES IN VICTORIA

TIGERS DRIVE INTO LEAD ON CLUB NUMBER PLATES

NUMBER PLATES THAT NEVER MADE IT

MOST RECENT DOUBLE-DIGIT LICENSE SALES IN VIC

• No.21: $530,000 in 2016

• No.83: $210,000 in 2014

• No.98: $150,000 in 2014

• No.97: $180,000 in 2010

• No.47: $322,000 in 2007

— Source: Shannons