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Chapter 297 Expectations and People¡¯s Heart

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    Facing the three curious babies in front of him, Zhao Ran had to explain in detail.

    "What is our auction house auctioning? This is the first question you have to figure out! I can tell you responsibly that the goods are not what we want to auction, because the goods do not belong to us, so what we value  It¡¯s not the goods themselves, but the transaction price of the goods. The higher the price, the more auction fees we extract.¡±

    "Then what do the people who come to our Jinbo Auction House to bid for bulk goods buy? This requires a detailed analysis of the specific situation. For example, Mr. Yeli Xiaohou, you took a photo of the Dawan horse before, and it was for your own use.  So what is being purchased is the Dawan horse itself.¡±

    "Now let's talk about the snow lotus. The merchants who came to bid for the snow lotus, did they buy the snow lotus? Obviously not, they bought the snow lotus at the price, and then planned to sell it at a higher price. This is the purpose of their bidding.  . Such purchasing purposes can be called speculation or speculation."

    "Since it is for speculation, how is the price of the speculation determined? I can tell you that the price of speculation has nothing to do with the value of the goods, but is only related to expectations. I expect to be able to sell at a higher price, and the bidding for speculation will be  If it goes up, I expect that the goods may not be sold and the hyped price will fall.¡±

    "Okay everyone, let's say you are a speculator. When you hear that the auction house is closed, you will not be able to sell the goods for the next half month. What is your expectation for the price of the goods at this time?  The auction house will reopen in half a month, do you want to get rid of the goods in your hands?"

    Liang Xingxia and Gao Yanei suddenly realized the idea and clapped their hands and praised it. Ye Li Huaide had a rough mind and hadn't turned around yet.  So Zhao Ran further explained: "Little Marquis, if a snow lotus with a market price of ten taels and a silver ingot of ten taels are placed in front of you and you are asked to choose, which one do you want?"

    "Of course it's silver!"

    "Why?"

    "Snow lotus is not worth ten taels of silver."

    "How is the market value of Xuelian determined?"

    "It was purchased at our auction house."

    "Very good, now that the auction house is closed, can Xuelian still get so much silver?"

    "Of course not."

    "So, this is what you can expect after the auction house is temporarily closed Just wait for the auction house to reopen in half a month. I really can't imagine how much money Li will spend to support the market. Lao Liang,  Remember to put the Kunlun Mountain Snow Lotus we have in the first batch of auctions!"

    The Li brothers thought that by temporarily closing the auction house, they could buy time to raise money. However, while gaining a period of time, they lost more important people's hearts.

    In the world that Zhao Ran traveled to, this kind of suspension of transactions has a name - circuit breaker.  How effective it is has been proven by the world, and Zhao Ran can only hehehehe.

    Zhao Ran lived a very happy life in the next half month. He had a lot of fun playing and chatting with these dudes during the day, and continued to practice his own Innate Merit Sutra and Nine Heavens Xuanlong Great Master at night.  Forbidden magic.  He even followed Gao Yanei and played a game of chess with Princess Rou'an.

    It¡¯s not that Zhao Ran, who is under the influence, thinks that playing chess with a princess is so high and mighty. He has already stepped into the practice of spiritual practice and has no real feelings for worldly dignitaries.  What he found interesting was that whenever he thought about his identity as an undercover agent, he felt particularly amused - has he been able to get through to this point as an undercover agent, does he deserve the honor of being the Ming Dynasty's number one spy?

    With a few days of leisurely time, Zhao Ran sorted out the relevant information about the Xixia court that he had come into contact with during this period, and used code words to send out three flying talismans in succession.

    ????????? One piece of information is related to the return of power by the Empress Dowager Liang to the small country leader Li Qianshun, such as which steps have been carried out so far, a total of five pieces of information.

    The second part is an analysis of the current balance of power between the descendants and the royal family in the Xixia court, such as who is the descendant, who is the royal family, and who is the centrist, a total of thirteen articles.

    The last one is related to the logistics preparations of the Xixia Privy Council, such as how many war horses and armors were purchased on a certain day of the month, how much food was transported, and how many sergeants went to the Baima Mountain War Zone, Blackwater War Zone, or Ganzhou War Zone, a total of nine items.

    Dongfang Li had made an agreement with Zhao Ran before. His task was to set up the inn and, when necessary, provide corresponding cooperation according to the requirements of the spy who broke into the Golden Needle Hall.  Now that the Jinbo Club has been successfully established, no request for cooperation has been received so far, and the six-month period has long expired, so he can actually return.

