Charlie’s words made Jasmine’s heart surge in an instant.
She has always wanted to make the collection trading and auction business bigger and stronger, but
she has never found a suitable breakthrough.
It was also because she attached great importance to this business that she immediately became
friends with Charlie after seeing Charlie repair her antiques with lost cultural relic restoration
technology.
She originally hoped that Charlie could be recruited to work for the Moore family, but she could not
expect that Charlie, who was just a son-in-law at the beginning, turned out to be the young master of
the Wade family in Eastcliff, and his own strength was extremely powerful.
Therefore, Jasmine’s wish to revitalize her antique collection through Charlie has long gone up in
smoke.
Since then, her antique collection has not found a better development opportunity.
Although the collection industry seems to be too far away from ordinary people and rarely hears big
moves, it is a real windfall profit industry, and the market is very large.
The turnover of a big auction house may be as much as tens of billions.
If there is a super hot model, the transaction amount is even higher.
Sometimes, just auctioning a painting can bring hundreds of millions of dollars in turnover to auction
houses.
And the auction is also very profitable.
Its profit method is generally divided into self-operated or commission.
Self-operated is nothing more than buying low and selling high, mainly picking up leaks in the
traditional antique market.
Commissions are the main revenue channel for auctions.
Generally speaking, auction companies will charge commissions ranging from 5% to 15% on the
auction items, and the more famous the auction company is, the higher the commission rate.
Under normal circumstances, if a famous painting is sold for a billion dollars, the auction will only draw
a commission to get a million dollars.
It is almost one billion yuan to convert it into dollars.
Therefore, the larger the auction house, the more likely it will be to make money.
An auction sold tens of billions of dollars, and the intermediary commission alone was more than a
billion yuan in cash.
Such auctions are held twice a year, and billions of net profits will be earned.
Moreover, once the auction becomes bigger and stronger, the profits it can bring go far beyond
commissioning, but also the overall improvement of the whole industrial chain.
Generally speaking, there will be multiple collection stores under the banner of a large auction house.
Because the auction house is famous enough, their stores also have a lot of passenger flow.
This collection store not only operates and sells ordinary collections, but also provides fee-based
identification services and paid in-store consignment for individual sellers and collectors.
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