Chapter 19 The First Hearing of the Public Market

Li Cheng operated on the computer on the sofa for a few minutes, and it didn't take long for Wang Feng's mobile phone to receive a text message from the bank about the transfer.

Li Cheng saw Wang Feng looking at his mobile phone, so he said, "Have you received all the money?"

Wang Feng responded with a smile.

Li Cheng said to Wang Feng again: "Brother Wang, at first glance, you are an expert, are you interested in playing two more games?"

Wang Feng listened to it and thought: I picked the best of the wool materials below, let me buy those scraps again, I will be stupid.

So Wang Feng politely declined: "Now that so many people below are looking at the wool, I won't go down to rob them anymore." ”

Li Cheng saw that Wang Feng misunderstood what he meant, so he explained: "Brother Wang misunderstood, I said that in a few days, we will hold a small gambling stone gathering to warm up for the Pingzhou public market to be opened next month, I wonder if you are interested in coming and seeing?"

Wang Feng listened and asked, "Brother Li, can you tell me more about this gambling stone gathering and Pingzhou Gongpan?"

Li Cheng was surprised to see that Wang Feng didn't know about the public market, but he didn't ask too much, so he introduced the two to Wang Feng.

Wang Feng suddenly realized after listening to Li Cheng's message.

It turns out that most of the wool materials placed outside by various businesses are some kilograms of newly pit materials and covered materials, which are prepared for travelers. In other old pits, the wool produced in the famous field is stored in the respective warehouses of the merchants, ready to sell some at the exchange meeting or untie the jadeite at home. After all, these are high-end goods, and the price and value are much higher than those outside, even if they are placed outside, tourists who don't understand these are not likely to spend such a large price to gamble.

And the small gambling stone gathering that Li Cheng said is a small exchange meeting, which is held by all the jade shops on this street. At that time, all merchants will take out some of the wool they have entered that they are not sure of or are not in good condition to discuss and buy and sell with each other. Among them, there will also be merchants who want to be in the limelight, and they will take out their own excellent wool materials and unravel them in public, so that everyone will be envious.

Gambling stone public auction refers to the seller to be traded on the market for publicity, so that the industry or the market according to the quality of the goods, the lowest transaction price recognized in the market, and then by the buyer on the basis of the price, in a sense, it is only the prototype of the "auction" transaction method. The jadeite public market is a grand event in the jadeite industry every year!

According to Li Cheng, the world's largest jade market is the Naypyidaw public market in Myanmar, when jewelry merchants from all over the world will participate, the scale is very grand, and the entrance fee is 100,000 euros. However, because of the continuous civil war in Myanmar, the public market has not been opened for two or three years.

Although the number of gross materials, the number of people, the scale and the trading volume of Pingzhou are not as large as those of the public market, it is currently the largest public market in China.

The process of Ping Chau Public Auction:

1. Admission

Only members of the Ping Chau Jade Association are eligible to participate. To become a member of the Pingzhou Jade Association, you need 2 members with more than 3 years of experience, and you need to sponsor them face-to-face on the spot.

The organizing committee will issue a "Bidding Manual" to each bidder, detailing the matters needing attention in the bidding, the number of the bidder, the type of bidding (open or covert), the quantity and reserve price, and the bidding time. Bidding forms are available on-site.

2. Look at the standard

Bidders must browse the jade and jade wool participating in the public auction within the bid viewing day, determine their bidding objects and bidding prices, and fill in the bidding form

3. Hidden bidding bidding

Concealed bidding: Bidders fill in the bidder's number, bidder's name, bidder's number and bidding price on the bidding form and put it into the bidding box marked with the bidder's number. About 4/5 of the jadeite rough bids are hidden bids.

Bidding: The owner will participate in the bidding in order to sell his raw materials at the ideal price.

Now the market of the implied bid is generally the price of the winning bid is more than 10 times higher than the reserve price.

4. Bid for bidding

Bidding, similar to a live auction. Bidders are all concentrated in the trading hall, and the public market staff will bid for each bid item number announced by the bidders on the spot, and whoever shows the highest bid price (the bidding price must be higher than the reserve price on the label of the material owner) will win the bid. Pingzhou public plate is generally marked with a white label for the rough stone. About 1/5 of the jadeite rough is marked with open bidding.

The vast majority of the raw materials appearing in the Pingzhou standard market come from Myanmar public markets. Many merchants either leave the raw materials they get there intact, or disassemble them again and transport them to Ping Chau, where they are sold again or even many times. This practice is known as the "secondary public market" by industry experts, and it is becoming increasingly popular and is considered by more and more people to be the fastest way to make profits.

In Pingzhou Gongpan, the material owner is often also the buyer, and while bidding for his own raw materials, he is also selecting suitable raw materials. Most of the raw materials sold in the public market are decomposed on the spot in Pingzhou and processed on the spot. It is said that as soon as the chainsaw of the material is opened, it will be overcrowded, and those who order pieces directly, bracelets, bracelet cores and scraps are overwhelmed by merchants.

After hearing these words, Wang Feng longed for Pingzhou Gongpan, this is a great opportunity for himself to make money! After he lowered his head and spent five minutes digesting this information, he looked up at Li Cheng and said: "Brother Li is so kind, how can the younger brother refuse, I don't know when this gambling stone gathering will start? ”

Li Cheng replied, "This gambling stone gathering will start in two days. However, it will not be held in the city, but in the suburbs, so we can go together when the time comes. There is still time, I wonder if Brother Wang is interested in going to my warehouse here to have a look? I can let you pick three pieces first. ”

It's really sleepy, and when you come, you have a pillow. Wang Feng was overjoyed when he heard this: "Thank you Brother Li for your generosity." I'd better be respectful than obey. Although Wang Fengzhi only asked him to pick three pieces of wool, these old pit wool materials were the lifeblood of jade merchants, and Li Cheng's ability to let him pick three pieces was already very face-saving for him. You must know that if a jade merchant does not have purchase channels and a certain amount of wool reserves, this store will not be open for a long time.

After the two negotiated, they didn't procrastinate, and walked directly to the warehouse below, while Tan Lao and Xiao Xu also went together.

On the way there, Wang Feng was dealing with Li Cheng, who introduced things to him, while thinking about how to participate in the Pingzhou public market next month, and among the people he knew, only Li Cheng in front of him could help him.

"Li Cheng is definitely a member of the Pingzhou Jade Association, and now it is impossible for him to help me become a member of the Pingzhou Jade Association, and I just want to go in and participate in the bidding to make a sum of money, and I don't necessarily need to become a member. But it's not very easy for him to take me in to participate in the bidding, what should I do?" Wang Feng thought to himself.

Suddenly, Wang Feng had a flash of inspiration: "As long as I show enough value, that is, the ability to gamble on stones." Then, without me having to talk to him, he would invite me to come with him and work with him. ”

As soon as Wang Feng thought about it, the group arrived at their destination.