Chapter 48 Heavenly Tao Wisdom Eye Observing the Stone

Everyone says the jade industry is unfathomably deep.

But who really knows how deep it is?

You think you can slash the price by a million and call that bargaining?

At the vegetable market, sure, that's bargaining, and it works in a regular store too, but in the precious zone of the jade industry, that's called being an amateur.

In the precious zone, the pricing is called valuation!

Valuation isn't the selling price.

If you're interested, the price can be discussed on the spot.

What actually is an insider's price in jade?

Take the valuation, divide by ten, and then multiply it by 1.5 or 2—that's roughly about right.

Therefore, for an insider facing a valuation of 3.2 million, an appropriate counteroffer should be around 500,000.

Instead, he quoted 1.8 million.

Moreover, there is a rule in the jade industry: bids must be honored!

That is, if you bid 1.8 million, that's your floor price. As long as the seller agrees, you must buy!