Richest Man: Divine-Grade Reconstruct System Chapter 1442 - 1234: Auction House

As for the rest of the people, naturally they don’t have such conditions. After all, this smartphone is the only one made available; for others to get it is clearly unrealistic.

And the reason for putting this smartphone up for sale initially was twofold: the first was to demonstrate the phone’s value, to let everyone know the difficulty of obtaining this phone, and also to make the citizens aware of the existence of this phone, allowing for thousand-mile eyes and ears, thus better supervising the civil and military officials.

The most important point is that Lin Yi wanted to take this opportunity to promote banking business, that is, to convert this silver into silver notes, so that it could be smoothly implemented. After all, the effects of that day were also evident and remarkable, without the promotion of that day and without the use of those silver notes, these people wouldn’t have quickly accepted these silver notes. It must be said that this was a case of killing multiple birds with one stone.

This is also the most unprecedented event in history. One could say that this auction was particularly successful, and it is believed that it won’t be long before the auction business will flourish, just like in today’s Capital City, where originally a brothel was only simply running brothel business, but now it has an additional business, which is auction hosting. Of course, all of this is just temporary.

Because a new auction house is already being prepared in the city center of the Capital City, which means that once this auction house is established, its business will be gathered there.

Of course, this auction house is not privately owned, but owned by the Royal Family. Yes, this was arranged by Lin Yi, and it is owned by Lin Yi.

After all, he understands the function of this auction house better than anyone, and knows better than anyone that this auction house is a money-earning enterprise; it is no exaggeration to say that the daily turnover of this auction house will be astronomical, and with the development of a prosperous era, the role of the auction house will become increasingly significant, or say, it will attain a very high status. It is no exaggeration to say that the daily flow of auctions will be astronomical.

Or one could say that silver will continue to flow endlessly from there, and many things are inconvenient to sell externally, so utilizing the auction house is the best option.

For example, the smartphone business is not suitable for external distribution in a short amount of time.

But once sold at the auction house, it will acquire great profits in a very short time, which is something Lin Yi very much wants to see and also what the Dayou Kingdom needs most now. Even though the treasury is already filled with silver and there’s no need to worry about money, since all the silver notes need to be printed, and the printing of these silver notes is controlled by Lin Yi.

However, do not forget that these silver notes cannot operate at overcapacity; Lin Yi has already stipulated that silver notes can only be printed when one tael of silver is recovered, otherwise, it would certainly lead to inflation, which is something Lin Yi absolutely will not allow to happen, nor will it be allowed to occur in the Dayou Kingdom.

After all, the lessons from the later generations are still vividly present.

[To be continued...]