Shoe Enterprises Turn To Camp Closed To Take Up Machine Auction

Last year, some small businesses such as shoe factories, furniture factories and Woolen Mills closed down in Dongguan. Factory closures also meant new market opportunities: the number of auctioneers in Dongguan auctioning industry increased significantly. "Even some junk shops have been involved in it," said a investor who has been bidding for machinery for nearly 10 years. It is understood that Dongguan has a total of more than 30 auction houses, the main business is the auction of assets seized by the court, and the most important thing is machinery, real estate and other items. The biggest auction house has a business of over 100 million yuan a year, and the general auction house is about about 10000000 yuan. In the past year, Mr. Yuan, who came from Hubei and Huanggang, was the first investor to participate in auction of machines in Dongguan. He told reporters that in 1995 he had already thrown himself into the auction industry. At that time, many people did not know much about the auction market. At that time, the business of this industry was too good to do. It is not so intense now. In recent years, the number of bidders who participated in this industry has increased a lot, including some investors from Shenzhen. "Now there are even some junk stations that are getting rid of junk." "The starting price is relatively low, and the profit in this industry is quite considerable. Although the competition is becoming more and more fierce now, as long as the vision is right, it can easily make millions of dollars a year." Mr. Yuan said. To invest in this market, Mr. Yuan believes that the key is to estimate the price of the auction items, to take a picture at what price, and how much profit margin there is. We need to have an accurate assessment, get the right price, and be sure to make money. Once the profits were high, there was a violent auction, and because of the relatively high profits in the auction industry, there was a violent auction last year when the auction competition was fierce. Mr. Yuan told reporters that he had auctioned a handbag factory in an auction house in April last year, and the starting price was 110 thousand yuan. He ignored the threat and raised the price to about 200000 yuan. After going out, a about 600000 yuan car was smashed. Yuan told reporters that last year, police arrested a group of people in an auction house. Now the auction market has restored order, and auction is still relatively standard. There are 5 new auction houses. The auction houses in Dongguan are mainly businesses that have been closed down by the court. The auctioneers of an auction house in Dongguan say that the auction targets are mainly in factories such as wool, printing, footwear and furniture. It is understood that the main business of Dongguan's auctioneers is to auction off assets seized by the court. All auction companies get business through public "shake hands". They are lucky to receive 5 to 6 single auction business in a month, and there will be a single time when they are rare. Wu Xirong, manager of Dongguan Zhongtian auction house, told reporters that the competition within auction companies has become increasingly fierce. Last year, 5 new auction houses were added, and the total number of auction houses in Dongguan has exceeded 30. The biggest auctioneer can achieve over 100 million yuan a year, and about 10000000 yuan in general.