Taxi Driver Online

Chicago auctions 50 taxi medallions for $3.9 million

CHICAGO The city of Chicago has auctioned 50 taxi medallions for three-point-nine (M) million dollars.

The average price paid for the medallions was a record 78-thousand-509 dollars. The highest bid was 81-thousand-and-two dollars, while the lowest was 60-thousand dollars.

The highest price paid at auction just two years ago was 47-thousand-500 dollars.

Chicago's Department of Consumer Services received 204 bids total for the month-long, sealed-bid auction.

There are about 63-hundred active medallions in Chicago.

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Think of how stupid the average person is, and realize half of them are stupider than that.
George Carlin

Now, as I have said several times on here, THAT'S the way to do it!

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Former taxi driver

I tend to agree, sell a plate and keep an old folks home running....given the choice.

CC

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Think of how stupid the average person is, and realize half of them are stupider than that.
George Carlin

And what does that leave you with? A trade full of drivers having to work 100 hours a week to pay the rentals.

Cos the folks who buy them will never drive them. T&G and NTA heaven.

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IDFIMH

Teamster Heaven, in Chicago?

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Former taxi driver

Would fit in well with the two I mentioned.

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IDFIMH

Who sold them Al Capone??????????????????????????

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The views expressed by this contributor do not neccesarily reflect the policys of The GMB Nationally or of the GMB London Region.

That is a lot of money when you put half of it, in cash, in a brown paper bag.

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A member of the Hire or Reward Industry