000103 Investment Advisors

Jensen, who was far away in New York, called and asked if he was going to England to attend the auction. Thinking that Li Qinglin and the others were coming soon, Xiao Yifei was too lazy to make this trip, so he refused.

Then after chatting for a while, Jensen asked:

"Mr. Xiao, are you really not participating in the auction?"

"I'm not going, anyway, the jade seal I want has already signed a power of attorney."

There is also a special auction in China at this auction, there is a "Treasure of the Eight Signs" imperial seal, estimated at 400,000 to 600,000 pounds, Xiao Yifei filled in the order limit is 1.5 million pounds, he thinks this price should be able to get the imperial seal.

"Mr. Xiao, you will definitely get a fruitful harvest in this auction."

Xiao Yifei asked with a smile:

"You know, I've been busy with the grape harvest lately, and I don't know how your preview is going."

"The preview was a great success, with so much interest in the quality of the lots, with sales in our catalogue up by 30% and some of the big private funds making it clear that they would come in for auction. Judging from the actual applications received so far, the results are very good, and many collectors who do not appear often have also entered the market. ”

Xiao Yifei modestly expressed caution:

"You don't necessarily have to participate in the auction."

"No, no, I'm not judging from that."

"Oh, what makes you so optimistic?"

"Mr. Xiao, it seems that you really don't care much about the company's affairs."

Xiao Yifei was a little embarrassed.

Jensen continues:

"Our autumn auction this year was first held in Hong Kong and was very successful."

After Jensen's explanation, Xiao Yifei learned that at Sotheby's Hong Kong's 2009 Autumn Auction, Xiao Yifei and the majestic Sotheby's Hong Kong Auction totaled 2,400 lots with a total turnover of HK$1.3 billion (US$166 million), the third highest total at Sotheby's Hong Kong in the past years, and 88% higher than the total turnover of this year's spring auction. This is also much higher than the 50% increase forecast of Cheng Shoukang, the former CEO of Sotheby's Asia.

In this autumn auction, in addition to the auction of Chinese porcelain handicrafts that attracted everyone's attention on the last day, Chinese calligraphy and painting and twentieth century Chinese oil paintings, which Xiao Yifei did not participate in, are also the focus. The strong performance of Chinese mainland collectors in the auction led to Sotheby's Hong Kong's auction records, the world auction record for Chinese furniture (the Qianlong Throne bought by Xiao Yifei) and the highest ever auction price for Chinese calligraphy and painting at Sotheby's Hong Kong.

The entire auction world was attracted by the exceptionally successful autumn auctions, believing that the gloomy scene caused by the crisis had been swept away, and that the next step was to enter a recovery period. Sotheby also made an optimistic estimate of the autumn auction in London.

Xiao Yifei said a few more modest words, and Jensen began to ask about the auction money.

"I don't know if Mr. Xiao has any plans?"

What do you mean? How can such a sensitive question be asked?

"Do you have any suggestions?"

"I don't know if Mr. Xiao is still interested in our company's stock."

Xiao Yifei carefully thought about the place where he would spend money after this auction, in addition to paying for cultural relics, the first must be to pay taxes, second, it must be the Tong Pavilion in Paris that is estimated to cost tens of millions, and the third is the resort, which is expected to be 10 million in the sky. Fourth, it seems that there is no fourth.

Now that the vineyard has more than 260 acres, plus the 50 acres of Takahashi in tow, there is no need to expand the vineyard much until the Isis space has not been thoroughly studied, fast-growing, delicious, and unfortified grapes, and the vineyard will expand by another 100 acres at most, reaching more than 400 acres, which is twice the size of the previous Monterena winery.

As for the house, I also bought a house here in San Francisco. Where else is the money needed?

Xiao Yifei turned on the computer to check Sosby's stock price, and asked Jensen: "Does anyone want to sell the stock?" ”

"Yes, there are a couple of minority shareholders who want to sell their shares."

I don't know if I don't see it, I was shocked when I saw it, now Sosby's stock price has reached more than 13 US dollars, and Xiao Yifei was estimated to be more than 8 yuan when he bought the stock at a premium of 10 yuan, which means that now he has made a net profit of 30%. As soon as the London auction is over, the price of the stock will definitely rise, maybe as long as $18. His 80 million will become 150 million, and the money will come too quickly.

"At what price are they going to sell?"

"$25."

What the? This price is outrageous, the premium is 100%, who dares to ask for such a price.

Even if the turnover of the Hong Kong autumn auction exceeds 100 million US dollars, even if the turnover of the London autumn auction reaches 300 million, and the subsequent New York autumn auction reaches 500 million, even if the total turnover of this year recovers to 3 billion, the operating income is definitely not as high as in previous years, and there is no capital to support the stock price to occupy such a high position.

From the lowest price of 6 yuan in February to 25 US dollars, this is a 4-fold increase, and the stock has risen 4 times in 1 year.

"That's outrageous, isn't it?"

"You can negotiate this specific price, I'm just helping to ask if you have this intention."

"Why do you want to do it now, Sotheby's stock price is already rising rapidly, why not stay."

"This, I can't answer you, you can ask someone else."

"Okay, I'll hear you in a few days."

Xiao Yifei was thinking about stocks while working that day, but he had no clue.

