Year: I had a good time when I was young

Chapter 536 Buying on dips

Most of the potential buyers in this auction are members of the Jockey Club or invited by the Jockey Club.

The higher the total auction price, the higher the commission he and the Jockey Club will get, and it will also have a great promotion effect on the obstacle course and dressage equestrian competitions held by the Jockey Club.

Once the equestrian events become famous, the Hong Kong Jockey Club will be able to host higher-level equestrian competitions in the future.

Therefore, it only took three days for the Jockey Club to compile an atlas of all the horses up for auction and send it to the buyers.

At the same time, they touted the pure black Hanoverian ‘Black Jazz’ that Champion Knight, Wu Zhui and Margaret won the steeplechase championship in the Olympic equestrian arena.

Three champion horses were produced by the owner of a racecourse. It can be said that as soon as this news spreads to the United States and England, the racecourse that houses Chu Xiangqian will become famous in the horse racing industry all over the world.

The result was as Bridge expected, among the buyers who came to the auction this time.

There are two in the royal family alone, and there are seven agents for wealthy people with wealth exceeding US$2 million.

People with a net worth of over 100 million US dollars today are more influential than those with a net worth of over 10 billion a few decades later.

Of course, although some billionaires have a lot of money, they have very little influence. They are basically just rich people.

Just like Cao Dahua, this old man's family wealth is not as rich as that of many Hong Kong wealthy families.

But in terms of influence and power in Hong Kong Island, even one association is more powerful than him.

However, in the film industry, Joseph Tsao in the 60s was definitely one of the best.

Since the 50s, he has continuously shot more than a dozen blockbuster movies, an achievement that even Uncle Long in the future will not be able to match.

In the future, if a star makes several blockbuster movies in a row, he will be considered a superstar. If he makes more than a dozen blockbuster movies in a row, it seems that there will really be no such powerful people in the future.
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The 20 horses were quickly led and circled on the track of the Jockey Club. An experienced horse trainer could roughly tell the execution and coordination abilities of these horses.

As for whether the horse's posture is graceful or not, the appearance of the horse from Novice Village certainly doesn't matter.

All of them are good-looking.

Soon someone started muttering, and it seemed that they had a target in mind.

Chu Qianqian, who has excellent hearing, even heard someone discussing how much money should be spent to buy his target.

Five minutes later, the auctioneer officially walked onto the makeshift presiding platform.

Because there were so many buyers participating in the auction, even the large meeting room of the Jockey Club seemed to be smiling.

Only then did Chu Xiangqian simply suggest that the auction should be held on a day when there is no competition and the auction site should be set up directly on the track.

Buyers sit in the auditorium. If they want to see up close, they can go to the fence and see the horses for themselves from a distance of two meters.

Soon, the first batch of Hanovers were led out, and several potential buyers stood at the fence and stared at the horse.

The auctioneer first said a few opening remarks and a few precautions, and then began to introduce the white Hanover.

Let’s not talk about the physical fitness of this horse, at least this horse is really beautiful.

After the auctioneer announced the starting price of $4, someone immediately raised the price to $4.

It seems that even among rich people there are handsome people.

After several rounds, the horse's value has risen to $7.

Chu Qianqian secretly thought that this was a good start.

Subsequently, 10 Andalusias and 10 Hanovers were auctioned for a total of US$156 million.

The average price of a horse is US$7.8 and HK$30.4, immediately setting a new auction record for these two horses in Southeast Asia.

Moreover, 12 of them were all bought by an agent of the desert royal family. Otherwise, the total amount would not have been so high.

After the first auction, the time has reached 11 o'clock. After a 10-minute break, we will continue with the second Arabian horse auction today.

Ehime and the royal agent went to settle the settlement with the people from Standard Chartered Bank on the spot. They immediately took a check with brisk steps and ran to Chu Qianqian with a smile to claim credit.

After deducting the 5% commission from the Jockey Club, a check of US$148.2 million came to Chu Xiangqian, who also praised Ehime a few times.

He also promised her that when she got home, she would go to Xue Jinglan and choose a piece of jewelry in the secret room at home.

After Kawaiyuan saw the pearl necklace Zheng Sufen was wearing today, she changed her mind and wanted a necklace too.

Chu Qianqian rubbed his sister's head and said with a smile, "Okay, I'll have someone find you a 14mm pearl necklace that's better than what your sisters-in-law are wearing."

