You guys have got to see this!!!!

[1983_prostreet_]

Today, a man named Said Abdul Ghafour Khouri has agreed to pay AED 52.2 Million (US $14.3 Million) for Abu Dhabi license plate labeled "1" at an auction at the 7-star Emirates Palace Hotel here, making it the world's most expensive license plate.

The previous record was held by Abu Dhabi plate number 5, bought at auction for $6.8 million by stock broker Talal Khouri last year.

"From 1 to 10, these are the most expensive numbers," said Abdulla al Mannaie, managing director of Emirates Auctions. "Ten to 99 are the second category. On the other side, you look to numbers which is like 11, 22, 23 they are expensive because it carry [repeating digits].

Al Mannaie said vanity plates are good business -- an investment with more than a 20 percent annual return. Meanwhile, they're a status symbol on wheels.