Year: I had a good time when I was young

Chapter 955: Pricing Power Unknowingly Grasped
A week later, the horse racing auction was successfully completed.

The total amount of this auction once again set a new record, reaching 1.14 million US dollars.

However, Chu Xiangqian knew that the total amount of the auction this year was more than 700 million US dollars higher than last year, and he participated in the auction with the Poker Friends Club, He Chaosheng, and Zheng Yutong.

It's about making the on-site agent keep raising the price over the phone.

Otherwise, we might not even reach $1 million this year.

Buyers in Europe, America and desert regions are not short of money, but there are fewer potential customers in Southeast Asia and Hong Kong Island participating this year.

Especially in Southeast Asia, the Vietnam-South War became more and more intense, affecting the business of wealthy businessmen in Thailand, Singapore and Malaysia.

Coupled with the unrest in Java, the Chinese in Southeast Asia have indeed become much more low-key.

If you are afraid of showing off your wealth, you will become a target.

At the beginning of this year, the matter of the champion horse that I discussed with Tai Guo has now been delayed and no result has been achieved.

However, there are many more wealthy Chinese businessmen investing in Hong Kong Island.

This also gave a shot in the arm to the sluggish real estate market in Hong Kong Island.

However, there are not many people who dare to buy real estate at the bottom in large quantities.

Although land prices showed signs of recovery, the increase was not large.

However, during the auction, there were indeed many more Chinese businessmen from Southeast Asia who wanted to visit Chu Xiangqian.

It can even be said that many Chinese businessmen want to obtain Chu Xiangqian's approval before investing in Hong Kong Island.

Correspondingly, Chu Xiangqian has also won the recognition and even gratitude of Chinese businessmen in Southeast Asia.

However, Chu Xiangqian did not plan to meet with most people. Even up to now, he had not met a single Chinese businessman.

Chu Xiangqian was no longer a young man, and his experiences from two lifetimes were all known to him.

Many times, the less trustworthy your own people are.

Moreover, if a large number of wealthy people from Southeast Asia are accepted and attracted, it will inevitably cause opposition and even hostility from local families and businesses.

I am also a businessman in the Hong Kong circle, and it is really unacceptable for me to help my fellow outsiders to grab the local market.

It is better not to contact them, ignore them and let the foreign Chinese businessmen to make their own way.

If you make money, it’s their ability; if you lose money, it has nothing to do with you.

There is no need to worry about the local families being jealous of you.
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In the evening, Chu Xiangqian brought Norton, who had flown to Hong Kong Island in person to attend the auction, to the dinner hosted by the Secretary for Administration.

As soon as he entered the door, Hader hurried over and stretched out his hand to hug Chu Xiangqian.

Unfortunately, Chu Xiangqian didn't need to refuse himself, as Norton knew the character of his master.

He took two steps forward and hugged Hader first.

Hader rolled his eyes at Norton, but to be honest, Norton's intimacy was a good thing for Hader.

His grandfather was the commander-in-chief of the three armies, his cousin was a prince, and he himself was also a new upstart who was very popular among the powerful in London in recent years.

After getting to know Norton a few years ago, I returned to London in recent years and indeed attended various banquets hosted by dignitaries with Norton.

The benefit of being able to get to know senior executives who you never had the opportunity or connections to meet in the past is enormous.

Chu Xiangqian took the initiative to shake hands with Hader, and then shook hands and greeted eight members of the poker club, including Nelson, Bridge, Ge Bai, etc., who came over to greet him.

The foreigners and local Chinese dignitaries present at the scene saw so many foreign high-ranking officials coming to greet Chu Xiangqian, and their attitude was obviously inferior to Chu Xiangqian.

While feeling envious, he couldn't help but re-evaluate Chu Xiangqian's connections.

He Chaosheng and others wanted to come over, but when they saw Chu Xiangqian was surrounded by foreigners, they could only shake their heads and smile, and wait until Chu Xiangqian was no longer busy.

But think about the rumors outside that the Javanese army was bombarded and the mastermind behind it was Chu Xiangqian.

Most of the people present couldn't help but secretly remind themselves not to anger this person.

Afterwards, the Chinese people felt that what Chu Xiangqian did was indeed a relief, and it also increased the deterrent power to the entire Chinese community.

Many socialites and young girls from various families, seeing that Chu Xiangqian had no female companion by his side, couldn't help but become restless.

As for the fact that Chu Xiangqian already had a wife, he didn't care at all.

Besides, Chu Xiangqian has more than one wife.

Some people think that being able to be his concubine, even if she is from a wealthy family, is much better than marrying those young men who live off the pocket money given by their families.
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While Hader and others helped Chu Xiangqian hold up the sign, Chu Xiangqian naturally also received something in return.

