The auction proceeded exactly as Xiao Yu remembered.
After more than twenty items had been auctioned off, the tall, thin middle-aged man brought out a pair of puppets:
"A pair of Mechanism Puppet Beasts!"
After a long silence, a bizarre, comical-looking man whose entire head was covered by an oversized gray cloth sack entered a fierce bidding war with a burly man wearing a green cloak.
In the end, the burly man actually produced a piece of iron essence.
It was a palm-sized black object that looked like cast iron. After the three people seated in sandalwood chairs examined and appraised it, the black-robed man in the middle stood and announced loudly:
"One piece of superior-grade iron essence, worth two thousand Spirit Stones!"
Everyone was astonished to hear the words "iron essence."
This was a raw material for Magic Treasures that could only be refined with the Pill Flame of a Core Formation Stage cultivator. Normally, cultivators would immediately incorporate any such material they refined into their own Magic Treasures to increase their power! They would not let these materials fall into other hands easily.
Xiao Yu still remembered the pained look on Li Huayuan's face when he lost a piece of iron essence to Fuyunzi in a wager. Clearly, materials like iron essence were precious even among ordinary Core Formation cultivators.
If even a few tenths of an ounce of materials like iron essence were added to an ordinary Magic Tool, its power would increase tremendously. It might even rise in grade!
After dragging things out for quite a while, the tall, thin man called out again:
"Are there any bids above two thousand nine hundred Spirit Stones? If not, this pair of puppet beasts will belong to this fellow here!"
The hall fell silent. No one dared risk