Collection of Gods

Chapter 81 Ten Million Commission
Lot No. 63 of the World Famous Liquor Sale: Yamazaki 50-year-old first edition single malt whiskey, with a hammer price of HK$278.8 million, commission fee of HK$55.76, and a total settlement amount of HK$334.56 million;
Lot No. 53 of the Special Sale of Ancient Chinese Jade: seven pieces of jadeite and Khotanese jade finger rings made by Emperor Qianlong of the Qing Dynasty and a red sandalwood cover with fallen flowers and flowing water and three fish patterns. The hammer price was HK$9000 million, with commission fee of HK$1335 million, and the total settlement amount was HK$10335 million;
The total settlement amount for all the lots: HKD 11859.27.

……

Tang Yuan had become familiar with the bidding rules of the world's top auction houses half a month ago.

When bidding for collections, the hammer price and the final settlement price are different. The hammer price is the money paid by the auction house to the seller, while the money paid by the buyer to the auction house must be based on the hammer price plus commission. OK.

The auction house is not a charitable organization, so it is naturally impossible for them to do business at a loss. Their main source of income is the commission paid by the buyer after each auction item is sold.

Christie's, Sotheby's, China Guardian, Yanjing Poly...

These world's top auction houses have basically the same commission calculation method. For the hammer price of each auction item, if it is 500 million Hong Kong dollars or less, the commission for this part is calculated as 20%. For prices exceeding 500 million Hong Kong dollars to 2000 million Hong Kong dollars, For the portion exceeding HKD 17 million, the commission for this portion of the amount is calculated at 2000%. For the portion exceeding HKD 14 million, the commission for this portion of the amount is calculated at [-]%.

In tonight's auction, only the jadeite and Khotan jade ring made by Emperor Qianlong of the Qing Dynasty had a hammer price of more than HK$2000 million, while the hammer prices of the other lots were all below HK$500 million.

Tang Yuan just took a look and found that he alone had generated nearly 1600 million Hong Kong dollars in revenue for Sotheby's auction house tonight.

"What a huge profit..."

"No wonder you treat me like an ancestor."

Tang Yuan remained calm on the surface, but secretly sighed in his heart.

After briefly calculating the amounts of the last two large-ticket items, Tang Yuan stopped calculating. Sotheby's auction house has a history of nearly 300 years since its establishment, and its credibility is still guaranteed. After all, the auction house's establishment The foundation is credibility. If the auction house loses credibility, then who would dare to buy or sell things at Sotheby's auction house?

Yang Ying saw Tang Yuan put down the consumption detailed list. She knew that Tang Yuan had finished reading, and then asked tentatively: "Mr. Tang, is there any problem with the consumption detailed list?"

"No problem." Tang Yuan shook his head, and then asked: "I don't have that many Hong Kong dollars in my account. Can I settle it directly in US dollars?"

Currently, Tang Yuan has more than 60 billion in cash, of which the RMB reserve is less than 1 million due to the purchase of villas and the acquisition of Jinwei Security during this period. The rest is all in US dollars, a total of 9 million.

U.S. dollars are foreign exchange. If you want to transfer a large amount of U.S. dollars to RMB, you need to go to a bank to handle this business. Although during this period, the president of China Merchants Bank Zhonghai Branch has called Tang Yuan every two days to say hello, but Tang Yuan couldn't. Yuan was really busy during this time, so the matter of exchanging foreign exchange was always put off again and again, so much so that the tone of the president of China Merchants Bank China Overseas Branch in the last few days became inexplicably resentful.

In this regard, Tang Yuan said: Definitely next time!
Faced with Tang Yuan's wish to settle in US dollars, Yang Ying's eyes lit up and she responded with a smile: "Of course, our Sotheby's auction house supports settlement in any currency. We will settle according to the previous working day of HSBC in Hong Kong. Please be aware of the published exchange rate conversion between Hong Kong dollars and US dollars."

"can."

Tang Yuan nodded slightly, and had no objection to what Yang Ying said, because the exchange rate conversion method Yang Ying mentioned was stipulated by Sotheby's auction house, and it has always been this rule in recent decades.

