In this era, Europe had no national banks. Often, the business scope of banks was limited to a certain big city. Of course, there were also cross-city banks, but at most several cities, and they were all big cities.

At present, the banking industry in Italy is relatively developed. For example, the scale of banks in Venice is relatively large. However, it is limited to the territory of the Republic of Venice. After Venice, the impact is not great. At most, there is still some impact in some big cities.

Of course, there are also some bank families with a large scale and influence. For example, the Fuger family, which supports the Habsburg family, has a relatively large impact on their families' banks. Even the cardinals of Rome recognized the Fuger family's bank bills.

However, those big banks often only set up offices in big cities. For example, in Rome, in Vienna, and in Milan...

A small town like Emden that is not well-known does not have branches of those big banks. Moreover, Marin will not allow outsiders to set up banks in Beihai Country to embezzle cash from Beihai Country.

In fact, Malin planned to set up a bank by himself. However, for various reasons, it has not been established yet. Moreover, even if he formed the official bank of Beihai Kingdom, it can only be targeted at home at best. It is difficult to expand to other countries...

Therefore, the carrying and verification of funds in Emden's auction was a big problem. Because Emden did not have branches of famous banks. Many of the people who participated in the auction simply brought cash to the auction. But for convenience, Marin invited some bank representatives from the Hanseatic League from Hamburg and Cologne to provide settlement services to those who brought bills of exchange. But many people didn't know that Marin invited the bank representatives. In order to successfully capture the goods they wanted, they simply brought a large amount of gold and silver coins.

In order to count these gold and silver coins and issue tickets, Beihai Kingdom also consumed a lot of manpower. In order to help count the gold and silver coins, Marin mobilized a large number of tax officials from all over the country to help count the amount of currency.

In fact, it is still very simple to count the number. But the problem is that the value of currencies in various countries varies!

Not to mention the currency issues of other countries, the currency within Shenluo is very complicated. Because the emperor was elected, the previous emperor authorized the princes to mint coins themselves in order to obtain votes. Then, Shenluo's currency became in chaos...

It’s okay for gold coins, everyone uses high-purity gold coins. Silver coins are more messy...

The same Finny silver coins are used. Some vassal states have high silver content, while others have low silver content. For example, Austria and Bohemia, because of the large amount of silver mines, the Finny silver coins minted are good, and can reach about half of the silver content. Saxony silver coins, because of the developed economy, can also reach about 40%. However, some vassal states have poor economy, which are more chaotic... For example, the Archbishop of Trier, the Finny silver coins they minted are estimated to contain less than a quarter of the silver content, and are lighter than the Finny silver coins of other countries...

Therefore, counting silver coins is the most devastating thing. The officials involved in the counting not only need to calculate the amount of currency, but also calculate the exchange rate based on the silver content of the silver coins of the vassal states, which is very complicated...

It was not until the day before the auction that the poor tax officials calculated the funds of all the participants and sent them to the bill certificate. Then, the participants took the bill certificate and went to the auction management office to receive the license plates for the participants.

...

The next day, the highly anticipated auction finally began...

Imitating the professional auction houses in later generations, Marin specially found an eloquent auctioneer and gave him a small wooden mallet so that he could "find the truth"...

In fact, there were no formal auction houses in this era. In history, formal auction houses seemed to have appeared in the 18th century. Of course, auction bids appeared very early. However, they were not so formal.

Marin distributed a wooden sign to each participant with a wooden handle to "hold the sign", and also assigned seats based on their status and the number of self-produced participants. Generally speaking, those with noble status and those with more money are arranged in the front row, while those with lower status and less money are ranked in the back row...

Then, in the design of the booth, Marin also took a lot of effort - there are no electric lights these days, so the lighting effect is difficult. But Marin used the mirror to spread the outdoor sunlight and asked a special "lighters" to hold a bronze mirror to shine the light on the booth and land on the auction items... Moreover, these "lighters" must constantly adjust the angle of the mirror with the height of the sun...

Then, when the auction began, the buyers were shocked to find that the porcelain placed on the booth was so eye-catching under the sunshine...

"This is a piece of exquisite porcelain from the ancient and mysterious Eastern Empire. The starting price is 10 gold coins, and each time the price is 0.1 gold coins. Now, please show your enthusiasm and start bidding! Please pay attention to each bid, please raise the sign first. And after counting down three or two, I will drop the hammer to confirm that you will get the goods you like! Then, start bidding now!" the auctioneer shouted excitedly.

In fact, the first porcelain that was taken out was not high-quality products, but ordinary civilian products, and the cost per piece was never more than 0.1 taels of silver (100 texts).

But the European rustics present didn't know that they started to get excited with the auctioneer's bewitching. Then, they bid:

"I'll give 10 gold coins!" shouted a fat man in housekeeper's clothing. However, this person forgot to raise the sign. Obviously, he was not yet used to this new auction model.

The auctioneer frowned, but said politely:

"This guest, please raise your sign first and then bid!"

The fat man blushed, then he raised the sign and repeated:

"I'll give out 10 gold coins!"

As soon as he finished speaking, a person next to him also raised the sign:

“10.1 gold coins!”

"Very good, Guest No. 49 has bid 10.1 gold coins, is there any..." the auctioneer shouted excitedly.

"10.2 gold coins!" Another person also raised his sign.

“Guest No. 36 bid 10.2 gold coins…”

"15 gold coins!" The man who looked like a housekeeper sitting in the front row said impatiently. He didn't have the patience to add 0.1 gold coins to those people slowly.

"Okay, the distinguished guest No. 10 has bid 15 gold coins. Is there any higher bid?"

"17 gold coins!" Suddenly, another person in the front row also offered. Obviously, the front row were all big shots, and the price increase was not included in the decimal points.

"17.2 gold coins!" Suddenly, someone from the back row joined in. Obviously, although the person in the back row is not very high and does not have much money, he really wants to get this porcelain...

Then, a very interesting scene occurred at the auction - the price increase in the front row is increased by integer gold coins, while the price increase in the back row is increased by decimal points...

In the end, the first ordinary porcelain sold at a high price of 33.2 gold coins, which was higher than the average price of the highest porcelain auctioned by Conte in Lisbon, Portugal. However, the porcelain auctioned at the beginning was the most common goods...

Then, as the grade of porcelain gradually increased, the price of porcelain also soared... When the 500th porcelain (that is, the best porcelain), the unit price actually reached 97 gold coins, more than three times the auction price in Lisbon...

This is probably the effect after the publicity. In short, the average price of 500 porcelains this time is as high as 46 gold coins. The total price reaches 23,000 gold coins. In Guangzhou, the purchase price of these 500 porcelains is definitely no more than 120 gold coins. In other words, if the cost of navigation is not counted, the profit is as high as 191 times. Even if the cost of navigation is excluding, there will be a huge profit of 100 times!

Next, the auction of silk was not as popular as porcelain. After all, Europe also produced silk, but the quality was average. Porcelain was exclusively supplied by China in this era, so it was naturally more rare.

In the end, the profit of silk is only about ten times, which is far from comparable to porcelain. However, this also makes Marin profitable. Because the amount of silk is larger. The main reason is that the shipping of porcelain is more troublesome. After all, porcelain is hollow and takes up more space. Moreover, special wooden boxes are needed to be fixed to avoid breaking. Silk can be densely stuffed into the cabin, so the amount is relatively large.
Chapter completed!