Jacob haggles aggressively over the price of antique bronze ware, initially offered at 30% of market value with a conservative estimate of 1-2 million. After strenuous negotiation and factoring in production costs, the final price is settled at a mere 100,000 yuan, with Master Cheng clearly displeased by the significantly reduced offer.
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Jacob quickly asked him: “If such things are genuine, how much are they worth?”
Master Cheng thought for a while: “The bronze ware from the Xuande period of the Ming Dynasty has a certain style, and the shape and production are very beautiful.
These items can definitely be auctioned. A conservative estimate is between one hundred and two million.” “
Jacob asked again: “If I want these things, how much can you give me?”
Master Cheng said quickly: “To be honest, Master Murong, when we make things like this, we usually charge 30% of the market price.
I just told you that a conservative valuation for this item should be between one hundred and two million. Let’s take a middle figure of around 1.5 million, 30% of 1.5 million, which is 450,000.”
Jacob immediately said: “No, no, you are too expensive. What if I lose more than 400,000 yuan?”
In fact, Jacob’s inner thought was: “Damn, I need more than 400,000 yuan to buy this thing.
What price is appropriate to ask Peter Zhou? 800,000 yuan? He must have it too.”
When Master Cheng heard this, he immediately said: “Oh, Master Murong, you are too honest. Aren’t the prices for people in our line of work too high?”
As he said that, he quickly added: “I’m not playing with you. I just told you about this thing.