Regtransfers Poised to Smash UK Sales Record With Auction of a Special Piece of British Motoring History

LONDON, Aug. 31, 2012 /PRNewswire/ -- The largest independent specialist in the sale and transfer of private number plates in the UK, Regtransfers, is preparing for the October auction of registration X 1. Some industry commentators have predicted that the price could top £1 million and become the most expensive number plate ever sold in the UK. Regtransfers, although optimistic, remain a little more cautious.

"We are wary of raising expectations prematurely," said marketing manager, Angela Banh. "Although when one looks at the prices commanded by previous sales of number 1 plates it is easy to see why some of the experts expect big things for X 1."

X 1 was one of the first registrations ever released in the UK; it was originally issued by Northumberland County Council in 1903.  Legend has it that the number was once owned by the chairman of a committee in Tynemouth that campaigned for the abolition of legislation that had been in place since 1865. Motorists had to obey a speed limit of four miles per hour, while having someone with a red warning flag walk 60 yards ahead of each vehicle.

The current UK record for the most expensive number plate stands at approximately £500,000, which was the amount paid by an unidentified purchaser for a number plate brokered by Regtransfers in 2011. As X 1 is presently being listed at a price of £1 million on the company's website, it looks highly possible that it will not only set a new standard, but that it could do so by a significant margin.

Angela Banh said: "This will be an outstanding event. Of course, everyone is waiting to see whether the auction will break the UK sales record, but it will be almost as interesting to find out who the buyer will be. The reasons people have for buying personalised number plates are incredibly varied. That's why we are so eager to see who will be bidding on X 1. It could be someone from X Factor fame - Leona Lewis, Olly Murs or even Simon Cowell himself - or some other x-related celebrity such as rapper Xzibit, or Patrick Stewart, who played Professor X in X-Men. Alternatively, it could be snapped up by a company like Xerox. At the end of the day, whoever succeeds in the auction will enjoy the honour of displaying one of the most significant registrations ever offered for public sale; a coveted piece of British motoring history."

X 1 will be offered for sale on the number plates auction section of the Regtransfers website in early October, unless sold before bidding begins. For more information about the auction or for details about buying and selling personal registrations, call 01582 967777 or visit www.regtransfers.co.uk.

For more information or images contact Kirsty Shaw at Punch Communications on 01858 411600 or [email protected].

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SOURCE Regtransfers