The next day, he received a call from Wells Fargo, since dealing with Wells Fargo, he received calls from Wells Quoc from time to time, inviting him to some drinking parties, the first time he received an invitation, he was flattered to attend, only to find out that it was a drinking party about investment and financial management, selling a kind of bond. Those people talk about the sky, as if you can make a fortune by buying bonds. Fortunately, Xiao Yifei remembered how the financial crisis came about, so he did not buy these financial products.

Later, he asked his lawyer, Ryan, and found out that there were too many such drinking parties, basically once a month, that is, some projects or enterprises wanted to get some money from rich people. Many projects are purely not optimistic about their prospects, and I hope to find some wronged ones to try.

Of course, this kind of cocktail party does recommend good projects, but such projects can generally be borrowed from banks, but now the banking industry out of cautious lending considerations, may hold a cocktail party to invite rich people who may be interested, and the bank only plays a role as a matchmaker.

In addition, there are some projects that may have profits, maybe they are still big returns, but the risks are too great, and the banks dare not try them, so they hold a cocktail party for everyone to judge whether to invest or not.

So later, Xiao Yifei simply stopped participating in this kind of drinking party. I was so busy during this time that I didn't answer the phone at all.

It's just that this time it was Marshall, the vice president of Wells Fargo, who had dealt with him, although Xiao Yifei was a small pit by Wells Fargo, but Wells Fargo did let Xiao Yifei get the winery early.

"Mr. Xiao, are you free? I invite you to coffee. ”

Khan, I'm going to run back to San Francisco for a cup of coffee for you.

"What's wrong? Is there something wrong? ”

"Why don't I come to you?"

"Forget it, let's do it tomorrow afternoon."

"Okay, see you tomorrow at 2 p.m., at the café across from the bank."

Li Qinglin and they will arrive in two days, and Xiao Yifei has to rush to Los Angeles to pick up the airport, so he should leave in advance.

After the end of next month, that is, November, even if the transition period is over, Bo will have nothing to do with the winery at all. Fortunately, it's not yet November, and the winery has nothing to do for the time being, just receiving tourists and pouring tanks in the fermentation room every day. Xiao Yifei has only been away for a few days this time, and he will be responsible for each piece according to the last arrangement.

After entrusting the black nose to David and explaining a few words, Xiao Yifei drove away from the winery and drove to his home in Danville. After buying the house here, this was the first time he had come to live here.

It's only 100 kilometers away, but you can clearly feel that Danville is warmer than Callistoga, probably because Napa just rained a few days ago, Xiao Yifei sat in the backyard in a long-sleeved shirt and basked in the sun, working hard for a month, basking in the warm sun, so comfortable.

The next day, Xiao Yifei spent the morning in Danville, went to the supermarket to buy a lot of daily necessities, and finally ate a meal he cooked, which was the first time he had cooked in the United States in so long.

Drove to San Francisco. When the time was almost up, Xiao Yifei walked into the café.

Picking a café where he could bask in the sun, Xiao Yifei slowly looked at the newcomers outside, he hadn't rested so comfortably for a long time.

Marshall pushed the door open and entered, glancing around. As soon as Xiao Yifei raised his hand, Marshall came over, but why was there a woman behind him?

Marshall sat down, and the reddish-brown haired woman sat next to him.

Marshall honestly and unceremoniously beckoned the waiter to ask for two cups of coffee.

"Shaw, this is the best financial advisor in charge of our Wells Fargo, Ms. Catherine. She is my right-hand man. ”

Marshall is the vice president of Wells Fargo, where he manages Wells Fargo's wealth management, brokerage and pension businesses. This Catherine is in charge of a financial advisory company, and of course he is his subordinate. It seems that it is Catherine's subordinates who harass Xiao Yifei by phone all day.

The two sat and shook hands, and Catherine smiled and said:

"Mr. Xiao is really busy, and he doesn't answer the phone."

Xiao Yifei smiled embarrassedly:

"It's really busy during the picking season, and after the harvest, we have to make wine. It was my first year at the helm of the winery and I had to learn all the way. ”

"Just kidding, Mr. Xiao doesn't have to take it seriously."

"Marshall, what are you looking for from me?"

"I'm just talking to you, and I'm introducing you to Catherine. We have dealt with many Chinese tycoons, and we know that you are biased against financial management, so the main thing is to ask Catherine to introduce you to this information. ”

Then Marshall went back to continue working, and Catherine gave Xiao Yifei some laws and regulations on acting as financial agents and financial advisors by the legal and regulatory agencies in the United States, hoping to dispel the prejudice of wealthy people like Xiao Yifei who had just arrived in the United States against them.

Then Catherine introduced Xiao Yifei to the financial rules and several cases of Wells Fargo. There are three types of financial management, including conventional financial management, specific stage financial management, and specific event financial management, and Xiao Yifei's acquisition of Sotheby's stocks and winery is specific financial management. And she also admitted that Wells Fargo's personal finance business fees are divided into basic transaction fees, asset management fees, commissions, and interest.

For Xiao Yifei, a wealthy man with assets and funds of more than 50 million, Wells Fargo Wealth Management Company provides special services and financial services, and there are many preferential policies. For example, savings are exempt from asset management fees, and fund account management fees are discounted, and they are decreasing year by year. Tax avoidance services are also available.