Wheels24

WWW car plates printing money

2012-05-28 11:57

Kuala Lumpur - The World Wide Web has inspired a bidding war in Malaysia - on vehicle licence plates.

More than 18 000 people submitted bids when the prefix "WWW" became available on this south-east Asian country's plates. The Road Transport Department said the most-coveted, "WWW1", sold for a record 520,000 ringgit (about R1.33-million) to Malaysian royal state leader Sultan Ibrahim Ismail.

R30m EARNINGS LIKELY

The constitutional leader of Malaysia's southern Johor state is reputedly a car enthusiast.

Officials estimate the successful WWW bids will earn the transport department close to R30-million.

The previous highest sum paid for a licence plate in Malaysia was the equivalent of about R764 0000 for MCA1, the abbreviation for a national political party.

AP