"Okay, please wait a moment."

After Yang Ying received Tang Yuan's affirmative reply, she informed Tang Yuan, then stood up again and walked out of the VIP room quickly on her high heels.

After the other party left, Tang Yuan picked up the hot tea and took a sip.

The aroma is melodious, the tea soup is mellow, and the aftertaste is long. Tang Yuan, who is very knowledgeable about tea tasting, instantly knew that this was the taste of Dahongpao, and it was not just ordinary Dahongpao. Only the top Dahongpao would have such an aftertaste. long.

"If you're curious, just pick it up and look at it openly. This is not a confidential document. Is it worth taking a sneak peek at it?"

Tang Yuan noticed that Wen Muxue's eyes frequently glanced at the consumption list he had just placed on the table. He shook his head helplessly, then picked up the consumption list and stuffed it directly into Wen Muxue's hand.

Wen Muxue blushed slightly when she heard this. She was about to say something, but by chance, she caught sight of the commission fee of HK$1335 million for the last set of jade and Khotan jade rings made by Emperor Qianlong of the Qing Dynasty at a glance. The person was so shocked that his brain went blank, and it took him a long time to recover.

"Senior, this..." "The commission for this set of jadeite and Khotan jade finger rings made by Emperor Qianlong of the Qing Dynasty is actually 1335 million Hong Kong dollars? Isn't it a mistake?"

Wen Muxue pointed to the last position of the consumption list, looked at Tang Yuan and asked with some stumbling.

"The commission is correct, it is indeed 1335 million."

Tang Yuan smiled and saw that Yang Ying hadn't come back yet and was idle anyway, so he gave Wen Muxue some knowledge about the commission systems of major auction houses.

Although Wen Muxue, as a top student at China Maritime Jiaotong University, has strong learning and receptive abilities, the commission fee of up to 1335 million still made her feel a little dizzy: "In other words, we are in the special auction of world famous wines. If you add up all the famous wines that came down, the total value would be comparable to the commission for the jadeite and Khotan jade finger rings made by Emperor Qianlong of the Qing Dynasty?"

"almost."

Tang Yuan smiled and nodded, and then said again: "The cost is not your thing to consider. You should think about it now. What should we eat after we leave here."

"What do you want to eat?"

"I can do it, you decide."

"Okay, then I'll search it on Xiaohongshu!"

……

While Tang Yuan and Wen Muxue were waiting for something to eat, Yang Ying, who had just left for about five minutes, returned to the VIP room with a financial staff member from Sotheby's auction house.

"Mr. Tang, I just checked that the exchange rate between Hong Kong dollars and US dollars at HSBC in Hong Kong yesterday was 7.82. This is the exchange rate sheet of HSBC in Hong Kong yesterday. Please take a look..."

After Yang Ying returned to the VIP room, she first bowed to Tang Yuan, and then handed the exchange rate to Tang Yuan with both hands.

Tang Yuan took the exchange rate sheet, glanced at it casually, and put it on the table.

"How much is the total after converting it into U.S. dollars?"

"Five million dollars."

"Tell me your public account and I'll call the bank now."

After Tang Yuan finished speaking, he directly dialed the exclusive service hotline for private banking customers of China Merchants Bank.

Involving transfers worth hundreds of millions, Tang Yuan had just swiped his card and the bank had to call. So in order to avoid trouble, Tang Yuan directly chose to call the bank and ask the other party to help with the transfer operation.

Of course, for such a huge amount to be transferred, various verification procedures are naturally unavoidable. Tang Yuan understands this very well. After all, this is also for the safety of the user's funds.

About 10 minutes later, as the public account of Sotheby's auction house received a transfer reminder, it meant that the transaction was officially concluded. Then, under the guidance of Yang Ying, Tang Yuan began to sign frantically.

Wen Muxue looked at Tang Yuan in front of her, feeling a little dazed.

Nearly 1.2 million yuan was spent like this?
Really...

So Crazy!

(End of this chapter)