Monday, June 11, 2018

Four NYC Taxi Medallions Sold for $180,000 Each

At a June 11th auction, the National Credit Union Administration acting as the liquidating agent of failed First Jersey Credit Union sold 4 New York City taxi medallions for $180,000 each.

While there were numerous onlookers at the auction, there was only one bidder according to a source.

In related news, a stalking horse bid for 131 out of 139 New York City taxi medallions of $22.7 million or $170,000 per medallion was accepted by the trustee. The next acceptable bid for the 131 medallions will be $23,160,800 or $176,800 per medallion. The other eight medallions will be placed into a separate bidding pool. The auction is scheduled for June 14th.

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