<h2 ss="wp-block-heading">The Amazing son inw Chapter 3849</h2>
Charlie’s words sent a wave of excitement through Jasmine’s heart.
She had always aspired to expand the collections trading and auction business, yet had struggled to find the right breakthrough.
This venture meant a great deal to her, so witnessing Charlie utilize his expertise in restoring lost cultural relics to rejuvenate her antiques left her utterly captivated by him.
Initially, Jasmine hoped to bring Charlie into Jiqingtang to contribute to the Moore Family’s endeavors. However, she never anticipated that Charlie, who she thought was merely a stubborn son-inw, was actually the young master of the Eastcliff Wade Family, possessing remarkable strength and influence.
Consequently, Jasmine’s dream of revitalizing Jiqingtang through Charlie faded away.<h3 style="background-color:DodgerBlue">
Since then, Jiqingtang has struggled to discover better opportunities for growth.
While the collectibles industry may seem distant from the average person and rarely makes headlines, it is, in reality, a highly lucrative sector with a vast market potential.
A prominent auction house can generate turnover ranging from tens to hundreds of billions during a single auction. In extraordinary cases, the figures can soar even higher.
For instance, auctioning a single painting can yield hundreds of millions in revenue for the auction house.
The profit margins in auctions are substantial, generally divided into self-operating sales ormission-based earnings.
Self-operating sales involve acquiring items at a low price and selling them at a higher price, following the traditional antique market’s leakage-picking model.
Commission fees represent the primary source of revenue for auctions.
Typically, auction houses chargemissions ranging from 5% to 15% of the sale price. The more prestigious the auction house, the higher themission percentage.
For example, if a renowned painting sells for $100 million, the auction house could earn amission of $15 million.
When converted to renminbi, that’s almost 100 million yuan.<fneaa2> Get full chapters from find·novel</fneaa2>
Thus,rger auction houses have exponentially greater earning potential.
When an auction achieves sales in the tens of billions, themission alone can generate over one billion in cash.
Such auctions typically ur twice a year, resulting in billions of dors in profit.
Moreover, as an auction house grows stronger, the profits extend beyond immediate gains to enhance the entire industry chain.
Arge auction house often operates multiple collectibles stores. Due to its reputation, these stores attract significant foot traffic.
These stores not only engage in the sale of ordinary collectibles but also offer paid identification services and consignment options for individual sellers and collectors.
Many valuable collectibles that don’t qualify for auction are often sold privately through these shops.
Since these stores operate year-round, the umted turnover over a year can be substantial, withmission profits rivaling those of the auctions.
However, this capacity to generate revenue is typically reserved for top-tierpanies in the industry. At Jasmine’s Jiqingtang, the annual profit is far below one or two billion.
The reason Jiqingtang has struggled is not due to Jasmine’sck of effort; rather, it has been unable to acquire truly exceptional items.
Without a sufficient inventory of high-quality items, it cannotpete with leading auction houses.
When top auction houses are showcasing works by Van Gogh, Picasso, Paul Gauguin, or even Chinese masters like Qi Baishi and Zhang Daqian, Jiqingtang finds itself unable to present a single painting valued over 10 million yuan.
This shortfall stems from itsck of recognition, making it impossible for major collectors to entrust their pieces to Jiqingtang.<h2 ss="wp-block-heading">The Amazing son inw Chapter 3849</h2><h3 ss="has-text-align-center wp-block-heading"><strong></strong>