    Zhao Ran is confident that after this information is sent back, it should be worthy of his status as an "affiliated hidden stake". In total, it is also exceeded.Completed the task.  The next days are about waiting for the next successor and making some money along the way.

    Jinbo Auction House posted the latest notice, announcing that it would be closed for half a month due to relocation.

    As Zhao Ran expected, people can think. The smarter the person, the more he likes to explore the truth behind the incident.  There is no need for Gao Yanei and others to deliberately spread gossip. All kinds of gossip are already flying all over the sky.

    The holders of Snow Lotus in the market felt unparalleled fear.  Some said that Jinbo Auction House offended senior officials and was banned, some said that several owners of Jinbo Club had irreconcilable conflicts and fierce internal fighting, some said that the owners were expelled because of their status as Ming businessmen, and even more said  Jinbo Club is almost closed due to lack of funds

    No matter which statement is made, it is extremely detrimental to the merchants who hold the snow lotus. Countless people linger at the door of the Jinbo Club every day, hoping to get some news about the auction house so that they can decide at what price they will sell the snow lotus in their hands.

    Snow lotus is not gold or silver, and its price should be determined by its medicinal value and market supply and demand. But now due to speculation, the price has long deviated from the normal selling price, relying entirely on people's expectations to support such a high level.

    As Jinbo Auction House went out of business, no matter what the reason was, snow lotus holders suddenly discovered that the snow lotus in their hands could not be liquidated for at least half a month, and it was unknown whether they could be liquidated after half a month. This recognition  This immediately caused panic in the market.  Is the snow lotus that cannot be cashed still valuable?  Obviously not worth it!

    This is the serious consequence of stuck currency liquidity.

    Now it¡¯s no longer a question of whether or not to make a move. The question now is, can I be included in the auction list at the next auction?  How much should you price your own snow lotus?

    The consequences of the closure of Jinbo Auction House were immediately reflected in major drug stores in Xingqing Prefecture, causing the price of snow lotus to drop.

    On the day after they closed, in Hui'an Tang, Jimin Tang, Liji Pharmacy, Huichunfang and other drug stores, the water prices of snow lotus dropped to varying degrees. The price of Tianshan snow lotus suffered the most, with the retail unit price dropping from 25 taels to  18 taels.

    The retail unit price of Kunlun Mountain Snow Lotus has also dropped from 35 taels to 32 taels.

    On the third day of closure, Tianshan Snow Lotus dropped to 16 taels, and Kunlun Mountain Snow Lotus dropped to 30 taels.

    Mrs. Li couldn't sit still, so she urgently used the 20,000 silver she had on hand to shop for goods in major drug stores, so that she could maintain the price.

    On the fourth, fifth, and sixth days, Li continued to scan goods.

    On the seventh day, Li¡¯s investment of 20,000 taels of silver ran out. The price of Tianshan Snow Lotus dropped to 15 taels, and the price of Kunlun Mountain Snow Lotus dropped to 28 taels.

    Zhao Ran was directing the servants to organize and decorate the courtyard in the East Cross Courtyard. This courtyard was the residence of a small nobleman of the Xifeng family. The young nobleman was unwilling to move - it was so nice to be next to the Jinbo Club, who would be willing to move?  ?  But he couldn't stop Gao Yanei's efforts, so he vacated the house after shamelessly asking for a free membership card. Of course, Jinbo Club did not bully him and paid him 260 taels of silver at the market price.

    This is the new location of Jinbo Auction House. It is next to Jinbo Club, but it is an independent courtyard, which just meets the requirements of Princess Rou'an.

    Seeing Gao Yanei and Yeli Huaide coming in together, Zhao Ran teased Yeli Huaide: "Good morning, Mr. Yeli, why haven't you gone to Baima Mountain yet?"

    Yeli Huaide chuckled and said, "Just two more days." Previously, Gao Yamen's supervisor, Zhao Randuo, wanted 30% of the members of the Jinbo Club. This was not what he wanted. One of the percentages was given to him a few days ago.  He took it out and sold it to Yeli Huaide for a price of one thousand taels, which was equivalent to giving it away for free.  The money has been deposited into the public accounts of the club, and now Yeli Huaide is also an important shareholder of the club.

    I saw Gao Yanei pulling Zhao Ran and laughing out loud: "Brother Cheng, someone came to visit my father late at night yesterday. Do you know who it was?"

    "Um?"

    Gao Yanei laughed so hard that he held his stomach and couldn't stand up for a long time: "It's Fei Ting Qingxia, Fei Ting Lao Zhongcheng! Do you know what he begged my father to do? Haha, he begged my father to reopen the auction house quickly! Haha,  Ha ha ha ha¡­¡­"

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