Chris's words caused Walan's heart to surge instantly.
She had always wanted to make the business of collectibles trading and auction bigger and stronger, but had never found a suitable breakthrough point.
It was precisely because she attached great importance to this business that she had immediately befriended Chris.
After seeing with her own eyes that he could restore her family's antiques with the lost relic restoration technology at her store Antique Hall.
She originally hoped to recruit him to Antique Hall to work for the Sona family.
But how could she have expected that Chris, who was just a son-in-law at 1st, was actually the young Lord of the Arthur family from the capital, and his strength was extremely powerful.
Therefore, her wish to revitalize Antique Hall through Chris has long since fizzled out.
Since then, Antique Hall has not been able to find a better opportunity for development.
The industry of collectibles, although it seems to be too far away from ordinary people, and rarely hear any big action: But this industry is an uncompromisingly profitable industry, and the market size is huge.
For a big auction house, auction turnovers may be in the 10s of billions of dollars, if there is a super explosive item, the amount of sales is even higher.
Sometimes, just with the auction of a painting, the auction house can bring 100s of millions of dollars in turnover.
The auction is also very profitable, and its profitability is broadly divided into self-employment or commission.
Self-employment is the traditional antique market model of buying low and selling high.
Commissions are the main revenue channel of auctions.
Generally speaking, auction houses charge commissions ranging from 5 percent to 15 percent on lots, and the more prestigious the auction house, the higher the percentage of commission.
Under normal circumstances, if a famous painting is sold for $100 million, the auction house can get $15 million just for the commission.
This translated into, almost 100 million.
Therefore, the huger the auction house, the more geometrically enhanced the ability to make money.
In an auction of 10s of billions of dollars, just the brokerage commission will have more than a billion cash income.
Such auctions held twice a year, billions of net profit will come to hand.
And also, once the auction becomes bigger and stronger, it can bring more profits than just commission, but the overall improvement of the whole industry chain.
Generally speaking, under a big auction house, there will also be multiple collectibles stores, because the auction house is famous enough, so they have these stores, and the customer traffic is also very huge.
Such collectibles stores will not only operate and sell ordinary collectibles but also provide fee-based appraisal services and paid in-store consignment sales to individual sellers as well as collectors.
Many collectibles that are not qualified for auctions, but have some value, are sold privately in these stores.
Since the store is open all year round, the turnover accumulated in a year is also sky-high, in which the commission profit is not lower than that of auctions in any way.
To be continued...
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