Victoria's Single Letter has graced us with it's presence.
Ok team - a very exciting event. With the Signature Plate range turning 17 this year, single letters turn 14. In 2010, all 24 single letters were released at auction at Dutton's, for what was a truly memorable and remarkable event.
At the time, "A" was the highest selling single letter plate at $110K, followed by "X" at $100K. "V" sold for $80K. Interestingly, the letters were all auctioned via the standard alphabet sequence, except for V and X, which were positioned after Z as second last and last, respectively. That indicated to the population that V and X were treated differently in the eyes of the government and population. Fast forward 14 years to 2024, and A, X and V are among the strongest performing letters in Signature Plates, and number plates more broadly.
More about this plate though, single letter V was purchased by the Signature Plates Australia Founder and Director and two family members. The trio have proudly owned this piece of modern Australian and Victorian history with gratitude and honor. This plate has featured on a 2016 VW Golf R and a 2020 Mercedes Benz AMG C43.
Some exciting characteristics of this plate include: it's perfect symmetry; V being the letter of the state that it is registered in, which is also the biggest number plate market in the country; It's the roman numeral for 5; and it's a beautiful looking letter that is destined for the next worthy owner who will take this remarkable piece of history to the next level.
Previous single letter sales have seen "S" sell for $720K in 2023, "Q" sell for $640K in 2022 and "T" sell for $510K in 2021, all of which indicate a fast growing market, both in terms of popularity and pricing.
More recently we have also seen a more steady baseline with pricing around double repeating two characters, including FF selling at $200K and GG selling for up to $270K. Given the strength in this market at the top end, the Signature Plate market is well and truly ready to record it's first 7 figure deal - and we are so humbled to present this opportunity to you.
New plates will be issued for the new buyer, with styling at the buyer's choice (i.e. plate and character colours).
