After a brief review, Lin Bai memorized the bidding process as well as the various matters that needed attention.
He then looked at Luo Yang, who still looked like a country bumpkin entering the city. He looked around and could not wait to show his ignorance.
Lin Bai directly pulled him up and said, “Let’s go, accompany me to look for materials.”
Luo Yang did not react for a moment and asked in a daze, “Huh? What materials?”
Of course, it was the material that was stated in the news that could allow one to make a fortune in one go.
However, Lin Bai could not say that, so he could only change his way of saying it.
“Of course, it’s to look for materials that can be bought back to make money.”
Luo Yang shouted exaggeratedly, “No way, Boss! You really want to buy it?”
“What else?”
Lin Bai asked back, “I skipped class for two days and flew all the way here just to take a look?”
Luo Yang mumbled, “But this is too expensive…”
Although Luo Yang knew before he came that jade was definitely not cheap, he was still flabbergasted when he really arrived at the scene and looked at the labels with the starting prices of millions of yuan.
What was written on those labels was only the starting price.
With so many jade merchants bidding for it, the price would definitely increase by many times.
In the end, the actual closing price would be much higher.
Such a huge number was really beyond Luo Yang’s imagination.
It was even beyond his economic ability.
Initially, he felt that the hundreds of thousands that he earned from trading cryptocurrency were not a small amount.
Only now did he realize that his little money was not even enough to cover the starting price.
“Boss, these materials are really too expensive.”
“We have no experience and no connections. We wouldn’t even know if we were cheated.”
“Besides, even if we don’t suffer a loss and bought materials that are more cost-effective, we don’t have the ability to process and sell them!”
“Boss, I know you have money. Maybe these things are not so expensive in your eyes but think about how much you need to invest in the future. It’s not worth it!”
“Let’s just treat it like a trip to see the world. This thing is too profound and not suitable for us. Wouldn’t it be less risky for you to keep the money for investment than this?”
Luo Yang tried his best to persuade him. Everything he said was for Lin Bai’s sake.
Lin Bai smiled and said, “I know you’re doing this for my own good. What you said also has a certain amount of logic.”
“Anyway, let’s take a look first. We’ll see if we can buy it or not.”
“We only got to come in after paying so much deposit. We have to look through all these materials.”
Luo Yang agreed, “That’s true! Otherwise, our deposit money would have gone down the drain.”
Lin Bai brought Luo Yang along as they walked, looking for the raw stones mentioned in the news.
The jade on the public emporium were all raw materials.
Some were cut in half so that people could clearly and directly see the color of the jade inside.
Some were only cut into very small pieces. In the jargon, it was called “opening a window.”.
This kind of risk was relatively high.
Even if the position of opening the window looked very good, it didn’t mean that everything inside was the same.
It was very likely that after buying it, one cut would find reveal that it was full of cracks and flaws and then it wouldn’t be sold at a high price.
The opposite was also the same.
It was also possible that the spot of the cut was the spot where the quality of the entire piece of raw material was the worst.
As a result, the value of the entire piece of raw material was greatly underestimated. As a result, they would make a huge profit after they bought it.
This kind of risk and unknown was the biggest charm of stone speculation.
And among the stone speculation, the one with the highest risk and the strongest unknown was the last one.
It was material that did not get cut but directly carried outside.
Without any reference, it was completely a gamble of luck.
This kind of material came with the highest risks. Even experienced professionals did not dare to take it lightly.
The target that Lin Bai was looking for this time was the kind of material that had not even been cut. They had to completely rely on luck.
Lin Bai and Luo Yang walked around for a long time before they finally found the raw jade material in an unremarkable corner at the innermost corner of the public square.
That material was very large. Looking at the information on the label, it weighed more than two tons.
Besides, its starting price was 150 million.
Since there wasn’t a cross section to look at, they could only bet on the quality of the material.
In addition to the extremely high starting price, almost no one dared to bid.
Lin Bai took the opportunity when Luo Yang wasn’t paying attention and took out his phone to open the Future News app. He found yesterday’s News Feed.
After repeatedly comparing the jade number mentioned in the news with the label next to the raw material in front of him, he confirmed that the number was the same.
Lin Bai took out his pen and bid form, and directly laid on the raw jade material, and began to fill the form in.
Luo Yang didn’t react until he saw Lin Bai write. He realized that Lin Bai was going to bid.
“F*ck! Boss, don’t be rash!!”
Luo Yang was so scared that he held Lin Bai’s hand and stopped him from writing.
“The base price of this thing is more than 100 million. How much do you plan to bid? !”
“Besides, this thing hasn’t even been cut and you can’t see what it looks like inside. If you want to invest, don’t invest in this!”
“If you really want to invest, invest in the one next to it.”
“That thing has already been cut open, and it’s green. It looks valuable. At least it won’t be a loss to buy it!”
“If you buy this big thing and cut it open and find that it’s full of cracks, or there’s not much jade in it, what will you do?”
“Be careful!!”
Luo Yang tried his best to dissuade Lin Bai, afraid that he would be cheated.
If he wasn’t afraid that Lin Bai would be angry, he would have just snatched the bid form and torn it up.
Unfortunately, he only thought about it in his heart and didn’t dare to act on it.
Luo Yang’s loud shout attracted the attention of many people around him.
When they heard what Luo Yang said, they finally understood what was going on.
They were all professional jade merchants who had been in the industry for many years and were all very experienced.
They had basically participated in all the jade auctions in the country and abroad.
The material that Lin Bai had chosen had already participated in at least seven auctions.
However, no one had bid for it every time, so it had not been sold until now.
In fact, a price of more than 100 million yuan was not too expensive for two tons of huge raw materials.
If the quality of the cut was still acceptable, it should be able to earn a lot of money.
However, the problem was that it had not even been cut open, so it was impossible to see what was inside. The risk was too high.
Therefore, after weighing the pros and cons repeatedly, none of the jade merchants dared to bid.
Now, a new face had suddenly appeared. He had spent hundreds of millions on such a high-risk material.
This made all of them very curious. They wanted to know if Lin Bai’s judgment was far beyond ordinary people, or if he was a hothead who knew nothing.