Taxi Medallions Now Worth $1 Million
Photo: Yellow Cab NYC
Calling all New Yorkers! The price of a NYC Taxi medallion, the notorious little badge found in every cab, is now worth $1 million. The price of these babies has risen faster than that of both gold and oil in the last 30 years. Who thought these symbols of our city would ever be so precious?
Just to give you an idea of how things have changed: the first medallions ever made cost $10 and that was in 1937 (equal to $157.50 by today’s standards). That’s a whopping 1,900 percent increase over the last 3 decades! This means big things for the city’s economy, luxury market and, of course, our beloved taxis.
Source: NYmag
Like Haute Living New York? Join our Facebook page or follow us on Twitter @HauteLivingNY. Want Haute Living New York delivered to your inbox once a week? Sign up for our newsletter.
Related Articles
HaSalon Aspen Opens With A Bar By Dushan Zarić Of Employees Only
The W Aspen has introduced two haute new venues for winter 2024: Eyal Shani’s HaSalon and HIDALGO by Dushan Zarić Of Employees Only.
An Inside Look At The Park Hyatt New York’s New $50K Per Night Manhattan Suite
Take a tour of the Park Hyatt New York’s latest and greatest debut: the $50,000 per night Manhattan Suite.
A Dior Soirée: Indulge In The Finer Things With Dior’s Latest Fine Jewelry & Maison Collections
This season, have the ultimate Dior Soirée with the latest fine jewelry pieces and Dior Maison collections.
Haute Living Celebrates Chef Emeril Lagasse At Butcher Private In Naples
On Friday, December 13, Haute Living and Haute Black hosted legendary chef and national TV personality Emeril Lagasse with an exclusive cocktail and dinner celebration featuring his Haute Living Las Vegas December 2024 cover for the members at the Butcher Private in Naples, Florida.
Heart Walk Success: Miami-Dade Community Raises Over $543K For Healthier Hearts
On Saturday, November 23, Florida International University transformed into a hub of energy, purpose, and community spirit as over 1,500 participants gathered for the 2024 Miami-Dade Heart Walk, hosted by the American Heart Association (AHA).
Boyd Holbrook On Becoming Johnny Cash In “A Complete Unknown”
Boyd Holbrook is taking on the Man in Black in James Mangold’s upcoming Bob Dylan biopic, “A Complete Unknown.”
Latest Stories
Trending Articles
Related Articles
HaSalon Aspen Opens With A Bar By Dushan Zarić Of Employees Only
The W Aspen has introduced two haute new venues for winter 2024: Eyal Shani’s HaSalon and HIDALGO by Dushan Zarić Of Employees Only.
An Inside Look At The Park Hyatt New York’s New $50K Per Night Manhattan Suite
Take a tour of the Park Hyatt New York’s latest and greatest debut: the $50,000 per night Manhattan Suite.
A Dior Soirée: Indulge In The Finer Things With Dior’s Latest Fine Jewelry & Maison Collections
This season, have the ultimate Dior Soirée with the latest fine jewelry pieces and Dior Maison collections.
Haute Living Celebrates Chef Emeril Lagasse At Butcher Private In Naples
On Friday, December 13, Haute Living and Haute Black hosted legendary chef and national TV personality Emeril Lagasse with an exclusive cocktail and dinner celebration featuring his Haute Living Las Vegas December 2024 cover for the members at the Butcher Private in Naples, Florida.
Heart Walk Success: Miami-Dade Community Raises Over $543K For Healthier Hearts
On Saturday, November 23, Florida International University transformed into a hub of energy, purpose, and community spirit as over 1,500 participants gathered for the 2024 Miami-Dade Heart Walk, hosted by the American Heart Association (AHA).
Boyd Holbrook On Becoming Johnny Cash In “A Complete Unknown”
Boyd Holbrook is taking on the Man in Black in James Mangold’s upcoming Bob Dylan biopic, “A Complete Unknown.”
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events