Auctions sotis aren’t about the intrinsic value of the item but, like gambling, involve tactical skill in a ga of chance.
Unless one has absolute capital to keep buying, in cases where the prices are similar, it all cos down to who can guess the intentions of their opponents and decide whether to continue the ga.
Jun Yan was well-taught by the Jun Residence in this regard, adeptly playing the strategic ga, "Godmother, I’m telling you, if you raise the bid now, he will definitely think you really want it and will increase in incrents of fifty thousand. When it gets up to eight hundred thousand, he will only dare to test your bottom line by raising ten thousand at a ti!"
Yan Yueqing understood this well, "Alright, then let’s raise it slowly."
"Bidder number one offers seven hundred thousand!"
"Bidder number six ups the bid to seven hundred and fifty thousand!"
"Bidder number one offers eight hundred thousand!"
"Bidder number six offers eight hundred and ten thousand!"
Everything was playing out exactly as Jun Yan had predicted.
Yan Yueqing pressed the give up button without hesitation.
"Eight hundred and ten thousand, once!"
"Eight hundred and ten thousand, twice!"
"Eight hundred and ten thousand, three tis!"
"Sold!" the auctioneer declared passionately, "Congratulations to the guest in Box number six, who has purchased the Gold-sprinkled Water-patterned Xuan Paper for eight hundred and ten thousand!"
Old Tao pinched off his cigarette, his expression sowhat incredulous, "He’s given up?!"
Old Shi took a bit of malicious pleasure, "Who would have thought you had a hobby of collecting Watermarked Xuan Paper? Are you planning to buy it as a gift for a young female companion?"
Wang itong was stunned; as a dance student, what would she need Xuan Paper for?!
However, seeing Boss Tao’s increasingly dark expression and rembering she was still live streaming, she hurriedly said, "Last night at dinner, Brother Tao told he’s been practicing calligraphy recently... He must have bought this for future practice."
Her sugary words managed to ease Boss Tao’s mood for a mont.
A clever person, knowing how to give oneself a way out.
But the live stream audience wasn’t buying it.
"I’m dying of laughter, it’s the first ti I’ve seen soone who failed to jack up the price still talking big."
"If he paid the money, doesn’t that an it’s not a failed price jack? Besides, how do you know the person in Box number one wasn’t just trying to jack up Top Brother?"
"Yeah, Top Brother could effortlessly spend five hundred thousand on gifts for ii, so what’s an eighty-one thousand Xuan Paper to him? A piece of cake!"
"I think this live stream is so epic! Hahahaha! Top Brother agreed to this live broadcast, probably wanting to record his mont of spending lavishly. But now, it’s captured him failing to jack up the price?! I’m dying, I need to share this live stream with my friends and family for so laughter."
"Why not share it with ? Just because we don’t know each other?!"
Wang itong watched as comnts flew past on the screen, relieved that the cara was focused on the 3D projection and couldn’t capture their facial expressions and movents...
Otherwise, Brother Tao’s irritated snuffing out of his cigarette would have been recorded, and he would have been flad by fans...
If it weren’t for the fact that what’s done can’t be undone, she even felt the urge to turn off the microphone.
Inside Box number one, the server couldn’t help but find the situation amusing and struggled several tis to suppress his laughter, which finally broke out the mont the auctioneer closed the sale with a gavel.
Such a room full of crafty people!
Outmaneuvering others completely!
He stood up, "I’ll go swipe the card for the just-sold lot first."
Yueqing waved her hand, "No need, sit down for now, and swipe his card last! If the other party defaults, I’ll pay."
Auction houses establish the rule to swipe the card right after the sale to prevent bidders from running away after impulsively driving up the price.
Though their invitation system greatly reduces the occurrence of defaulting, it’s not unheard of!
Upon hearing Yueqing say that, the server imdiately relaxed, "Okay."
Following that was the third item, a crown that both of her sons found appealing.
The auctioneer was quite enthusiastic, "This Diamond Crown, an engagent crown worn by an eighteenth-century queen of Country Y, has a very lodious na, ’Star River,’ symbolizing the Milky Way. The main diamond is a fifteen-carat pear-shaped white diamond, complented by one hundred and eight smaller diamonds, beautifully designed... The starting bid is ten million."
To stir up guest enthusiasm, items aren’t always ordered by value but are interspersed with higher-valued ones in the middle.
One reason is to invigorate the auction atmosphere, and the second is to add value to the subsequent lots.
For example, I sell an apple for ten bucks; then I bring out a pear priced at fifty, and many people will think—why is it so expensive?!
But if I first sell an apple for a hundred bucks, then bring out a pear priced at fifty, people’s subconscious will draw a comparison—hey, that’s quite cheap.
Completely forgetting, whether it’s an apple or a pear, their intrinsic value might not even be that high?!
That’s the charm of an auction!
Sure enough, many people were here for this Diamond Crown.
"Bid number three offers eleven million."
"Bid number seven offers twelve million."
"Bid number eleven offers thirteen million..."
Although the auction house’s rule is to increase by ten thousand at a ti, everyone’s estimation for this item was around twenty million, and nobody wanted to be that stingy bidder adding ten thousand by ten thousand, so the bids were coming in fast and furious!
In just two minutes, the price had already soared to twenty-three million.
Yan Yueqing upped the bid directly: "Twenty-three million and fifty thousand."
The auctioneer had thought that the client in VIP room number one had no intention of bidding for this item.
But who would have thought, the big shot suddenly added fifty thousand?
"Bid from number one, twenty-three million and fifty thousand!"
Hearing this price, Brother Tao unknowingly furrowed his brows, "Just adding fifty thousand, could number one be trying to drive up the price?"
Old Shi was a bit uncertain, the other party’s tactics were very puzzling...
Wang itong looked at Brother Tao, then back at the exceptionally beautiful crown, feeling an indescribable urge to possess it.
But she understood, such a valuable item, the other party wouldn’t possibly buy it to give to her!
She gritted her teeth and instigated, "It must be price driving, just now Brother Tao estimated the crown’s price to be about twenty-two million or so, people in the VIP room number one must have had soone appraise it, that’s why they’re slowly adding fifty thousand just to annoy others."
The live comnts were already sward with a big crowd of onlookers, and hearing Wang itong’s words, they couldn’t help but laugh uncontrollably.
"Adding fifty thousand at a ti, and it’s called pestering others? Then what about Top Brother who was just adding ten thousand at a ti, wasn’t he pestering others even more?!"
"Does she even hear what she’s saying?!"
"I’m drifting away, after watching an auction, with not even two hundred bucks in my pocket... suddenly feels that over twenty million isn’t expensive?!"
"That crown is really beautiful wuwuwu..."
Old Tao had just been played by soone from VIP room number one and really wanted to drive the price up to pester them back, but he was also afraid they might pull another fast one.
Hearing that number one had only added fifty thousand, he hesitated for a mont, but chose not to place a bid...
The sa trick shouldn’t be used twice!
The auction continued.
The crown had now reached a bid of twenty-six million.
Yan Yueqing didn’t add much, each ti only fifty thousand.
After the client at number fifteen bid twenty-seven million and saw the other party add another fifty thousand, they finally bit the bullet and hit the abandon button.
The auctioneer called out.
"Twenty-seven million and fifty thousand, once!"
"Twenty-seven million and fifty thousand, twice!"
"Twenty-seven million and fifty thousand—" Just as the hamr was about to fall, the price refreshed again.
"Thirty million!"
Hey!! Wait a second!
The auctioneer checked the number of the bidding room.
Number one?!!
What does this an?!! Was she bidding against herself?!
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