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Chapter 744: The Auction Begins(1/2)

Zhen Mi talked about the auction rules, and a merchant immediately raised his hand and said:

“This auction rule is unfair!

Everyone only has one chance to take pictures, so what if I want to take more photos?"

Zhen Mi looked up and saw that she was talking about a short and ugly man wearing a green brocade robe.

The man's voice was hoarse, and there was an evil light flashing in his eyes.

Zhen Mi felt a little disliked when she saw him.

I looked carefully at the sign next to his seat, which read: Yecheng Pawnshop, Mei Renxing.

It turned out to be a pawn shop. Are even such a businessman interested in black iron ore?

Zhen Mi explained to Mei Renxing lightly:

“The share of the auction of the maze iron ore is different.

If Boss Mei is rich and powerful, she can participate in the auction later and her share will naturally be more.

Of course, the price will be higher.

Do you have any other things you don’t understand?”

In fact, Mei Renxing stood up and listened to Xu Damao's instructions. He was not very interested in the black iron ore.

These big businessmen are extremely smart, and they will understand such simple rules once they say them.

There is a sound of needles falling in the cabinet, but no one asked questions again.

Zhen Mi continued:

“Since everyone has no objection, the auction officially begins!

First, the market starts with one percent share.

The starting price is 10 million yuan, and each increase must not be less than one million yuan!"

After Zhen Mi said that, the wooden hammer in her hand fell gently, marking the official start of the first share.

These merchants are more sophisticated than monkeys.

They had already consulted the Zhen family about the scale of the black iron ore long before the auction began.

These people know clearly how much benefits can be gained by one percent.

"Five million!"

As Zhen Mi dropped the hammer, a merchant immediately increased the price, and he opened his mouth and said five million yuan.

"One thousand seven million!"

Soon another merchant rushed to buy it.

"One thousand eight million!"

"Twenty million yuan!"

More and more people are bidding, but those who compete for one percent of the share are merchants with strength in the middle and lower reaches.

The truly powerful businessmen are waiting for their share and do not participate in the auction.

Otherwise, the auction price will be even more outrageous.

Just when everyone was competing fiercely, Xu Lin whispered to Mei Renxing beside him:

"Boss Mei, you can take a photo of this 1% share."

"ah?"

Mei Renxing originally planned to watch the excitement, but he didn't understand the thing about Xuan Iron Mine.

Even if you take a photo, can you really make money?

What's more, the percentage of the share has been sold for 20 million yuan. Is this a gold mine?

Mei Renxing said to Xu Lin carefully:

"Mr. Xu, this black iron ore is too expensive, and the villain has limited financial resources.

Look..."

Xu Lin's face darkened and he spoke:

“Boss Mei said before that she was loyal to my Xu family.

Why, now I'm not willing to give you some effort?

If Boss Mei doesn't even want to help with this little bit of fun.

Then I should tell my uncle and reposition your relationship with my Xu family."

Xu Lin's words were full of threat, so how could Mei Renxing not hear it?

I'm afraid that now I don't follow his wishes, Xu You will push himself to Zhang He to vent his anger.

Mei Renxing squeezed out a smile that was even worse than crying and said to Xu Lin:

"Mr. Xu, don't be angry.

I buy it, can't I buy it?

The villain listens to the young master.”

Xu Lin ordered:

"You just bid 30 million, and compare those who bid.

Of course no one will compete with you.”

"It's... the villain knows."

Mei Renxing responded, but his heart was bleeding.

He now regrets it a little. Why did he get involved in the Xu family, a family that can eat people but doesn’t spit bones because of his temporary greed?

Xu You and Xu Lin’s uncle are even worse than his own profiteer!

"Thirty million yuan!"

Mei Renxing had no choice but to bid, and the other merchants immediately stopped raising prices.

It's a bit fierce to increase the price in one go...

Zhen Mi also began to ask the merchants present:

"Boss Mei has bid 30 million, is there anyone following him?"

Everyone didn't say anything.

Although black iron ore is precious, it is not much more than one percent of the share.

These merchants have calculated that the annual income of one percent is about five million yuan.

If you invest 30 million yuan, it will take at least six years to recover the cost. This rate of return is not cost-effective at all.

With so much capital, they can do business they are familiar with, and the profits are not necessarily worse than buying black iron ore, so they don’t have to worry about risks.

Most of the competitors are profit-seeking businessmen.

They do not care about the strategic value of brown iron ore, but only consider their own profits.

If the returns fail to meet expectations, they will naturally be discouraged.

"Thirty million first time!"

"Thirty million second time!"

"Thirty million third time!

make a deal!"

"Congratulations to the Yecheng Pawnshop, Boss Mei Renxing, who obtained one percent of the share of the black iron ore!"

Mei Renxing stood up to greet everyone, with a very miserable smile on his face.

His 30 million is basically a waste of money, and I don’t know how many people he has to cheat to make a profit.

Yuan Shu glanced at Mei Renxing with a strange look.

He used the Emperor's Qi-seeking technique to explore the aura of this person.

This boss Mei is surrounded by bad luck and is obviously in trouble recently.

The first person to take out the auction share and let such an unlucky guy take it away?

It shouldn't be!

It was not until Yuan Shu saw Xu Lin beside Mei Renxing that he knew it.

It turned out that the Xu family wanted Xuan Iron Mine and found a small character who stood up for him.

No wonder Boss Mei looks unlucky.
To be continued...
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