License Plate 51K-868.68 Auction: First Round Bid Forfeited, Second Round Bid Exceeds 2 Billion VND

The license plate bearing the unique code 51K-868.68 in Ho Chi Minh City was recently sold for nearly 7 billion VND in a highly anticipated auction. This lucky number plate has now become a rare and incredibly valuable collector's item.

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This morning, on September 22, 2023, the joint venture auction company in Vietnam continued to conduct auctions for beautiful license plates, including the license plate 51K-868.68 “matching order” at a very high price. Specifically, after 1 hour of auctioning, a customer with the code VPA-UDS5GT bravely bid for the beautiful license plate 51K-868.68 up to 4.86 billion VND, becoming the winner, just 5 million VND higher than the second-place bidder, and 10 million VND higher than the third-place bidder.

However, on the morning of November 10, 2023, the license plate 51K-868.68 was put up for online auction by the joint venture auction company in Vietnam, indicating that the mysterious tycoon with the code VPA-UDS5GT who won the auction for this license plate on September 22 had placed a deposit of 40 million VND. As a result, all the digits 6 and 8 in the 51K prefix had to be re-auctioned with unexpected results.

The auction process of the license plate 51K-868.68 from 8 a.m. to 9 a.m. this morning, November 10, 2023 showed that in the first 5 minutes, this beautiful license plate was bid over 1 billion VND. In the last few minutes, the license plate 51K-868.68 had the highest bid of over 6.5 billion VND.

Finally, a tycoon bid for the license plate 51K-868.68 up to 6.845 billion VND, 150 million VND higher than the second-place bidder. This shows that there was no close competition, instead, the highest bidder was very confident and bid in the last few seconds, creating a high difference between the first-place and second-place bidders.

So, the set of lucky license plates of Ho Chi Minh City with the prefix 51K, numbered 868.68, was bid for nearly 7 billion VND in the license plate auction on November 10, becoming a rare license plate that was re-auctioned for a higher price than the first time.

According to regulations, the winner of the auction for the license plate 51K-868.68 of Ho Chi Minh City must pay the full amount within 15 days from the date of the announcement of the results. This amount will be deducted by the deposit (40 million VND), but does not include the vehicle registration fee. Therefore, the remaining amount that the customer needs to pay is 6.805 billion VND.

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