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Why Are Collectible Number Plates Fetching Millions?
Manage episode 428146722 series 2908225
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In this clip of "The Court of Public Opinion LIVE," on Friday Jun 21, 2024. Jeremy Cordeaux talks with Janetto, an expert and enthusiast in collectible number plates. The discussion covers the value, history, and investment potential of number plates, along with personal anecdotes and industry insights. Here’s a summary of the main topics covered:
- Introduction to Janetto: Introduction and pronunciation of Janetto's name, its Greek origin.
- High-Value Number Plates: Discussion about the high prices of collectible number plates, including a recent sale of a plate for $2.54 million.
- Collectibility and Investment: The potential for number plates to appreciate in value and their desirability as collectible assets.
- Historical Issuance: The history of number plate issuance by state governments and changes in laws affecting ownership and transfer.
- Restricted Rights: Explanation of the restricted rights associated with some older number plates and the legal challenges in selling them.
- Aesthetic Appeal: Personal preferences for number plate aesthetics, including black and white plates and specific numeric sequences.
- Ownership and Insurance: Issues related to insuring valuable number plates and the process of replacing stolen plates.
- Market Competition: Insights into the competitive market for number plates and Janetto’s involvement in offering healthy competition.
- Personal Collecting Journey: Janetto's journey in collecting number plates, starting with his first purchase at age 18.
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