Chapter 245 Super Stock Altria(1/2)
"John." The middle-aged man stretched out his hand.
"Round Square."
Fangyuan also reached out his hand and shook it with the middle-aged man.
Fangyuan deliberately turned the name upside down, and the Americans didn’t know it anyway.
"I wonder what you want to sell, sir?" asked the middle-aged man named John.
Fangyuan opened the backpack and poured out a pile of things.
Seeing these things, John was shocked. These are all treasures in his eyes!
"Sir, are you...are you sure you want to sell these?"
"Yes, I don't know if I can participate in today's auction. To tell you the truth! I need a lot of money now, and these are just a small part. If the market is good, I will bring more."
"Of course there is no problem. In this case, I will call the appraiser over immediately. If there is no problem, I will arrange an auction immediately."
"OK!" Fang Yuan nodded.
"Mr. Yuanfang, there is one thing I want to tell you in advance, that is, we will charge a 10% handling fee for items auctioned in our auction house, so..."
"I know."
"That's good!" John said and picked up the phone and called.
After talking on the phone for a few times, I hung up. It only took a few minutes! An old white man came in from outside.
The old man had just come in and was about to talk to John, but when he saw the jewelry on the table, he forgot to even speak and ran over quickly.
Fangyuan brought a total of seventeen pieces of jewelry this time. He was right. This was only a small part of what he had in hand, even a very small part.
"Master Michelle Garab, please have these jewelry appraised," John said to the old white man.
"Okay."
Then the old white man took out a magnifying glass, picked up a piece of jewelry and began to appraise it.
To be honest, I really don’t understand this Fangyuan, and I don’t understand why a magnifying glass can be used for identification.
But this has nothing to do with him. He only knows that these jewelry cannot be fake, otherwise they would not be collected by the blond middle-aged man.
The old white man made the identification very quickly. It took only ten minutes. He put down the magnifying glass and nodded to John.
The next step is to sign the auction agreement, in duplicate, signed by Fangyuan and John respectively.
These jewelry were handed over to John. Fang Yuan put his backpack on his back and came out of John's office.
"Michael, let's go." After coming out, Fangyuan said to the waiter who was chatting with the blonde beauty outside.
"Yes sir."
After the two people came out of the auction house, Michael asked: "Sir, are you not attending the auction?"
Fangyuan shook his head and said: "I won't participate. The things I want to buy are too expensive and I can't afford them. I'd better talk about it later."
"Oh!"
Back at the hotel, Fangyuan took out ten American knives with a face value of 20 from his pocket, handed them to Michael and said, "These are for you."
"Thank you, sir."
In just one hour, Fangyuan gave him two hundred dollars. Where could he find such a good thing?
Fangyuan didn't know what the auction was like, because he was eating and drinking in the hotel room when the auction started.
Fangyuan was quite excited today and asked the hotel to bring some food to her, and then drank a bottle of red wine.
This is not the red wine provided in the hotel, but the red wine taken from the space and can be collected by the blond middle-aged man. It should be very good.
The next day was Sunday, and the stock market was still closed, so after dinner, Fangyuan went to the auction house.
This time he did not ask the waiter Michael to follow him because it was not necessary.
The first time he came with Michael, he was worried about the auction house causing trouble, but he didn't need it the second time.
Unless the auction house doesn't want to continue doing business with him.
"Hello, Mr. Yuanfang!"
"Hello John! How are you?"
"All sold." John said as he opened the drawer, took out a check and said: "After deducting the handling fee, there are still 9.17 million."
"Uh!" Fangyuan was stunned for a moment. He didn't expect it to sell for so much. But in his mind, it would be nice to buy it for more than one million.
But when he was stunned, John misunderstood and thought that Fangyuan thought the sale was low. He quickly took out a list and handed it to Fangyuan and said: "This is the auction price. You can investigate it at will."
Hearing what John said, Fangyuan reacted and said quickly: "No need."
With so many people participating in the auction, many people know how much something sells for, and the auction house will not tamper with it.
Fangyuan put away the check, then took off his backpack and opened it, and another pile poured out.
There are more items in the pile today than yesterday, with a total of twenty-six items.
John was also stunned for a moment. He didn't expect that what Fangyuan said was true. There really were many more from Fangyuan.
"These should also be auctioned for me! By the way, I also want a check."
Speaking of this, Fangyuan was stunned for a moment and thought: What kind of check do I want? Wouldn't it be the same to just ask for Coca-Cola's stocks?
"John, I want to trouble you with something."
"Mr. Yuanfang, you said, as long as I can do it, I will satisfy you."
"It's like this. I want to buy some Coca-Cola stocks, but I don't want to come forward. I don't know if you can help me."
"Coca-Cola?"
"Yes."
"No problem, I'll take care of it. I wonder how much you want to buy, Mr. Yuanfang?"
Fangyuan took out the check that he had just collected, pushed it in front of John and said: "These, plus the money from the sale, will all be bought."
"Oh Maiga!" John looked at Fang Yuan in surprise.
"What, there's a problem."
"nonono, no problem, don't worry, I will help you handle it."
"Yeah! I will bring a batch over tomorrow afternoon."
"OKOK!"
Despite this, John still called the old white man over for appraisal, and then wrote an agreement for the consignment auction.
On the afternoon of the next day, Fangyuan got a five-million-share Coca-Cola stock. This single stock was worth more than ten million.
Of course, the money was not used up, so John wrote a check to Fangyuan for the remaining money. Fangyuan still did not accept it, and handed over more than 20 pieces of jewelry to him.
Same thing, I still want stocks. Within a week, Fangyuan got a total of 20 million shares, worth more than 70 million.
This does not include the hundreds of thousands of shares he bought before, but at this time, Fangyuan did not ask John to help him buy Coca-Cola.
Because these are enough, and Fangyuan is interested in another stock, that is Altria.
Later Fangyuan saw a report, which said that if you invested one dollar in this stock in 1968.
So as of today, your investment is worth $16,638 (including dividends).
This means that this stock has achieved an average annual return of 20% over the past fifty-two years.
Later Wharton School professor Jeremy Siegel pointed out that no other company could compare with it.
Altria is an American tobacco company and also a listed company.
Credit Suisse has released a performance report on various industries in the United States from 1900 to 2010.
During this period, the average income of each industry was $38,255 per dollar, equivalent to an annual return of 10%.
If one dollar is invested in a food company, the value in 2010 will be US$700,000.
Returns in the chemical and power equipment industries are similar to those in the food industry.
The tobacco industry stands out.
If you bought $1 of Tobacco Company stock in 1900, you would have made $6.3 million in 2010.
The rate of return is one hundred and sixty-five times that of ordinary industries.
Despite the excitement over innovation and technological development over the past century, no industry has a higher return on investment than tobacco.
So Fangyuan is eyeing Altria.
If you buy Altria stock for $1 in 1968, you will have a return of more than $16,000 by 2020.
So now it is 1962, and it has just been 1962, then is the return more, even if the return cannot be higher?
The rate of return is the same if you buy it now as if you bought it in 1968. So if you buy it for 10 million, what is the rate of return then?
The value is unimaginable, a return rate of more than 100 billion! And this is still talking about US dollars, the world's richest man, all stand aside.
To be continued...