Eyuan was overjoyed, and glanced at Zheng Sufen's expression intentionally or unintentionally. Sure enough, she saw the woman pouting slightly, and Eyuan's mood suddenly became better.

A 12mm South Sea white pearl sells for HKD 1, but a 14mm pearl costs at least HKD 5.

A 16-inch necklace, with about 28 pieces, costs a full HK$14. It is indeed better than the pearl necklaces Feifei and Hong Kong students received.

As for Zheng Sufen, she can only be considered an outsider, or even more of a subordinate.

And for Chu Xiangqian, the cost of obtaining pearls is extremely low.

You only need to use cheap river beads, take them to the Novice Village jewelry store, and spend some silver coins to constantly refresh them. You can always refresh them into South Sea pearls or even colorful pillars.

Chu Xiangqian glanced at Zheng Sufen. The woman quickly changed her expression, but Chu Xiangqian felt more at ease with her.

If you can act nonchalantly, or even have an expressionless face, it will appear that you are thinking too deeply.

He smiled and said to her, "Sister Fen, I will give you a pair of 14mm sea pearl earrings when the time comes."

Zheng Sufen was stunned for a moment, and then she smiled brightly. Eyuan held Chu Qianqian's arm in dissatisfaction and shook it a few times, but Chu Qianqian rubbed her head a few more times, causing her hair to become a bit messy.

The offended Ehime slapped Chu Qianqian's hand and muttered, "I hate it, it's messed up my hair."

Just as she was about to do it herself, Zheng Sufen stepped forward and helped her smooth her hair.

This look of a caring big sister immediately made Ewon, who lost her mother at a very young age, find Zheng Sufen much more pleasing to her eyes.

Just as the second game was about to start, Ewon hugged Zheng Sufen's arm and walked towards the host area with a smile.

After the two left, He Zanyuan walked to Chu Qianqian and sat down with a smile, "Sheng Chu, are you interested in buying some more gold?"

Chu Xiangqian figured it out after a moment's thought. It seemed that the previous sharp rise and fall in gold had made it more difficult to sell the gold purchased by the He family from South Africa.

When the price of gold soared to 45 US dollars an ounce, Chu Xiangqian put all the 20 tons of gold he had borrowed from China into the market.

Among the buyers are several large jewelers from Hong Kong, Southeast Asia and island countries.

Of course, these jewelers cannot be so stupid as to buy nearly 30 tons of gold, but even if they only buy five or six tons of emergency supplies, the demand for gold will decrease in the next year and a half.

After adding more than 20 tons of gold to the London gold futures market, the Federal Reserve also released a lot of gold into the market, suppressing the price of gold.

In short, in the past two months or so, several tons of gold obtained by the He family in South Africa have been stored without finding a buyer. If it were Chu Xiangqian, he would naturally remain motionless.

However, although the cost of the gold obtained by the He family is lower than the market price, if there is too much backlog, the pressure on working capital will be great.

And to be blunt, if you want to do this business for a long time, the best thing to do is to sell it as soon as you get it and make a profit from it.

In other words, no matter whether the price of gold rises or falls, as long as someone buys it, the He family can always make a profit.

Although the earnings are not much, the advantages are stability and longevity.

Moreover, Chu Xiangqian also asked someone to find out that although the He family had gold mines in South Africa, the actual amount mined was by no means as large as the amount actually sold by their family.

In other words, a large part of the gold comes from either being bought from African black uncles. Or, some special means were used.

But no matter which one it is, if there is too much gold in the backlog, it is likely that the amount of gold purchased through the original procurement channels will decrease.

Once purchases are reduced, gold suppliers will be dissatisfied and may sell their gold to others.

For the He family, this is the situation they least want to see.

After Chu Xiangqian figured this out, he smiled and asked, "How much gold can your uncle from Omen sell in a year?"

He Zanyuan was stunned for a moment, but then he thought of this auction. Just 10 Andalusian horses and 10 Hanover horses were auctioned for US$156 million.

Chu bought 10 tons of gold the previous year, and he seemed to have no pressure at all.

This is equivalent to the fact that our own gold business can handle 30% to 40% of the goods every year.

Suddenly, Chu Xiangqian felt in He Zanyuan's heart that he was his family's big benefactor.

But Chu Xiangqian knew in his heart that although the price of gold was suppressed to US$35 per ounce this time, the gold crisis, or the dollar crisis, also caused the price of gold to rise slowly and could no longer be suppressed.

