Insane F1 Memorabilia Valued At Eye-Watering $22 Million
Formula 1 enthusiasts often seek out souvenirs to deepen their connection to the sport, signifying their passion for F1. But would you consider spending a huge sum of money in the millions, to proudly display your love for the sport? A UK businessman did just that in 2008, and the value of his investment continues to rise.
Key Takeaways:
- Formula 1 enthusiasts often collect souvenirs to express their passion for the sport, but one UK businessman took it to the extreme by spending a huge sum of money on the 'F1' number plate in 2008.
- While typical F1 souvenirs include scale models, autographed items, and artifacts from vintage cars, Afzal Khan owns a car with the 'F1' number plate, purchased for £375,000 in 2008 and valued at £18 million.
- Originally registered in 1904, the number plate was sold by Essex County Council to raise funds, and it adorned Khan's Bugatti Veyron in 2010 after he reportedly declined a £5 million offer. By 2018, its value reached £5 million, eventually surging to £15,009,995.
When it comes to Formula 1 souvenirs, one might envision scale models of F1 cars, autographed cards or posters featuring F1 drivers, or even a pricey artifact salvaged from a vintage F1 car.
However, British businessman Afzal Khan owns a car with the numberplate 'F1' currently valued at £18 million. He purchased the number back in 2008 from the Essex County Council for a total sum of GBP 375,000 to put on his McLaren SLR.
Originally registered by Essex's county surveyor in 1904, the plate was sold to generate revenue for the council. By 2010, it adorned his Bugatti Veyron, a move made after Khan reportedly turned down a £5 million offer, as per a report from BBC.
Over the following eight years, the plate's value surged to an astounding £5 million by 2018. Including additional expenses and the 20% VAT rate, the final sum reached £14.4 million.
If you're wondering what it's worth today, then there is an answer. Look up details of the number plate on Regtransfers, and you'll notice it is valued at £15,009,995. Add the VAT, and you'll see the figure clock the $22 million/ £18 million ceiling.
However, it is uncertain whether the number plate is still affixed to the Veyron or if it has been transferred to a different vehicle.