In addition to the 120 horses under his own name that were auctioned, he also held four special auctions for horses brought by horse owners or farms from Southeast Asia, Europe, the United States and desert regions.

Hader and others were the first people to obtain a large number of Arabian horses from Chu Xiangqian.

After several years of breeding, the first foals born are now 4 years old.

Moreover, they had already participated in a special auction held just for them last year.

Unfortunately, I foolishly sold 12 two-year-old Arabian horses last year.

As a result, there were only 3 three-year-old horses participating in the auction this year.

The prices this year are pretty good though.

The foals and stallions in the hands of the card friends club and others all come from Chu Xiangqian.

The pedigree is well documented and the stallions' test data are all good.

The final average auction price was $4, $82 higher than last year.

This made Hadel and others regret selling 12 two-year-old foals last year at an average price of only $2.

Charles made the most money this time. Three three-year-old Arabian horses were sold for 3 million US dollars.

However, when it comes to luck, it's Lucas who's the luckiest.

He had a 2-year-old golden foal without a single stray hair in his name, but he had no intention of putting it up for auction.

They will be transported to Hong Kong Island and trained at the Kowloon Racecourse. We will try to have them participate in competitions on Hong Kong Island before they turn 3 next year and get a good ranking, thus increasing the value of this batch of horses.

But Chu Xiangqian didn't expect that he would entertain his old friends Rahman and Ahmed, two members of the desert royal family and local tyrants.

When the two saw the 2-year-old Arabian horse at Kowloon Racecourse, they directly offered 30 pounds.

The golden Arabian horse that Chu Xiangqian gave to Margaret was estimated to be worth only 15 pounds.

When Lucas heard the news and rushed to the horse farm, he looked at Chu Xiangqian.

Seeing him use his body to block other people's sight, opening his palm to reveal a '5' sign, he immediately knew what Chu Xiangqian meant.

After hesitating for a moment, he finally believed in Chu Xiangqian's vision.

Since Chu Xiangqian has hinted that he would offer a price of 50 pounds, it means that the potential of this 2-year-old Arabian horse is not enough.

Otherwise, if this horse goes on the race next year and performs well, it will destroy the authority he has accumulated over the years.

So Lucas first rejected the two desert tycoons, then pretended to be hesitant, and finally offered 55 pounds.

Seeing this, Chu Xiangqian rolled his eyes at Lucas.

I asked him to quote 50 pounds, which was already a huge blow to two rich men.

The psychological expectation is that it can be sold for 40 pounds, which is considered a high price.

Unexpectedly, Rahman hesitated for just a few seconds and then offered a lower price of 40.

In the end, the two of them negotiated and the price was set at 48 pounds.

Chu Xiangqian was surprised by what he saw.

Until Ahmed smiled and whispered, "Chu, you have to thank me. Ever since 'Victor' won the Triple Crown in Magnesium Women, the pursuit of champion horses among various royal families has become several times stronger than before.

It's a pity that after discussing this with you several times, you always say that winning a championship horse depends on luck.

Since you can’t buy a champion horse, buy a horse that is better looking and stronger than others.”

Chu Xiangqian finally understood.

The desert tycoons are not short of money, what they lack is fame and face.

Ahmed became the owner of a Triple Crown horse. Although he only owned one-third of the shares, he was still a real horse owner.

If Chu Xiangqian refuses to sell, then he will look all over the world for a foal with potential.

As for the two known golden and porcelain white Arabian horses in the world, it seems that Margaret is the only one who owns them.

Of course, Chu Xiangqian believed that the three Central Asian countries must have golden or porcelain white Arabian horses.

It is extremely difficult to get this kind of horse from a polar bear.

Not to mention, as the Hong Kong auction continued for several years and became more famous, Polar Bear's supervision of the Arabian horses became stricter.

Unfortunately, no matter how the polar bears supervise and patrol, Chu Xiangqian can still get 40 or even 80 top-quality Arabian horses for auction every year.

The golden horse in Lucas's hand is the second one that can be found in the market.

This second one alone is enough for Rahman to spend a large sum of money to buy it.

With this deal, Lucas recovered all his years of investment in horse breeding and horse farm construction, as well as the original capital he used to buy the horse from Chu Xiangqian, and even made a profit of more than 100,000 pounds.

Not to mention, the money used to buy the horses was actually offset by the land.

In fact, the guy made at least over £30.

So the 9 people in the card club include Turner-Ares, the commander of the East District, who only met Chu Xiangqian in 63.

The others also sold at least one foal, so these people were very enthusiastic and even flattering towards Chu Xiangqian.

However, people are like this, once they make a lot of money, they will still want to make more.

