torstai 4. helmikuuta 2016

July 1625 - Day 24

The actual Celebration of the Jubilee happened in midsummer, and it totally blew Martti away! The venue selected was the House of Magnificence, a royal exhibition hall built almost 100 years ago to watch over the TIE Square in 2-C, one of the 3 oldest and finest squares in the town (Central Square and Culture Square are in the Old Town).

The House of Magnificence features a 12-25 m high, 576-sqm exhibition hall, which upon construction was 7 times as large a hall (by volume) than anything before. It continued to hold the record for the largest hall (both by area and volume) in the town for 69 years, until San Pietro (later: Cathedral of) surpassed it in 1599, in both. These 2 buildings have remarkable similarities in that they feature a crypt and the piano nobile (main floor) is on top, and is very high, with mainly no additional floors above. Both also have a gilded dome, 1,000s of CKG hammered to thin sheet and pounded to stick to wood plates, attached to framing, which is on top of the stone-arch dome, set on massive pillars. Such a dome would cost 500-1,000 mil to make these days, mainly due to the gold remodel charge of 10% of the gold's value (leaf gold and gold thread in suits have the highest charge - minting remodel charge is 0.1%).

The town had only 4 buildings with gilded roof, and after the destruction of the Royal Palace in the fire of 1623, only 3 remain. The 3rd is the Centenary Jubilee Theatre by HSH The Duke of OZ, one of the richest men in town. The last link can only be opened if you are logged in, but it shows the wealth of the Duke, including 68 lots of urban land, several palaces, and 300 lines of other items - what caught the eye was 188*MIR (Venetian Mirrors, sqm). These items alone have a midprice of 1.8 mil and they cost even more to import!


Going back to his own items, Martti is not doing that badly, but it clearly seems that the market for lowball bids has dried at least for now. Nothing has been acquired. Perhaps it was just an opportune time to first be able to buy cheaply and then they were bought from Martti's asks, at double price in many cases.

But if that is going to end, Martti needs new strategies for wealth increase. Filling up the maximum allowed quota of DIS items becomes a priority. So the bid is increased and closer to the dividend season he might buy at ask, even. In addition a careful ironing of the green suit, and off to the Gilded Goose, where all the nobles meet, and might provide hints for further business...

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