RLA auction: Rs 26 lakh bid for another 0001 number | chandigarh | Hindustan Times
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RLA auction: Rs 26 lakh bid for another 0001 number

Passion knows no boundaries, not even of price tags. A city resident broke all previous records on Friday by winning the bid for a registration number for his luxury car for a whopping Rs 26.05 lakh.

chandigarh Updated: Aug 10, 2012 12:19 IST
HT Live Correspondent

Passion knows no boundaries, not even of price tags. A city resident broke all previous records on Friday by winning the bid for a registration number for his luxury car for a whopping Rs 26.05 lakh. His car, an S-class Mercedes-Benz, costs four times the price paid for the number.


Interestingly, the reserve price for "0001" number was Rs 25,000 only.

Amarjit Singh, a resident of sector 44, Chandigarh, bid the highest for registration number "0001" of the CH-01-AP series at the auction held at the UT Registration and Licensing Authority (RLA) on Friday. Singh has purchased the fancy number for his white-coloured S-class Mercedes-Benz, market price of which ranges between Rs 90-95 lakh.

Asked what prompted him to spend such a huge amount on the registration number, Singh said: "I am a farmer by profession and it was my wish to purchase this number, come what may." He refused to comment on whether he owned other cars also with similar numbers, the usual reason people give for bidding for registration numbers.

In the last auction held in June for the registration number of CH-01-AN series, Jagjit Singh Chahal, owner of Chandigarh-based Chahal Tyres Private Limited, had offered a record highest bid of Rs 17 lakh for registration number "0001". However, today's bid surpasses all past records, which just two months ago was being perceived as insurmountable.

"Craze for "0001"can well be gauged from the fact that there were around 10 bidders for the number. A total of 328 applicants participated in the bidding for 99 fancy numbers listed for auction," said Registration and Licensing Officer Sanjeev Kohli.

Besides, "0005" and "0007" fetched Rs 4.5 lakh and Rs 3.75 lakh, respectively.

PREVIOUS RECORDS
- Former Haryana director general of police (DGP), who remained in news for his involvement in the infamous Ruchika molestation case, had offered Rs 10 lakh for registration number CH-01-AM-0001 on April 24 this year.

- For CH-01-AK series, a Punjab-based agriculturist had paid Rs 7 lakh to purchase number "0007", for its resemblance with the code word synonym with British spy James Bond.

Overheard…
"Had the amount been used for charity, 25 poor girls could have been married." People echoing such sentiments could be heard at the RLA office after news of the bid spread.