Wall Street Legend
Chapter 405 Auction (3)
Unlike the previous three auctions, the room fell into a strange state of silence after the announcement, and the only sound that could be heard was the sound of the camera shutter being pressed.
People's eyes were fixed on the Japanese and Ye Dongqing.
Speaking of Japan, in the 1980s and 1990s, the Japanese were crazy about purchasing various real estate projects in the United States, including the most famous Pebble Beach golf course in California, the Empire State Building in New York, etc., which fell into ruin one after another. There were even voices saying that If you sell your house in Tokyo, you can buy the entire United States.
Needless to say what happened next, Japan is still economically weak and has long since lost its false prosperity.
Those things still remain in the minds of some people. Take Mayor Bloomberg as an example. This old man is eager to invest in as many Japanese companies in New York as possible. It would be best to bring all of Japan’s money here. , but on the other hand, he doesn’t want people from this country to be in the limelight under his nose. In comparison, Ye Dongqing is one of his own. Although he has a similar skin color to them, he is a local resident who was born in New York since childhood.
It's more than just a piece of land, it's more like a battle of spirits. Ever since Ye Dongqing publicly announced that he would target this group of people, the people watching have been intrigued. Scenes of throwing money at people are rare. What's more, the person who had the conflict with Ye Dongqing was a Fortune 500 company that occupied a place in the entire world's financial circle.
It stayed like this for more than a minute.
A certain Japanese executive finally couldn't hold it any longer, raised a sign and added two million U.S. dollars to the base price, making the offer US$1.4 billion.
This piece of land is larger than the previous ones. One side can see the Hudson River. The location is pretty good, right next to the Cobra Building, so the starting price is relatively high.
Some time ago, the fig leaf of subprime housing loans was torn off by Ye Dongqing, and many small and medium-sized urban real estate projects were affected. The real estate in New York, especially on Manhattan Island, is supported by wealthy people from all over the world. There are no big fluctuations, but The upward momentum was curbed.
If this land is taken down, it can be connected with the previous land to create public commercial projects. Whether it is developed into residential buildings or stadiums, at least it will not be too bad.
Ye Dongqing had thought about it carefully, and had not yet become reckless to the point of being a little emotional. At this moment, he raised the sign in his hand and directly increased the price by 50 million US dollars based on the quoted price. The land price was already close to those previously auctioned.
Most people at the scene couldn't afford so much money. Even Richard sitting next to him was very excited. Although he knew how rich Ye Dongqing was, there was a big difference between a string of numbers and the actual scene of spending money. .
The bid had already started but had not yet broken through the psychological bottom line. The Japanese raised the price again and raised the bid by 10 million US dollars. Ye Dongqing followed up by adding another 10 million US dollars. The auction price had now risen to 1.472 million US dollars. After another round of bidding, the offer was raised to US$1.5 billion.
Suddenly turning his head, Ye Dongqing smiled at the Japanese, and while raising the sign, he shouted again: "Add 30 million US dollars!"
When the other party saw the smile on his face, his heart skipped a beat. Combined with the words he heard before, he thought he was digging a hole in an attempt to make himself fall in, and in the end he pinched his nose and spent a lot of money to pay for it.
The more he thought about it, the more likely it seemed. Ye Dongqing's expression when he smiled at him was also understood as a provocation to provoke him, and he couldn't help but retreat. After all, it was just an investment, and the building was not mandatory.
Thinking about these things in his mind, his vision lost focus and he was already in a trance.
Seeing that no one raised the price, the host asked: "It's US$1.53 billion, is anyone willing to pay a higher price? Who still wants it?"
The staff of the city hall who came as the auctioneer did not speak professionally and failed to arouse people's enthusiasm. Maybe they thought the price was a bit low, so they foolishly asked the Japanese: "Guests from the East, Don’t you want to raise your placards?”
Suddenly there was a burst of laughter.
The senior executive of Mitsubishi UFJ Financial Group subconsciously thought that the auctioneer was mocking his lack of strength, and his chest heaved violently with anger.
Before he could speak, the CEO of Ruilian Group who felt that the price was still low raised a sign and joined in, adding five million US dollars to Ye Dongqing's quotation. Ruilian Group was quite large and had real estate projects in many countries. Most of them felt that the price was still low. There will be future development prospects for Hudson Yards.
Ye Dongqing didn't say anything this time. For him, the original piece of land was enough. Since a third party was involved, there was no need to continue to increase the price. It would be better to invest the funds in other projects with higher returns.
Mitsubishi UFJ's people tried to quote again, pushing the price to US$1.63 billion. The unit price exceeded the previous three pieces of land, and the profit margin was being continuously compressed.
Taking into account factors such as the pressure on the capital chain and the recent downturn in real estate transactions, the CEO of Ruilian Group had no choice but to give up. Just when the executives of Mitsubishi UFJ breathed a sigh of relief and turned their attention to Ye Dongqing, he saw him picking up the auction sign again. , pushing land prices up again by US$20 million.
Calculating the price, it was much more expensive than the unit price of the land he originally used to build the Cobra Building.
More than one billion U.S. dollars is not a small number anywhere. A piece of land can bring billions of dollars in revenue to the city hall. Mayor Bloomberg has already been so happy that he can use this money. Many things have been accomplished, such as renovating infrastructure and increasing investment in social welfare.
More and more, he felt that Ye Dongqing was pushing his company into a trap. He was so angry that the Japanese executive left the scene. Before leaving, he said something in Japanese to his colleagues. Someone translated and said that they were in internal strife and blamed him. The designer of Tian Congyun Building made trouble and offended the wrong people.
Their status is not bad, and they still need to be proud. When they left the field, they received a lot of boos and middle fingers, probably blaming them for not living up to expectations and not fighting until the end.
Ye Dongqing looked indifferent and asked the people at Ruilian Group with a smile: "I guess no one will compete with me. How about passing my quotation to you? I don't like to engage in real estate. I can definitely make money, but The payback period is too long, and you should know how popular the neighborhood will be after the Cobra Tower is built. Rich people like to live near landmarks, and there are high-end shopping malls below the Cobra Tower."
This is really... Before the auctioneer dropped the hammer, he actually started talking about resale.
The CEO of Ruilian Group was very decisive. He only thought for a few seconds and immediately stretched out his hand and shook hands with Ye Dongqing with a smile: "Our capital chain is already a bit tight. How about trying to cooperate? You have the funds, and we have operations and sales." With my experience, we can make money together, and I can eat about 70% of it..."
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