On September 18th, 2017, in a filled room in Queens, amid spirited bidding, forty-six NYC taxi medallions (34 non-restricted Medallions, 6 alternative fuel/hybrid Medallions and 6 handicap Medallions) sold at auction for $9,069,000.
“This was a rare opportunity to purchase a large volume of highly coveted NYC Taxi Medallions,” stated Maltz Auction’s President, Richard Maltz.
The auction followed a two-step bidding process. Step one: interested parties had to submit binding, sealed bids, which were due Monday, September 11, 2017, before 1 pm. Step two: Top seven highest or best multiple medallion bids “Bulk Bids” as well as the top twenty-five highest or best individual medallion bids “Individual Bids” were invited to bid at the live auction.
About Maltz Auctions:
Maltz Auctions is a premier, full-service auction company specializing in creating liquidity through the auction method of marketing. Now a $100+ million company with an impeccable reputation for professionalism, integrity and success, Maltz Auctions has conducted thousands of auctions and generated over $2 billion in sales on behalf of such clients as the U.S. Bankruptcy Courts and financial institutions throughout the country, the U.S. Department of Justice, the Securities and Exchange Commission, the Internal Revenue Service, N.Y. State Department of Taxation & Finance, Court Appointed Receivers, Estate Executors and Public Administrators, as well as law firms, private individuals and corporations, nationwide. Maltz Auctions is court approved to act as auctioneers, real estate brokers and receivers. The 35-year-old firm is nationally recognized as a trusted name in excellence and achievement.