Even if he owned all 98 medallions outright, once he started selling them en mas...

steven2012 on Nov 28, 2014 | parent | context | favorite | on: Under Pressure from Uber, Taxi Medallion Prices Ar...

Even if he owned all 98 medallions outright, once he started selling them en masse, the price would drop just like a stock. Those are extremely illiquid assets so the price for 1 or 2 is different for all 98.