Are there any plates for sale on the duttons web site? i cant seem to find any at the moment?
of the 3-digit examples, as far as investment value goes it it simply a case of the lower the # the better, or do other variables come into play?
Generally speaking the lower the number, the higher the value. However, numbers with specific meaning can be vastly more valuable. For example # 666 is a relatively high 3 digit but it sold for low 3 digit money. # 888 would be extremely valuable too. I paid big bucks for # 288, certainly more than the numerical value would indicate. Triple digits are relatively easy to find (unless you want a specific number). All it takes is writing the cheque. Two digits are very hard to get and they are VERY expensive. Single digits you can forget about as they are owned by people who really don't need the money and rarely want to sell.
So has the number plate market hit it's ceiling or is there still money to be made in the next few years?
from what SD has told me, since the early 80s the heritage plate market has been one of steady upward growth with perhaps a few periods of slowing....never down
always a risk component isnt there unfortunately two schools of thought...do you buy in now given the historical strong growth, or wait for the next 'correction' surely a dip in values would be short term anyway. i cant see heritage plates permanently devaluing anytime soon, as there is a finite supply and as the population grows, surely more and more people will be wanting to buy into that pool of plates
All I can say is I have a fair bit of money in investment plates now and I am not selling. I am actively looking to buy a good 2 digit plate to add to the "portfolio". I have a number of friends who have a hell of a lot more money in plates and they are not selling either. That seems to indicate confidence to me. The long term trend is up, though like any market it has it's peaks and troughs. No doubt about it, they are at an unprecedented high point at the moment and I suggest taking a longer term view if you are buying now. Just remember that the really good plates rarely come up and when they do, they tend to disappear off the market for a very long time.
would 3-digit plates in general be good candidates for long term growth? Or is it just the 'significant' combinations that will continue the strong upward trend...?
The plates that raise real cash are heritage plates. Mr McLennan recently sold an original enamel Victorian plate, 156, for $38,000. "There's a lot of heritage plates. They're a very tightly held plate and there are always about 20 on the market at any time. They are worth some serious money. A two-digit one - that's worth about $99,000. Big bucks."
That's about right. I paid $30k for # 360 around that time................. and I knowingly overpaid as I really wanted that plate for my Modena.
mark judging by the amount of time he spent eyeing my car off in Tas, it really would come as no surprise