Chapter 58: Jade Public Emporium
Translator: Dragon Boat Translation Editor: Dragon Boat Translation
“Alright, let’s go to the public emporium and have a look.”
The so-called jade public emporium could be said to be a major trading event for raw jadeite materials. It was a relatively unique and fair auction method.
On the public emporium, the major mine owners would display all the jade raw materials they had on display.
They would let the industry insiders or the market judge the publicly acknowledged lowest price on the market based on the quality of the materials.
Then, the buyers would bid on the basis of that price.
The local and foreign jade merchants would also make their own estimates of the jade raw materials on the public emporium based on their own knowledge and experience.
And they would calculate how much profit margin they would have after bidding for the raw materials.
From this, he deduced how much he should bid for it.
Unlike ordinary auctions, the bids on the jade plate were hidden and only the owner of the raw material could see them.
Before the final result was announced, no one could know if the price he bid was the highest price.
Therefore, the process of determining the bid price became very delicate.
If the price was high, he would definitely lose the profits, but if the price was low, he would be bought by others.
It could be said that this was not only a competition of wealth but also a competition of vision and courage.
On the public emporium, besides the legend of one stroke of fortune and one stroke of bankruptcy…
There was another situation that was more likely to occur.
That was that there would often be people who, because of the difference of tens of dollars, or even just a few dollars, would lose their favorite jade raw materials and watch the millions of profits fly away.
This kind of story was not rare. Almost every year, this kind of situation would appear on the public emporium.
This knowledge was all the information that Lin Bai had obtained from searching through the Internet last night.
Along the way, Lin Bai told Luo Yang all the knowledge that he had learned.
Luo Yang did not know that Lin Bai had actually been cramming at the last minute to search for this knowledge.
He only thought that Lin Bai had a shocking amount of knowledge and was proficient in everything. In his heart, his admiration for Lin Bai had reached a new level.
“Boss, how do you know everything? That’s amazing!”
“We all have 24 hours a day. How do you have the time to learn so many different things?”
Luo Yang did not hide his admiration for Lin Bai.
Lin Bai did not know whether to laugh or cry. He did not know if he should tell him. In fact, he only knew these things because he had a sudden attack.
However, looking at Luo Yang, his loyal little brother, Lin Bai felt that if he told him the truth, it would definitely disorientate him.
Therefore, Lin Bai was very kind in the end and did not tell Luo Yang the truth.
It was to prevent him from being disillusioned and unable to bear the pain.
However, although Lin Bai had suddenly learned a lot of relevant knowledge, it was impossible for him to cover all aspects.
For example, the question of how to enter the public emporium was ignored by him.
As a result, when Lin Bai and Luo Yang arrived at the place, they were directly blocked outside the door.
“Gentlemen, please show me the invitation letters.”
The staff member who was guarding the door said so.
“…”
Lin Bai and Luo Yang looked at each other awkwardly, not knowing how to answer.
They naturally could not take out an invitation letter.
The possibility of passing through was not high.
With no other choice, Lin Bai could only bite the bullet and tell the truth.
“We don’t have an invitation letter. Is there any other way to enter?”
The staff member replied, “If you don’t have an invitation letter, you will need to pay a deposit of two million yuan per person.”
“After the public auction is over, the deposit will be returned in full.”
Hearing the staff member’s words, Lin Bai immediately heaved a sigh of relief.
As long as it was a problem that could be solved with money, then it wouldn’t be a problem.
“Where do we pay the deposit?” Lin Bai asked.
“Here will do.”
The staff member took out the card reader as he spoke.
Lin Bai did not even blink as he directly swiped his card for the sum of four million and paid for Luo Yang’s deposit as well.
Luo Yang watched from the side as Lin Bai paid a few million just like that. He could not help but secretly envy in his heart.
He did not dare to expect to be like Lin Bai. Even if he only had a tenth of what he had, he felt that there was nothing else he wanted in this life.
Luo Yang secretly made up his mind. He must cling tightly to Lin Bai’s thigh and try to follow him out to see the world more.
Following Lin Bai out for a day was more useful than staying in class for ten years. The rewards were also greater.
After Lin Bai paid the money, he asked, “Can we go in now?”
The staff replied, “Wait a moment. Please register your name and ID Card.”
Lin Bai and Luo Yang filled in the registration form together, and then the staff member gave each of them a bidder number.
“This bidder number is the only thing that can confirm your identity when you bid, so please keep it safe
“The points to note regarding the bidding, the bidding item number, the bidding category, the quantity, the base price, and so on, are all in this “Bidding instructions”. Please refer to it yourself. This is the bidding form. Please keep it well.”
The staff member beamed as he handed over all the items to Lin Bai and Luo Yang, and gave them a simple explanation.
As Lin Bai had previously paid for the deposit for both of them, Luo Yang had received the same set of information as well.
In other words, Luo Yang was just like Lin Bai, qualified to bid for the raw jade that he fancied.
This made Luo Yang very excited, but at the same time, he became even more determined to cling tightly to Lin Bai’s thigh.
After entering the public arena, Lin Bai and Luo Yang were deeply shocked by the raw jade that was strewn all over the place. They felt that their eyes were not enough.
Luo Yang pounced in front of the nearest raw jade. He carefully wanted to touch it, but he did not dare to touch it. In the end, he only dared to lightly poke the surface of the raw jade with the tip of his finger.
“Oh my God, this is the first time I’ve seen such a huge piece of jade!”
“If I were to stand it up, it would be taller than me!”
This was also the first time Lin Bai had seen such a scene of jade everywhere.
However, his mental fortitude was much better than Luo Yang’s. Even though he was shocked, he did not lose his composure like Luo Yang.
After Luo Yang finished exclaiming about the huge size of the boulder, he looked at the label on the side and used his finger to indicate the starting price.
“One, ten, one hundred, one thousand, one hundred thousand, one million, ten million… one hundred million! F*ck, this stone is worth more than nine hundred million!”
By the time he finished counting the starting price, Luo Yang didn’t know how to express the shock in his heart.
Although he already knew that jade was expensive, when he saw an item that was worth more than a hundred million just placed in front of him…
Moreover, it was placed on the ground like an ordinary stone. That was another feeling.
Lin Bai felt that Luo Yang wouldn’t be able to leave for a short while.. Since he was a country bumpkin who had entered the city, he might as well take advantage of this time to read the “Bidding instructions” given to him by the staff.