Mazad, Bahrain’s digital auction and marketplace platform, has successfully wrapped up its first-ever virtual live auction, signaling strong market appetite for interactive, digitally-driven sales experiences. The Mumtalakat portfolio company’s event, focused on distinguished vehicle plate numbers, attracted significant audience engagement and high-value bids from across the Kingdom.
Quick Facts
- Top sale: Car plate 699999 sold for BHD 140,000.
- Truck plate 111111 auctioned for BHD 51,300.
- Motorcycle plate 44444 sold for BHD 14,200.
Digital Bidding Drives High-Value Sales
The auction showcased a curated collection of 20 unique plates for cars, trucks, and motorcycles, with several lots achieving notable prices. The event’s top seller was car plate number 699999, which commanded a final price of BHD 140,000.
Other significant sales included plate number 690000, which sold for BHD 127,000, and plate number 696969, fetching BHD 85,000. The strong results extended beyond cars, with truck plate number 111111 selling for BHD 51,300 and motorcycle plate number 44444 closing at BHD 14,200.
A New Model for Bahrain’s Marketplace
The successful debut reinforces the platform’s ability to create a seamless and competitive bidding environment for premium collectibles.
Commenting on the results, Nezar Habib, CEO at Mazad, stated, “The strong response to our first live-streamed virtual auction reflects both the strength of our platform and the enthusiasm of our audience for engaging, accessible, and high-value auction experiences. This is an encouraging start, and we look forward to bringing many more live and interactive ideas to market.”
Building on the event’s momentum, Mazad is now inviting individuals who own unique plate numbers to list them on its platform, offering access to a wide audience and a streamlined selling process.
About Mazad
Mazad is a Bahrain-based digital auction and marketplace platform and a portfolio company of Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain. The company aims to foster transparency, fairness, and competitiveness in the auction market by providing an accessible digital platform for a variety of assets.
Source: Zawya
