A businessman has turned down an offer of more than £6million for his ‘F1’ registration plate – enough cash to buy him 600 Ford Fiestas.
Afzal Kahn has spent hundreds of thousands of pounds building up one of the country’s most impressive private plate collections.
And the most desirable of the registrations is his beloved ‘F1’, which currently sits on the front of his Bugatti Veyron supercar.
The entrepreneur caused a stir when, in 2008, he paid a staggering £440,000 for the cherished plate – a British record.
But it’s proven to be a savvy investment with the plate’s value increasing by more than ten times after one ultra-rich individual offered £6million for it.
The staggering sum of money could have bought six more Bugatti Veyrons, 75 Range Rovers or 600 Ford Fiestas.
However, Mr Kahn, who runs A Kahn Design in Bradford, rejected the offer believing it is worth considerably more.
Indeed, he has no pressing need for new cars, with our pictures also showing him posing with the plate attached to his Mercedes SLR McLaren, which go for between £200,00 and £300,000 second hand.
Mr Khan’s refusal to sell the plate means that he still likely holds the record for spending the most money on a UK registration plate.