Chapter 1200 Riverdale (1/2)
They shook hands and the deal was done.
Li Du thought it was a good deal to sell the book for $14 million and donate $4 million to charity organizations, making a net profit of $10 million.
The two parties signed a draft agreement, and Bravo took the men back to raise money. The Audubon Society was rich, but they didn't have $10 million in cash.
Li Du invited them to have dinner together, booked them a hotel, and let them rest in Phoenix for a day. The next time they met, the deal would be officially sealed.
With some regret, Hans said, ”Li, I could have sold this book for fifteen million, or at least thirteen!”
Li Du said, ”What about the tax? How much tax would I pay? That's a better solution.”
Hans shrugged and said, ”You are right. This is the best way.”
Taxes were high in the United States, and if they made a transaction of 10 million dollars and up, each side would have to pay at least a million in income tax.
However, if they made a donation, which was tax deductible, they would end up with not much less than if they sold the book for $14 million.
In addition, Li Du was doing this for himself too. Audubon Society was an old organization with a history of over a hundred years and a wealth of connections.
Li Du hoped to develop a relationship with the Society, thinking that both sides may have other deals in the future, and when they got in touch again, everything would be more convenient.
In a flash, it was New Year's Day. Treasure hunters had the tradition of holding a New Year's party, just like many companies would hold an annual event. They celebrated the end of the old year and the arrival of a new one, hoping to make a good start.
Phoenix, the capital of Arizona and home to the state's richest people, did not host the annual Arizona treasure hunter party, which would take place in a small town on the state's northwestern border.
The Arizona state association of warehouse auctions hosted the event, so the treasure hunters gave it credit and would try to attend when invited.
Li Du and Hans were invited as a matter of course. They rode in the Iron Knight and headed for town.
This was Sophie's first time to attend such a gathering, and she said excitedly, ”I've heard of the river valley party. Isn't it going to be fun? And will there be a truck race?”
”I hadn't attended before. We went back home last year,” said Li Du.
Hans said, ”Yes, Sophie is right. The truck race is always a big part of the event. This year, we will win.”
Driver skillfully shifted gears and said, ”I don't want to join a race like this.”
Hans patted him affectionately on the shoulder and said, ”Why, man? Do you think it's a little low grade? Of course, of course, you're the real king of cars, but don't you want to show your stuff to the town…”
”I don't want to,” Driver cut him off and shook his head decisively.
Hans winked at him and said, ”Well, looks like I can't convince you.”
Driver said, ”Don't take it wrong, I have sworn I would no longer participate in any racing activity. Even if is Schumacher was here, I would not change my mind.”
He seemed to be worried that Li Du might try to persuade him. It would not be easy to refuse. After all, Li Du was very kind to him, and they got along well since he joined the team.
Therefore, Driver added, ”I swore on my son's grave that I will never touch a racing car again! Never!”