Chapter 3580


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    Charlie''s words caused Jasmine to instantly feel a surging excitement in her heart.


    She had always wanted to make their family''s business of collectibles trading and auction bigger and stronger, but she had never been able to find a suitable breakthrough point.


    It was also precisely because she attached great importance to this business that she had immediately befriended Charlie after seeing with her own eyes that he could use the lost cultural relic restoration technics to restore her family''s antiques.


    She had originally hoped to recruit Charlie to Vintage Deluxe to work for the Moore family, but how could she have expected that Charlie, who was just a superfluous son-inw at first, was actually the young master of the Wade family in Eastcliff, or that his own strength would be extremely powerful?Property ? 2024 N0(v)elDrama.Org.


    Therefore, Jasmine''s wish to revitalize Vintage Deluxe through Charlie had long since fizzled out.


    Since then, Vintage Deluxe had not been able to find a better development opportunity.


    Although the collectibles industry seemed to be too far away from ordinary people and it was rare to hear of any big action from it, this industry was an upromisingly profitable industry with a huge


    market size.


    The turnover of a major auction house might be as much as tens of billions of dors, and the turnover would be even bigger if there was a super big auction.


    Sometimes, even just the auction of a painting could bring hundreds of millions of dors in turnover to the auction house.


    The profit from an auction was also very lucrative, and its way of profit was broadly divided into selfoperation ormission.


    Self-operation was nothing more than the traditional antique market model of buying low and selling high.


    Commissions were the main revenue channel of auctions.


    Generally speaking, auction houses chargedmissions ranging from 5% to 15% on lots, and the more prestigious the auction house, the higher the percentage ofmission.


    Under normal circumstances, if a famous painting was sold for one hundred million US dors, the auction house could get fifteen million US dors just for themission itself.


    If this amount was converted into Oskian dors, it would be close to one hundred million dors.


    Therefore, therger the auction house, the more the ability of the auction house to make money would increase exponentially.


    There would be more than a billion dors of cash ie from the brokeragemission alone if an auction made tens of billions of dors.


    Such auctions were held twice a year, and billions of profit woulde to hand.


    Moreover, once the auction grew bigger and stronger, it would bring far more than just profits andmission, but the overall improvement of the whole industry chain.


    There would also be multiple collectibles stores under a big auction house, and because the auction house was famous enough, there would berge customer traffic.


    Such collectibles stores would not


    only operate and sell ordinary


    collectibles, but they would also


    provide fee-based appraisal services as welhas paid in-store consignment sales to individual sellers and coffèctors. Content belongs to


    Many collectibles that were not qualified for auctions but had some value would be sold privately in these stores.


    Since the store was open all year round, the turnover umted in a year would also be sky-high, and themission profit would not be lower than that of auctions in any way.


    However, this powerful ability to


    absorb money was limited to the top fewrgepanies in the industry. The profit for Jasmine''s Vintage Deluxe was even less than one or two hundred million dors at the Content belongs to


    end of the year


    UMS


    The reason why Vintage Deluxe could not do it was not because Jasmine did not work hard enough, but it was because Vintage Deluxe could not get all the good items in the real sense.


    Without enough good items, there was absolutely no capital topete with those top auction houses.


    When the top auction houses


    auctioned Van Gogh, Picasso, Paul Gauguin, or famous paintings by the world''s leading masters, Vintage Deluxexcould not evene up with a painting that would sell for more than ten million dors.


    The reason for this was because of theck of poprity and because it was impossible to get those big collectors toe to Vintage Deluxe to get these items.