Bridge pulled Chu forward and said, "Stark, Wuzhui is already 6 years old. Isn't it time to find him a real wife?"

Chu Xiangqian had just heard this and didn’t understand what it meant.

Until Norton also spoke up, "Master, Wuzhui is a Triple Crown horse, but you always find mares with poor performance for him, and the foals he breeds don't perform well.

It will affect your authority in the horse racing industry.”

Only then did Chu Xiangqian realize that these guys in front of him were all the owners of Wuzhui.

In order to obtain the land and construction rights of Chai Wan Wharf, 50% of Wuzhui’s shares were sold to nine people in the card game club.

There is also 10% of the shares, which were sold to Fei Bo, Lan Gang, Bai Fanyu and Lei Luo and divided equally.

The remaining 40% was sold to Philips and Mountbatten.

However, before the transaction, Chu Xiangqian also consulted the nine people in the poker club. Hader and others considered it for a long time and finally returned 9% to Chu Xiangqian.

That's how it happened. Philips and Mountbatten got 50% of the shares.

Hader and others did not suffer any loss, otherwise their relationship with Norton would not be as close as it is now.

Chu Xiangqian said unhappily, "I would like to raise the price of the Ferghana horse. After all, I will definitely be the biggest beneficiary.

But what you don’t know is that now on the grasslands of Central Asia, even the price of mixed-race Arabian horses has been raised by more than two times.

I heard that three countries in East Asia are already discussing issuing a ban on the entry of Ferghana horses into the market."

Of course, Chu Xiangqian was just talking nonsense, but in fact, Polar Bear was indeed considering doing this business himself.

The polar bears even want to have the food all to themselves, so they gather all the Arabian horses from Turkmenistan, Kazakhstan and Uzbekistan and raise them in their own territory.

But the first to oppose was Turkmenistan, which had thousands of purebred Arabian horses.

Kazakhstan and Uzbekistan together have only seven or eight hundred horses of pure blood.

Even if we add the several hundred polar bears in the country, it is only one-third or one-quarter of the number of other countries.

If thousands of horses enter the polar bear's territory, they will be like throwing meat buns at a dog and never come back.

Only a fool would agree to such a huge loss.

But it is indeed becoming increasingly difficult to get Arabian horses from Central Asia in the market.

This is actually a good thing for Chu Xiangqian, and Hader and others are also excited.

“So, the price will go up next year?”

Everyone looked at Chu Xiangqian.

Chu nodded forward, then shook his head.

“To be honest, the current price has deviated a lot from the real price of the Arabian horse.

The reason why they are so popular is that the number of Arabian horses in the market is extremely small compared to purebred horses.

It still relies more on Wuzhui's fame as a triple crown winner.

It has been a long time since there has been a second triple crown winner, or at least a Arabian horse that has won one of the English or Magnesium Triple Crowns.

The price may fall in a few years.”

After thinking about it, everyone had to nod in agreement with Chu Xiangqian's words.

As a result, everyone hopes that Chu Xiangqian will have another champion Arabian horse in his hands.

At the very least, it is the same as what Chu Xiangqian said. Only by winning a championship in the Yingguo or Magnesium Triple Crown competition can it be proved that the Arabian horse is not much worse than the purebred horse.

The current price is maintained due to the large quantity and great investment potential.

Hader and Bridge looked at each other and nodded.

Bridge gritted his teeth and said, "Stark, 500 million pounds, we only want 40% of the shares of the next horse."

Chu Xiangqian was stunned. When he sold 50% of Wuzhui's shares to Philips and Mountbatten, he only sold them for 300 million pounds.

This was equivalent to Wuzhui’s market price of 600 million at the time.

But Bridge is now willing to pay 500 million pounds for only 40% of the shares, which is equivalent to the next Ferghana horse. Before it even starts running, the price has reached 1250 million pounds.

If this team really wins the triple crown, its value will definitely increase by 20% to 30%.

However, three years ago, the exchange rate of the pound to the dollar was 1 to 4.

This year, it has been fluctuating around 2.8, and it is foreseeable that the exchange rate will continue to fall.

Wuzhui was equal to 2400 million US dollars at that time.

The next horse should find it difficult to maintain a market value of $3500 million.

Chu Xiangqian couldn't help but hesitate, but when he thought about it carefully, he realized that he had been worried in recent years because he already had three Triple Crown horses in his hands.

If this continues, horse farms and horse owners around the world will have no chance to play.

Some money can be earned, but some money is better to be given up.

Shaking his head, he pretended to be dissatisfied and said, "I want to, but I can't guarantee it. Especially since polar bears are now more and more defensive.

The cost is high and the risk is even greater.

And to spend £1250 million on a Arabian horse, I think you are crazy."

(End of this chapter)