Volume 1 Chapter 129 (1/2)
Auction
There was the sound of whispers that came from under the stage. Many people had looks of disbelief as they looked at Xu Yi with eyes filled with shock and curiosity.
This Frestech Chamber of Commerce, it could actually take out five hundred thousand gold coins at once!
What surprised everyone was that he actually took out large gold notes from the Chimera Chamber of Commerce!
It had to be known that the Chimera Chamber of Commerce was the biggest company on the Sines Continent. To get their approval and have them give you gold notes was not an easy thing. To have the Chimera Chamber of Commerce to create this kind of giant gold note, it was a very difficult thing to do.
Although the merchants here didn’t have weak backgrounds, the security deposits they gaver were mostly gold notes given by the Lampuri Chamber of Commerce run by the Lampuri Kingdom’s royal family or they used some bonds as deposits. There were only a few companies, which included the Chimera Chamber of Commerce, that would take out these gold notes that would be recognized even on the other continents.
From what everyone could see, being able to have gold notes from the Chimera Chamber of Commerce was a proof of status.
With the Frestech Chamber of Commerce’s current strength, they normally wouldn’t have this right.
Other than this, the Frestech Chamber of Commerce suddenly took out five hundred thousand in deposits. This showed that Xu Yi actually had the intention to compete for these two gold mines.
With the Frestech Chamber of Commerce’s strength, being able to compete for just one mine was already hard to believe, not to mention competing for two of them!
But the facts were in front of them and people had no choice but to believe them.
Watching Xu Yi casually step off the stage, chairman Morgan slightly narrowed his eyes.
From those five giant gold notes from the Chimera Chamber of Commerce, he smelled something strange.
The Falcao Chamber of Commerce had to win these iron mines, but there might be a few complications.
Very soon, the companies participating in the auction had given their deposits. Everyone was shocked to find that based on the numbers the host just announced, there were thirty eight companies that were participating in the auction, so based on the deposits, the host had received over ten million gold coins just now.
It was no wonder the hall was completely filled with armed soldiers, not letting any random people come close.
An entire ten million gold coins! This was an amount that was enough to make many people go crazy!
Very soon, while everyone was feeling excited and nervous, the host announced that the auction was starting. The auctioneer that Count Sean had invited from Anvilmar came to take control of the auction.
“The first mine, the starting price will be five hundred thousand gold coins with the lowest increment being five thousand gold coins! Begin!”
The wooden gavel in the auctioneer’s hand fell down and some companies already impatiently called out numbers.
In the blink of an eye, the auction price had gone from five hundred thousand to over six hundred thousand.
The passionate mood in the hall began to cool off and the sounds of bidding came slower.
“Seven hundred thousand gold coins.” A voice suddenly rang out that made the hall silent.
Everyone looked at where the voice came from in shock. Wasn’t the last price just six hundred and ten thousand gold coins, this fellow actually raised it to seven hundred thousand, was there a problem with him?
After they saw the person who made the bid, everyone understood.
The Falcao Chamber of Commerce was determined to win these two iron mines, so chairman Morgan directly raising this price was already enough to show everyone the Falcao Chamber of Commerce’s determination.
Of course, although this was already a sky high price, it was not enough to scare people. After the hall was silent for a bit, quickly there was someone who called out a bid for seven hundred and ten thousand gold coins.
A price of over seven hundred thousand, it already made quite a few companies hesitant.
Such a large amount couldn’t be easily taken out.
But after hesitating a bit, these people quickly thought it through. The mine being auctioned now was the smaller one, so of course the price was a bit lower.
If they couldn’t even take this mine, they didn’t even need to think about the second bigger mine.
So although the bids weren’t as passionate as before, they didn’t stop.
The bidding kept rising and quickly reached eight hundred thousand gold coins.
To everyone here, eight hundred thousand gold coins was considered a very suitable price for this mine.
Once they passed this price, even if their income from this wasn’t poor, but based on the investment they would have to put in and the output they got out, it wouldn’t be considered very profitable.
Of course, profit could still move people’s hearts. So many company representatives had their hearts move and they were prepared to raise the price.
But at this time, chairman Morgan spoke again
“Nine hundred thousand gold coins!”
The hall fell into silence again.
Everyone looked at chairman Morgan with surprised looks.
Even if your Falcao Chamber of Commerce wanted this iron mine, you didn’t need to bid like this, right?
Not speaking is fine, but increasing it by a hundred thousand at once, this was clearly telling others that you had to win.
It should be said that chairman Morgan’s bidding strategy wasn’t rare.
In an auction that was very popular and competitive, this kind of approach could scare many people who were just trying their luck and could save quite a bit of trouble.
But by showing one’s determination like this, one could meet someone who deliberately raises the price.
There were pros and cons, it was very hard to predict.
After the hall was silent for a bit, when the auctioneer wanted to confirm the bid, someone raised the price again.
“Nine hundred and fifty thousand.”
Chairman Morgan looked at the source of the voice and found that the one who made a bit was chairman Bruno of the Leo Chamber of Commerce that he just looked at with Xu Yi.