Buying gold at this time is the best way to offset inflation.

And it is basically impossible to buy gold for $35 an ounce in the future.

In less than three to five months, the price of gold will inevitably exceed US$35 per ounce again.

Otherwise, in October 61, nine countries including the United States, England, and France would not have provided $10 million in gold, all of which was stored in England to stabilize the gold price.

It's a pity that it was a good idea, but it didn't work out.

On the contrary, the more they want to stabilize the price of $35, the more investors in the market want to break this point.

Once a breakthrough is achieved, major investment institutions and financial institutions can use gold as a commodity to make profits.

And gold is indeed the best futures trading commodity.

Chu Xiangqian purchased 35 tons directly from He Zaanyuan at a price of US$4 per ounce.

And this is because the He family currently only has 4 tons of gold in reserve. Otherwise, Chu Xiangqian would have bought 10 tons today.

As for the reason, of course, the amount of this auction was a bit beyond Chu Xiangqian's expectations.

Before the second auction even started, the agent of the desert royal family came over and asked his people to get up close and personal with the 20 Arabian horses.

Later, another royal agent also hurriedly brought people to find him.

Chu Xiangqian had always been very kind to his financial sponsors. He only thought about it for a few seconds before agreeing to the request of the two families.

As for the reason, it is actually the horses from the Novice Village. Apart from the height difference, all other aspects are comparable to the top horses in the real world.

People from the two royal families can send a horse trainer to get close contact with the 20 Arabian horses, and other buyers will naturally receive the same treatment.

Suddenly, the auction was postponed for another 10 minutes, but Chu Xiangqian waved to Zhang Tianzhi.

"Brother Zhi, call and tell Manager Qiu of the Guangchang branch that there should be many buyers coming to eat at noon. Ask him to vacate half of the dining area in the restaurant.

Also, no pork is allowed in today’s dishes, and even meat oil cannot be used as oil. "

Zhang Tianzhi nodded hurriedly and went to make a call.

When the auction started, sure enough, the agents of the two royal families were there, and the other buyers basically became spectators.

The Arabian horse, which started at a minimum of $8, sold for $310 million.

The average price of 15.5 US dollars is equal to 3.875 pounds, which is more than 10 pounds higher than the auction price of 1 Arabian horses sold at the last auction.

Moreover, it only took less than half an hour, half an hour earlier than expected, for all 20 horses to be bought by the agents of two desert tyrants.

Other buyers waited until the price exceeded $12, or £3, and basically no one made any more bids.

I could only watch the two rich people raise the price to 13 US dollars, and then you buy one and I buy one. I found that both of them valued it, so they bid all the way to more than 20 US dollars.

Chu Qianqian smiled crookedly. Ehime, who was in the hosting area, looked at the two desert tyrants as if they were two idiots.

But I was so happy that I applauded enthusiastically several times.

The two rich people also knew that the price was high, but several of the 10 Arabian horses they bought in the first half of the year were bought by another rich man and brought back to the desert.

The speed is not very outstanding, but in terms of endurance, it is better than any Arabian horse in the hands of the rich man.

One of them was resold for US$20.

This time, Chu Xiangqian became famous among the desert tycoons in a small area.

This was also the main reason why the two agents dared to bid more than $20 on the horse they were interested in at this auction.

If the performance of the 20 horses brought back to the desert area this time is as good as the horses last time, there will definitely be more desert tycoons coming to Hong Kong Island for auction in the future.

After receiving another US$5 million minus a 294.5% commission, Chu Xiangqian took the initiative to invite the two desert tycoons to dine at the branch in Causeway Bay.

Chu Xiangqian originally thought that the two agents and six entourages would be teetotal, but he didn't expect that it was completely different from what he thought.

Only then did I remember that I had seen it on the Internet in my previous life. When China's state-owned enterprises promoted weapons and industrial products and invited desert tyrants to come to China, they planned to strictly abide by the customs of the other party.

Only mineral water and several kinds of fruit juices were prepared at the banquet. Unexpectedly, the wealthy people attending the banquet rarely touched mineral water and fruit juices.

I tried to drink the red wine produced by Tianchao, and the other party actually started to raise the glass frequently.

It seems that the more forbidden something is, the more people will try it, and it will be banned again and again.

(End of this chapter)