Chapter 404 The Ritter Motor Company Auction 7

Sometime later...

"820,000 pieces of silver!" Gomeric shouted as he tried to win the last 1% at the auction of the Ritter Motor Company, trying to achieve an interesting slice of that company.

After hours since the start of bidding on this occasion commanded by Lothur, 48% of the company that this young man would develop in the coming days had already been auctioned.

Of this slice of the Ritter Motor Company, the subdivision so far was as follows:

* 9% to the Frost family

* 2% to Elisabeth

* 4% to August Klossner

* 1% to Jacob's father's family

* 3% to the Teusen family

* 7% to the Becker family

* 10% to the Morning Star Academy

* 5% to the Christen family

* 6% to the Koch family

* 1% to a bourgeois family from Peters City

Due to this subdivision, the principal of that local academy was no longer bidding. At the same time, the Frost patriarch had also stopped, as he could not compete with the hungry 'wolves' who wanted more shares.

He was still entitled to another 1% of that company, but since he already had 9%, Aiken did not think it would be worthwhile to dispute that last slice. The nine times he had won had cost him 4.59 million silver coins, with an average price of 510,000 silver coins.

Since the current bid far exceeded the price he had paid so far, Aiken had chosen to stay out of this last contest.

As for the others, most of the people there had already given up on this last round of bidding, as the price was already too high for many of them.

Almost all of them had reached the limit of what they could spend in the short term. So only large families that still wanted to improve their positions had the power to continue.

That was the case only for the Becker and Koch families!

The young Miss Koch then said. "850.000!"

Hearing the determined tone in this lady's voice, Gomeric felt irritated as he looked at her, sensing the audacity that the younger generation had in challenging someone like him like that.

"You..." He was about to say, but Hilda suddenly used one of her hands to grasp her husband's left forearm and then shook her head.

'You'd better not spend more than you can afford on this...' She looked at Lothur and then at Elke. 'Our girl's children will be entitled to his 51%, so we needn't despair over so little now.' She pondered, looking at her husband significantly.

Hilda did not want to depend on Lothur to secure the entire future of the Becker family. She preferred that her family could grow independently, while she would only use her contacts to get opportunities.

Obviously, it would be good if Lothur generated positive consequences for the family and was valuable to them. But she preferred not to depend on him and wanted her family to buy as many shares of the Ritter Motor Company as possible.

However, this would only make sense if they did not have to sacrifice themselves for only 1%. Thus, in this situation where her family would already benefit in some way from Lothur, she stopped her husband from 'wasting' the family coins.

'Anyway, even though these coins would probably go back to our family in the long run, we need them in the short term too. So we have to stop here.' She showed her husband to sit down, giving him a more or less particular impression of what was on her mind.

'You don't think it's worth it?' Gomeric did not understand but sat down, waiting to talk to his wife about it later.

Meanwhile, the women standing next to Anneke were all smiles, seeing they could acquire this last slice of Lothur's vehicle company.

"Hehe, congratulations, little sister!" One of them said to the young Miss Koch, the daughter of the patriarch of that local organization.

Anneke was delighted, too, congratulating her friend. "Now we just have to find a way to justify the amount spent on this to your father, haha." She said as she patted that young lady on the back.

After hearing that, the 'little princess' of the Koch family swallowed her saliva dry, remembering that she had bought up to this point 6% of Lothur's company for the price of 3.9 million silver coins. With this final victory, that figure would be 4.75 million, more than the Frost family had paid for their share of 9%.

Only the Morning Star Academy had spent more on this occasion, having promised Lothur 5.1 million silver coins!

Anyway, Lothur was not long in announcing the end of the bidding round, ending the auction sale of his first company in this cultivation world.

"... With that, we end this auction." He said with a broad smile on his face, the expression of someone who had just won 22.52 million silver coins.

But not only was he like that, but Frederik was in total disbelief after everything he had witnessed in this place.

'He just sold 49% of something that doesn't even exist for 225.2 million bronze coins!' This young man thought as he considered the price of a vehicle.

Frederik used the last few days between the end of his work and this day to study how much material he would need, as well as the adaptations necessary to produce larger parts. So he had a good idea of the cost of production and how much ordinary carpenters would charge to do the necessary work.

'With that amount, we could develop thousands of units!'

'Hell!' He felt a shiver run down his spine, imagining that he could let his imagination 'run' wild with so many resources at his disposal.

As for Johann, he was happy that his family had gotten a slice of this business, while at the same time, he was eager to start working with Lothur.

"Well, with this auction decided, you will be able to make the payment now or within 24 hours. But we will only sign the Blood Contracts once the coins are in my hands." Lothur said, moving on to the final part of this negotiation, making official what had been dealt with so far.

"If you have the coins with you, we can discuss the company's formation immediately."

Hearing that, those people looked at each other. None of them had prepared to spend so many silver coins after coming to this event.

But some of them had coins of different 'levels' with them.

"I don't have 5.1 million silver coins with me, but I have 510 crystals. Will you accept?" The Morning Star Academy principal said this, speaking of this, which was the most important currency of exchange in the cultivation world.

Spiritual crystals were not typically exchanged for coins because of how valuable they were in cultivation and how scarce they were. So they were not often used as currency. But they were, on average, trading at a rate of 100 for every 1 million silver coins.

Lothur heard this with surprise, while people in the surrounding area were surprised that this person was willing to take these unique things to make a payment. "No. Spiritual crystals are too valuable, and I don't have the strength to have all this with me. I prefer gold coins. Or better yet, we can subdivide the promised value into coins of different grades."

"Oh?" Aiken exclaimed and then said. "I have the promised amount subdivided between crystals, gold, silver, and bronze coins. Are you interested?"

"I also have..."

"Me too..."

"Same for me." They all agreed with Aiken's speech.

...