Afzal Kahn Turns Down $9 Million Offer for His "F1" Plates

F1 license plate bought for $880.000

In addition to owning one of the most recognized aftermarket companies in the world in Kahn Design, businessman Afzal Kahn also has a pretty fabulous collection of exotics to call his own.

Recently, though, Kahn made headlines, not because of any new supercar purchase or a new program for the multitude of vehicles that go through Kahn Design. Instead, he’s in the news because he apparently turned down a $9.4 million offer to buy his “F1”numbered license plate, which was first registered to a Panhard Levassor — a 15-horsepower, four-door car — in 1904.

Remove yourselves from the ridiculousness of buying a license plate for almost $10 million and you’ll probably realize that the “F1” plates aren’t your typical plates to begin with. For one, the Daily Mail reports that it’s been in circulation for 109 years, far longer than most automakers in existence today!

Second, it really does cost a figurative trip to the moon. Back in 2008, Kahn purchased the plates for a staggering$880,000 , a figure that a lot of people scoffed at when he made the purchase five years ago at a charity auction.

Well, look who’s scoffing now.

Kahn, of course, turned down the staggering offer, opting to keep the license plates to himself because he believed it’s worth a lot more than the offered amount, plus he’s known as quite the Formula One racing fane. How much more? Who knows, really, but the fact that he wouldn’t even entertain the idea of splitting with the plate number goes to show how valuable he thinks they are. And for good reason, too, because according to a spokesman for Kahn Design, “the interest on this plate is enormous, yet Kahn’s willing to wait for an even bigger offer that will undoubtedly come moving forward.

Click past the jump to read about one of Kahn Design’s most recent programs

Source: Daily Mail

2013 Ferrari 458 Spider by Kahn Design

Ferrari 458 Spider by Kahn Design

Not one to mix his love for British cars with tepid interest in other brands, Kahn Design recently showed its versatility by building a new program for one of Italy’s finest, the Ferrari 458 Italia Spider.

The new package starts with a lowered suspension and features a new front section and rear styling details painted in black. The car sits on Monza forged alloy wheels finished in any desired color with black painted calipers peeking through the rims.

For the exterior, the tuner opted for a very nice Grigio Alloy paint and replaced the fabric roof with a new, folding hardtop. The roof folds in 14 seconds, and is 25 kg (55 pounds) lighter than the original top.

The 458 Italia Spider is powered by a 4.5-liter V-8 engine that delivers an impressive 570 horsepower, allowing it to hit 0-60 mph in just 3.4 seconds to go with a top speed of 198 mph.

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