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Welcome to the medallion sale web site!  Here you will find information for the medallion auction that will take place on May 2, 2008. At this auction, the TLC will be selling 86 corporate (minifleet) accessible medallions, 1 independent accessible medallion, and 2 independent alternate fuel medallions.  This web site is the place for answers to questions about how to bid in the auction and to learn about the auction rules.  It will also give you information on important dates, presentations, and workshops.

Click here for dates and times of presentations, workshops, and the bid collection and opening.

TLC SELLS 89 MEDALLIONS AT CLOSED BID AUCTION

Today, the TLC sold 86 corporate (minifleet) accessible, 1 independent accessible, and 2 independent alternate fuel medallions in three separate auctions.  This was the last of a series of medallion auctions authorized by City and State legislation.  Please click on the links below for tentative lists of winning bidders and bid amounts.

Corporate (minifleet) Accessible Medallion Auction
Independent Accessible Medallion Auction
Independent Alternate Fuel Medallion Auction
View Press Release


Minimum Bid Price & Important Dates For Upcoming Medallion Auction

New York City Taxi and Limousine Commission (TLC) Commissioner/Chairman Matthew W. Daus has determined that the Minimum Upset (Bid) Price for each of the 43 available lots of two Minifleet (Corporate) Accessible Medallions that will be auctioned on May 2, 2008 will be $700,000.  One Individual Accessible Medallion will likewise be available for bid on that date at a Minimum Upset Price, also set by the Chairman, of $189.000, as will two Individual Alternative-Fuel Medallions at a Minimum Upset Price of $300,000.

The Minimum Upset Price is the minimum amount that will be considered valid.  The highest valid bids will be named apparent winners.  Any bids below the Minimum Upset Price will be rejected as being non-responsive.

View Industry Notice

DISCLAIMER: Please note that this FAQ document is intended for general information only and should not be relied upon as a replacement or interpretation of the rules and procedures of the NYC Taxi & Limousine Commission (the TLC).  The TLC makes no representation or warranty, express or implied, as to the contents of this document and will not be responsible for errors or omissions.  The TLC makes no representation or warranty, express or implied as to the suitability of ownership of taxicab medallions for investment or business purposes. The auctions referenced herein, the operation and ownership of a taxicab and any bidder bidding for a taxicab medallion in such auction are subject to the Rules of the NYC Taxi & Limousine Commission and applicable law, which are controlling, including as to any matter asserted herein. Any prospective bidder is advised to consult the Rules of the NYC Taxi & Limousine Commission and the Administrative Code of the City of New York and to consult with his or her professional advisers, if they so choose. 

Resources

 May 2008 Medallion Sale Bid Package
 TLC Owner Licensing
 TLC Driver Licensing
 NYS DMV

IMPORTANT DATES

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