Chapter 403 The Ritter Motor Company Auction 6

The first to bid in the auction of the Ritter Motor Company shares was none other than Gomeric, Elke's father, who was very interested in doing business with Lothur.

He felt that Lothur's project was worth much more than this young man had initially asked for, so he did not hesitate to make his first bid.

Unlike Frederik, he and the other local experts in that hall were thinking far ahead into the future, to an extent beyond that of such a young man. They had already lived, for the most part of them, a few centuries and knew how valuable something was through time.

The Ritter Motor Company would be the first to produce vehicles independent of external driving forces. Not only that, they might own it, so none of them found Lothur's request high.

There was a significant advantage in being the first in a business of this kind. Then if they took advantage of the opportunity, their families could achieve great success in the future!

So, soon after Gomeric made his initial bid, the others in that place also made their bids.

"120.000!" Elisabeth joined in the bidding.

"130.000!"

"150.000!" Aiken shouted, barely letting Gomeric raise his starting bid.

...

"250,000 silver coins!"

"280.000!" The Morning Star Academy principal was not slow to place his bid. He raised the price of the first 1% of the Ritter Motor Company to almost three times Lothur's initial asking price.

At this point, Frederik, Johann, Annaliese, and Elke, the people there who did not understand business so much, could not help but be impressed.

'If this keeps up, Lothur will get more than 10 million silver coins today alone!' Annaliese thought about it in silence, impressed with how successful her brother-in-law would be in this deal with local leaders.

At the same time, Elke was more than happy, feeling that with this, Lothur would finally fulfill the agreement with her mother, generating something positive for the Becker family.

With Lothur increasing his value as a man and also a son-in-law of that family, the chances of Gomeric accepting him and giving Elke's hand to him would surely be greater. With that, this woman could not help but be happy at this auction, feeling that after today it would not be long before she would be moving in with him and Viktoria.

"350.000!" Said Coroner Klossner, one of the wealthiest men in Peters City.

He was someone aware that he would not beat the families there if he waited for the auction to develop. Such an auction would become increasingly disputed as it neared its end.

After all, those who had not got a slice at the beginning would have no alternative but to do their best to secure something for themselves later.

On the other hand, extraordinary powers could bid higher than people who had made their wealth individually. That is, August might be very rich in the province, but he was only one. Meanwhile, the Christen family, for example, had no one individually richer than him, but together, this organization outbid him.

To secure his share of the business of this upcoming company, August was willing to go a long way in the first round of bidding!

But he was not the only one who was thinking that way!

"360.000!" Elisabeth said.

She knew nothing of the business model Lothur was about to develop. But she was not dumb and knew what potential that thing had.

This woman had driven Lothur's kart and seen how exciting it was to drive it. But, at the same time, she noticed that moving a car was much more practical than a carriage.

With that in mind, she would not miss the chance to get at least 1% or 2% of this business from Lothur since coins mattered a lot to any cultivator in this world.

'If I can be a part of this business, it can generate coins that will make a difference for my future advancement without hindering me in my profession!' She thought.

...

After a few more bids, the first 1% of the Ritter Motor Company was sold for 420,000 pieces of silver to Klossner, the coroner.

Only Elisabeth had fought him all the way, but she had given up in the end, thinking that this man would not bid so much in the next round.

And just as expected, after some more time, Elisabeth bought the second 1% of Lothur's vehicle company, this time for the price of 430,000 silver coins.

So time began to fly in that hall, with all the families there bidding, interested in making their positions within the Ritter Motor Company.

Some would be unhappy that they could not get what they wanted, while others would have to stay out of this company. But all were somehow satisfied, as this was the beginning of something that would revolutionize the empire and their lives.

Just by being present at this unique moment in local history, they would have unimaginable future advancements!

Meanwhile, Lothur was the happiest, finally obtaining the substantial funds to live his life and start his most ambitious projects.

With this day, he would rise out of poverty and reach the heights he longed for to get closer to his dream life.

...

While Lothur was doing business, the Duke of the province had just received a communication from the management of the local hippodrome.

He was waiting to hear from his spy to find out what Lothur was up to with so many experts from the province.

Unfortunately for this Transcendent, the news that reached him had nothing good, not even a hint regarding young Ritter's plans.

"Duke, my spy was supposedly held hostage by Lothur Ritter after he was brutally attacked!" The commander of the local guard said this in a tone that showed how offended he was. "Supposedly, the bastard has destroyed my subordinate's cultivation!"

"What?" Duke Waldeaur rose from his armchair in one leap, already with a dark-as-night expression on his face, disbelieving Lothur's lack of respect for him.

"What happened? How could he identify our man? And how did he do it? Did you, by any chance, send someone weak to that place?"

"No, Duke. I sent a 2nd stage, 4th Revolution cultivator to spy on that bastard." The guard commander replied as sweat dripped down his face from his nervousness.

This man's strength he sent was not so different from his own. So he could not help but feel strange at the moment, considering what that meant.

'Has Lothur reached that level already? Can he already defeat people of our level in just fractions of a second?' That man wondered as the Duke tried to think of something. 'How did he achieve such a feat in such a short time?'

"Shit!"

"Send a group of men to the hippodrome and capture Lothur Ritter immediately!" The Duke shouted angrily. "He committed a grave crime. Now let him pay for the consequences."