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MEDALLION AUCTION UPDATE:
Crain’s New York Business reports that Aspire Federal Credit Union will be holding an auction of 14 New York City taxi medallions on Jan. 16, 2018. To attract bidders, at least one of the medallions will have an opening price of $150,000. The article notes that the last major auction that involved competitive bidding was a package of 46 medallions sold in September for about $186,000 apiece. For updates on this auction and further developments in the taxi medallion industry, please keep reading our blog.
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