Thursday, February 27, 2014

The owner-driver New York taxi medallion auction was quite a horse of a different colorbfrom November's Corporate medallion auction.

The current public information is sketchy. The TLC had posted a chart showing the highest winning bid, the average of winning bids and the lowest winning bid which was in the low 800 thousands, quite a bit less than recent owner driver sales and far lower than November's auction in which a dozen players with a lot to lose kept the prices pumped  up.

More details and analysis to come.