Ahmedabad Mirror | 1 week ago | 24-11-2022 | 06:00 am
What began as a bang for a choice registration number, GJ-18-BS-1111, soon turned into a whimper when the highest bidder failed to cough up the Rs 11,11,000 he had bid to get the coveted number for his vehicle. Suthar Ashwinkumar S who bid for the auction now stands to lose the deposit of Rs 40,000 that he paid as a reserve price. The number will now be re-auctioned.Gandhinagar ARTO Nirav Bakshi told Mirror that the auction for the BS series opened during Diwali. “1111 is a coveted and heavily bid-on number and hence is categorised as a golden number. Prospective biddersdeposit Rs 40,000 before the auction. The final bidder for the number surpassed others, but could not pay, so now the bid has been cancelled and the number will go on the auctioning block again,” Bakshi said.Pay in 5 days after bidHe said once a final bid is placed, the winning bidder needs to pay the money within five days or the number goes for auction again. Interestingly, the number does not go to the second highest bidder.Explaining why the department re-auctions such numbers instead of giving them to the second highest bidder, an official said sometimes the first and second bidders may broker a deal if the former is unable to pay.“This means the second bidder whose bid may not be high gets the number at a reasonable price in exchange for the financial understanding with the first bidder. This is why such numbers are put for auction again and never given to the second bidder,” said the source.Bidders who fail to win the bid are returned the deposit money, while those who win the bid but fail to pay have to forfeit the deposit.Six other numbers will also be cancelled after bidders failed to pay.Vehicle registration numbers are divided into golden and silver categories as per their demand.Four-wheeler owners have to pay Rs 40,000 as deposit, while two-wheeler owners shell out Rs 8,000 for the golden category. In the silver category, a four-wheeler owner deposits Rs 15,000 while a two-wheeler owner puts up Rs3,500.For other numbers, four-wheeler owners deposit Rs8,000 while two-wheeler owners pay Rs2,000 asa deposit.