Taxi King's medallions go for $170,000 apiece—and some for $250,000
June 14, 2018 at 20:43 PM EDT
The conversion of taxi medallions from a coveted license into a distressed asset accelerated Thursday as a hedge fund paid $170,000 apiece for 131 medallions at an auction in Flushing, Queens. The... To view the full story, click the title link.
