Chapter 1706: Chapter 1703: Auction (Part 5)
The initial price was actually the lowest, with the double-person loom being bid up to seventy taels, more than doubling its original price.
The reason was simple. The rchants on the first floor beca utterly desperate. They could only ensure they spent a fortune to buy back a loom, at least one, to relieve their imdiate crisis. Otherwise, their shops would be waiting to collapse, and they clung to this last lifeline, desperately escalating the price.
So small rchants even turned red-eyed.
As such, the wealthy rchants who hadn’t obtained a loom wouldn’t miss this opportunity and kept raising their bids.
Everyone realized that the further it went, the fewer looms remained.
Tang Dongfeng was very adept at controlling the pace of the auction. At first, there were still two or three looms being sold, but as it progressed, the number of looms increased—eight, ten, fifteen—clearly intended for the wealthy rchants.
The small rchants on the first floor simply couldn’t afford them.
Only the second and third floors could shout out such prices. Eight looms required more than 200 taels, and fifteen looms needed more than four hundred taels of silver.
This was already the closing mont of the auction.
Even knowing Tang Dongfeng’s deliberate intention, these people would not miss the opportunity. After all, if truly none were left, the advantage would go to other houses, and they’d lose even more silver.
Moreover, for a royal rchant like the Gao Family, a few hundred taels was not a significant amount. Once they bought back the looms, they could weave cloth faster and sell it to the ladies of officials’ families, quickly recouping their silver.
Even though the Gao Family had prepared so servants from the start, they still wanted to find a way to discuss with others, to see if they could take advantage of the Chu family.
Especially as prices climbed higher and higher, tying looms together for sale.
They could directly use the lowest price to purchase, then split evenly among everyone.
But clearly, he couldn’t get everyone to agree to cooperate, even so, there weren’t many competitors.
Except for the people from Beirong.
Particularly since Beirong was determined to obtain these looms, King Qi, despite wanting to help, had Prince Zilun leave, leaving just one official, who didn’t trust the people of Great Chu and certainly wouldn’t work together.
Because, even as the number of competitors dwindled towards the end, and the price was not low, no one wanted to give up. Especially when the Gao Family got entangled with Beirong, those who initially chose to cooperate with the Gao Family began to panic a bit, trying all ans to grab the last of the looms.
A nearly two and a half hour auction left not only the rchants who ca to participate exhausted but also took a toll on Tang Dongfeng. Still, thinking about today’s revenue, he couldn’t stop smiling, in high spirits.
Once the auction concluded, he imdiately arranged for goods to be delivered to those who had made purchases, while also arranging for the servants in the restaurant to serve als to the guests who remained.
The reason why Tang Dongfeng was able to smoothly rent the restaurant was not just the reasonable price or because the other party wanted to curry favor with the Chu family, but also due to mutual benefits, and they could earn so silver along the way.
The rchants attending the auction were of considerable wealth, and naturally wouldn’t leave with empty stomachs. After concluding, they stayed directly to dine.
Tang Dongfeng withdrew.
When he reached the second floor, upon entering, he saw Ye Muyu already dining. He smiled and said, “Madam, today exceeded expectations.”
“Well done.” Ye Muyu smiled, patting the chair beside her, inviting him to sit down and eat first.
Tang Dongfeng had long arranged for others to handle the wrap-up.
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