The Man in Power After Being Married into Her Family
Chapter 3580

Charlie's words caused Jasmine to instantly feel a surging excitement in her heart.

She had always wanted to make their family's business of collectibles trading and auction bigger and stronger, but she had never been able to replace a suitable breakthrough point.

It was also precisely because she attached great importance to this business that she had immediately befriended Charlie after seeing with her own eyes that he could use the lost cultural relic restoration technics to restore her family's antiques.

She had originally hoped to recruit Charlie to Vintage Deluxe to work for the Moore family, but how could she have expected that Charlie, who was just a superfluous son-in-law at first, was actually the young master of the Wade family in Eastcliff, or that his own strength would be extremely powerful?

Therefore, Jasmine's wish to revitalize Vintage Deluxe through Charlie had long since fizzled out.

Since then, Vintage Deluxe had not been able to replace a better development opportunity.

Although the collectibles industry seemed to be too far away from ordinary people and it was rare to hear of any big action from it, this industry was an uncompromisingly profitable industry with a huge market size.

The turnover of a major auction house might be as much as tens of billions of dollars, and the turnover would be even bigger if there was a super big auction.

Sometimes, even just the auction of a painting could bring hundreds of millions of dollars in turnover to the auction house.

The profit from an auction was also very lucrative, and its way of profit was broadly divided into selfoperation or commission.

Self-operation was nothing more than the traditional antique market model of buying low and selling high.

Commissions were the main revenue channel of auctions.

Generally speaking, auction houses charged commissions ranging from 5% to 15% on lots, and the more prestigious the auction house, the higher the percentage of commission. Under normal circumstances, if a famous painting was sold for one hundred million US dollars, the auction house could get fifteen million US dollars just for the commission itself.

If this amount was converted into Oskian dollars, it would be close to one hundred million dollars.

Therefore, the larger the auction house, the more the ability of the auction house to make money would increase exponentially.

There would be more than a billion dollars of cash income from the brokerage commission alone if an auction made tens of billions of dollars.

Such auctions were held twice a year, and billions of net profit would come to hand.

Moreover, once the auction grew bigger and stronger, it would bring far more than just profits and commission, but the overall improvement of the whole industry chain.

There would also be multiple collectibles stores under a big auction house, and because the auction house was famous enough, there would be large customer traffic.

Such collectibles stores would not

only operate and sell ordinary collectibles, but they would also provide fee-based appraisal services as welbas paid in-store consignment sales to individual sellers and collectors.

Many collectibles that were not qualified for auctions but had some value would be sold privately in these stores.

Since the store was open all year round, the turnover accumulated in a year would also be sky-high, and the commission profit would not be lower than that of auctions in any way.

However, this powerful ability to

absorb money was limited to the top few large companies in the industry. The net profit for Jasmine's Vintage Deluxe was even less than one or two hundred million dollars at the

end of the year

The reason why Vintage Deluxe could not do it was not because Jasmine did not work hard enough, but it was because Vintage Deluxe could not get all the good items in the real sense. Without enough good items, there was absolutely no capital to compete with those top auction houses.

When the top auction houses

auctioned Van Gogh, Picasso, Paul Gauguin, or famous paintings by the world's leading masters, Vintage Deluxe could not even come up with a painting that would sell for more than ten million dollars.

The reason for this was because of the lack of popularity and because it was impossible to get those big collectors to come to Vintage Deluxe to get these items.