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A taxi medallion, the artificially scarce license to operate in New York, cost $35,000 in 1976. In 2014 a medallion sold for $1.3m. In 2015 a medallion sold for
by neonscribe 11y ago
A taxi medallion, the artificially scarce license to operate in New York, cost $35,000 in 1976. In 2014 a medallion sold for $1.3m. In 2015 a medallion sold for $900,000, presumably as a result of Uber and Lyft.