M1 number plate

M1 sells for a record £331,500

Number plates - world record

When M1 was auctioned at this year's Goodwood Festival of Speed in Chichester, it was expected to fetch £120,000, with bidding starting at £50,000. What no-one predicted, however, is that it would smash the world record for a number plate and fetch £331,500.

The winner, a private bidder from the North West of England, is rumoured to have bought the registration for his six-year-old son via a telephone bid. There were at least five parties interested in the number plate. The record sale of M1 eclipses the recent sale of VIP 1, reputedly sold to Chelsea FC owner Roman Abramovich.

The plate was purchased by Lord Egerton in 1903 for a car at Tatton Park, Cheshire, which is now a National Trust property. The proceeds from the auction will go towards paying for preservation work at the estate.

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