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Well, when you’ve got money like this, why not spend it on something that will turn heads - and no, we’re not talking about the car. Businessman Afzal Kahn, boss of Kahn Design and Project Kahn tuning house, cashed out a winning bid of £440,625 (that’s $870,000) for the right to own the UK ‘F1' license plate. The 37-year old beat the previous record held by ‘M1' that sold for £331,000 in July 2006.

Kahn threw the $870k license plate on his Mercedes-Benz McLaren SLR, which cost £200,000 less than the license plate.

“I knew I just had to...

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Baller Status: Tuner pays $870k for ‘F1' license plate

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