ABT Chapter 0039 Auction
The next day, at school.
The five of them gathered early because the school was hosting a celebration to welcome them back after winning the awards.
Upon hearing this news, the five of them were nervous. What should they say in this rare opportunity to show off?
But as it turned out, they were overthinking it. The vice principal cheerfully handed out a stack of speech scripts, one for each of them.
They took a closer look; alright, why bother worrying about what to say when they've already planned it out for you?
The five of them followed the plan and took their seats.
The school leaders gave speeches, and the entire audience applauded.
The five of them recited their speeches from the script, and the entire audience applauded.
The student representative recited his speech, and the entire audience applauded.
The meeting adjourned, and the entire audience left in a rush.
That was the process.
In short, Li Fanyu didn't even have a chance to show off, which left him frustrated.
Just after the meeting ended, Li Fanyu received a call from Lin Lei.
Lin Lei told Li Fanyu that the Baocheng smuggling case had been closed. Zhao Baocheng was sentenced to twenty-five years in prison for smuggling, illegal business operations, fraud, and several cases of intentional injury from previous years. The Baocheng company and several real estate properties under his name were being auctioned off by the court.
The batch of smuggled cars would be auctioned off tomorrow.
Li Fanyu immediately skipped class and hurried to the branch of the Swiss bank in Tiancheng to cash the promissory note. As he looked at the exquisitely crafted promissory note with wax seals, the flirtatious female manager kept giving him suggestive glances.
Li Fanyu felt a chill. Although she had a slim waist, her legs were too short for his liking. He ignored the manager's flirtatious looks - hard pass!
The next day, Li Fanyu arrived early at the auction. It was called an auction, but it was actually held in a hall next to the courthouse, with people from auction companies present.
At the entrance of the hall, seven or eight people were chatting, all of them from 4S dealerships or car repair shops.
"Manager Wu, see what parts your shop needs, and let's team up to get those five Nanshixing cars."
"Hey, the condition of these cars is too poor. I think there are only a few of us participating in the bidding today. Don't inflate the prices. Just pick one you like and get it at a low price."
"That's right, what Manager Li said makes sense. Don't raise the price, just get it at a low price. Anyway, there are over a hundred cars. Hey, Manager Liu, how many do you want for your shop?"
"It depends on the price. If the price is right, I'll get ten. Our shop uses a lot of parts for these luxury imported cars."
"Oh, Manager Liu is generous. Our small shop can't afford hundreds of thousands of yuan for parts. We'll just take three or four. When the time comes, I'll make sure to take care of Manager Liu if I pick one he likes. Don't raise the price, okay?"
...
Li Fanyu silently registered and paid the deposit. He stood aside and smirked. You guys better not think about it. These cars, not a single one can be bought by you.
As the saying goes, oranges grown in Huainan are oranges, while those grown in Huaibei are bitter oranges. If the cars are in your hands, they'll at most be dismantled for parts. But if they're in my hands, they'll be treasures worth ten times the profit.
As he was thinking, the staff announced the start of the bidding.
Judicial auctions have never been publicized, and if it weren't for insiders or those already eyeing the targets, not many people would know about them.
Moreover, judicial auctions are usually quite awkward. For example, for real estate, the court only handles the auction, and if there are people living in the house, the winning bidder has to clean it up themselves. For cars, after the court auction, the winning bidder has to deal with any outstanding fines themselves.
So over the years, when it comes to judicial auctions, ordinary people are not very enthusiastic. Nobody wants to buy something and then deal with a bunch of trouble.
Li Fanyu followed a few people into the hall, and until the auctioneer announced the start of the bidding, no one else came in.
Sure enough, only a few people participated in the auction. A middle-aged man in a blue professional suit walked onto the stage, looked around, and solemnly said, "Alright, our auction is officially beginning. Today, I will preside over this auction. I am He Li, a nationally registered auctioneer. Here is my Chinese auctioneer qualification certificate, with the certificate number 20009876xx. I will adhere to the principles of fairness and openness, and conduct this auction in accordance with Chinese auction laws and regulations. Welcome everyone, and I hope you actively participate in the bidding. Thank you!"
There were sparse applause in the hall, and the auctioneer didn't seem to mind.
"The first item up for auction is an imported black sedan, with a mileage of fifty-nine thousand kilometers, starting at 50,000 yuan! Each bid increment is 10,000 yuan. Let's begin!"
Immediately, someone raised their paddle, and others shifted their gaze elsewhere upon seeing someone make a move. Several people had already agreed to bid at the lowest price without raising it.
"50,000 yuan once! 50,000 yuan twice! 55,000 yuan!"
The person who had bid initially was secretly pleased with their quick bidding. They were already prepared to hear the gavel when suddenly someone raised the bid. Immediately, they glared around, trying to identify which jerk had broken the agreement.
Li Fanyu leaned back in his seat, sitting in the last row, and shrugged when someone looked his way.
The person got irritated by his gesture and immediately raised their paddle.
"60,000 yuan! 60,000 yuan once, 65,000 yuan! 70,000! 75,000! 80,000! 85,000!..."
Finally, when Li Fanyu raised it to 100,000, the person gave up.
The auctioneer announced the sale, and the bidding for the second car began immediately.
"Starting at 50,000, 50,000 once! 55,000!..."
Li Fanyu raised the bid again, and a new opponent emerged. Seeing Li Fanyu's determined look, the opponent had malicious intentions.
Li Fanyu raised the bid, and the opponent followed suit. The two of them were locked in a bidding war.
They went back and forth, and soon the price was pushed up to 200,000 by Li Fanyu.
"200,000 once!"
Seeing Li Fanyu looking relaxed, the opponent smirked and raised the paddle again.
"200,500 yuan once, 200,500 yuan twice, three times! Sold!"
"Huh?" The auctioneer hit the gavel, and the person looked at Li Fanyu in panic. Big brother, aren't you going to raise it anymore? Aren't you screwing me over? Spend 200,000 to buy a car and then dismantle it for parts? How long will it take to earn it back?
Li Fanyu shrugged, clearly implying - it's your fault for raising the price.
Everyone was there to buy cars to dismantle and sell the original parts. 100,000 yuan exceeded their bottom line, and after being tricked by Li Fanyu, no one dared to raise the price again for the subsequent items.
As a result, Li Fanyu acquired 124 out of the 125 cars.
When he walked out of the auction hall, those who had bid before were already stunned by Li Fanyu's actions.
What a bold move! Spending over ten million to buy a batch of broken cars, this person must have lost his mind.
The Baocheng company had already collapsed, and the company was deserted, with a seal placed on the front gate.
Those cars were sealed and stored in Warehouse No. 11 in their original condition. Li Fanyu followed the court personnel and opened the door to Warehouse No. 11.
Haha, these are all mine now!
After sending off the court personnel, Li Fanyu took out the universal repair device from his space and placed it on the ground.
Five hours later, wiping the sweat from his forehead, he took out his phone and dialed a number.
"Hello, Big Mouth, it's me, Li Fanyu! I have a batch of imported cars here. Can I entrust your website to sell them for me? The condition of the cars is guaranteed to be top-notch, and you can have someone inspect them tomorrow. If there are any problems after sale, I offer a 30-day return policy!"