Ye Chen's words made Song Wanting's heart surging instantly.

She has always wanted to make the collection trading and auction business bigger and stronger, but she has never found a suitable breakthrough point.

It is precisely because she attaches great importance to this business that when she saw Ye Chen using lost cultural relics restoration technology to repair her antiques in Jiqingtang, she immediately became interested in making friends with Ye Chen.

She originally hoped that Ye Chen could be recruited to Jiqingtang to work for the Song family, but she did not expect that Ye Chen, who was just a son-in-law at the time, had a real identity as the young master of the Ye family in Yanjing, and his own strength was extremely powerful.

Therefore, Song Wanting's wish to revitalize Jiqingtang through Ye Chen has long since disappeared.

Since then, Jiqingtang has not found a better development opportunity.

Although the collectibles industry seems to be too far away from ordinary people and rarely hear any big moves, this industry is an undefeated and profitable industry with a huge market size.

The transaction volume of a large auction house may be as many as tens of billions of dollars. If there are super hot products, the transaction volume will be even higher.

Sometimes, just auctioning a painting can bring hundreds of millions of dollars in transactions to the auction house.

The auction profit is also very generous, and its profit method is generally divided into self-operated or commission-drawing.

Self-operation is nothing more than buying low and selling high, mainly focusing on the traditional antique market’s bargaining model;

Commission drawing is the main revenue channel for auctions.

Generally speaking, auction companies will charge commissions ranging from 5% to 15% for the goods, and the more famous the auction companies are, the higher the commission rate will be.

Under normal circumstances, if a famous painting is sold for 100 million US dollars, the auction can get 15 million US dollars by just taking commissions.

It is equivalent to RMB 100 million.

Therefore, the bigger the auction house, the more money-making ability will be.

A auction costs tens of billions, and the intermediary commission alone can earn more than one billion in cash.

Such auctions will be held twice a year, and billions of net profits will be obtained.

Moreover, once the auction becomes bigger and stronger, the profit it can bring is much more than commissions, but the overall improvement of the entire industrial chain.

Generally speaking, there are multiple collection stores under a large auction house. Because the auction house is famous enough, the customer flow of their stores is also very large.

This kind of collectibles store not only operates and sells ordinary collectibles, but also provides paid appraisal services and paid in-store consignment to individual sellers and collectors.

Many collections that are not qualified to be auctioned but have a certain value are mostly sold privately in such stores.

Since the store has been around for many years, the transaction volume accumulated over a year is also huge, and the commission profit is no less than that at the auction.

However, this powerful money-making ability is limited to a few top companies in the industry. When it comes to Song Wanting’s Jiqingtang, the net profit over the year is not even 100 million or 200 million.

The reason why Jiqingtang cannot do it is not that she, Song Wanting, is that she, cannot get good things in the true sense.

Without enough good things, there is no capital to compare with those top auction houses.

Therefore, when the Song family distributed Jiqingtang business to him, it was equivalent to using a little bit of profit to dismiss her.

Song Wanting didn't care about these things at the time. She also knew that she was just a female and had no parents to rely on. She was already very content with the Song family being able to share Jiqingtang with her.

However, what she could not imagine was that her life actually ushered in the biggest turning point in Jiqingtang.

That turning point was Ye Chen.
Chapter completed!