Massachusetts license plate number MV 1 raised $46,500 Sunday, as the annual Possible Dreams auction went live online for the first time in its 42-year history.

“You still have to make a ferry reservation,” cautioned event host and late-night television star Seth Meyers, as bidding on the VIP plate drew to a close.

Mr. Meyers also suggested that Island motorists should acknowledge the winning bidder when they see the MV 1 plate out on the road.

“Be sure to say thank you — maybe two polite honks,” he said. “But this is New England . . . so if they cut you off, feel free to give them the middle finger.”

Proceeds from the plate will be divided 80 per cent to 20 per cent between Martha’s Vineyard Community Services and the Driving the Future Charitable Fund, a joint venture with the Permanent Endowment for Martha’s Vineyard.

Three other Possible Dreams auction lots — a Tom Maley sculpture, orchids from Donaroma’s and a “fast pass” for guaranteed seating at the Artcliff Diner — closed in advance of Sunday, raising $11,000 for Community Services between them.

Held on Zoom, the live event was a relaxed affair with Mr. Meyers and auctioneer Sherry Truhlar joining from homes and Community Services officials from the studios of MVTV.

Mr. Meyers, who is visiting his in-laws on the Vineyard, also brought his two young children onscreen for a brief appearance before they scampered away.

The late-afternoon auction ended with auctioneer Sherry Truhlar announcing more than $100,000 raised, but that was just the start for this year’s event. Numerous auction lots are still up for grabs on the Possible Dreams website, where bidding ends Tuesday at 9 p.m.

They include a virtual game night with Mr. Meyers, a day on a private luxury yacht and a one-of-a-kind scrimshaw watch, designed by author and artist Marc Brown, featuring his beloved children’s character Arthur the Aardvark.

“I had to make sure my four-year-old son could not bid, or it would go for a million dollars,” Mr. Meyers said of the Arthur watch.

Other lots include bespoke art experiences, such as a 30-by 40-inch custom painting by Allen Whiting, a glass-blowing experience with Russell Carson and the chance to collaborate on a custom sculpture by Anthony Holand.

Over the years, Possible Dreams has generated about $8 million for Island social services through Community Services, Ms. Truhlar said.

To browse and bid, go to the Community Services website.