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Taxi medallions sells for $2.5 million
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Author:  captain cab [ Sat Nov 16, 2013 7:16 am ]
Post subject:  Taxi medallions sells for $2.5 million
Pair of New York City taxi medallions sells for $2.5 million



A pair of New York City taxi medallions sold at auction for a record $2.5 million.

The Taxi and Limousine Commission on Thursday sold 100 pairs of medallions for wheelchair-accessible cabs.

TLC Commissioner David Yassky told the New York Post that people in wheelchairs have historically had no access to the taxi and car service industry.

There currently are 233 handicapped-accessible taxis in the city.

The medallions that sold Thursday were expected to almost double the fleet of wheelchair-accessible cabs.

It was the city's first medallion auction in over five years. The city plans to auction some 2,000 more medallions for handicapped-accessible vehicles in the next three years.

At its 2008 auction, the highest bid for a pair of handicapped-accessible medallions was a little over $1.3 million.

http://www.foxnews.com/leisure/2013/11/ ... 5-million/
Author:  GBC [ Mon Nov 18, 2013 2:20 am ]
Post subject:  Re: Taxi medallions sells for $2.5 million
I think it's time for a 'limited plate London' campaign to begin.

Wonder how much they'd go for? :shock:

If Edinburgh is £50K, I reckon London could double that.
Author:  cabby john [ Mon Nov 18, 2013 12:29 pm ]
Post subject:  Re: Taxi medallions sells for $2.5 million
I wonder as to how long would it take to recoup that outlay.
Author:  Sussex [ Mon Nov 18, 2013 7:21 pm ]
Post subject:  Re: Taxi medallions sells for $2.5 million
cabby john wrote:
I wonder as to how long would it take to recoup that outlay.

Only done via re-sell.
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