Mahogany furniture: Speculation over investment

As the saying goes: “No shot in 1929, on the ice in 3949,” it can be seen that the 39th day is the coldest season in winter, and the actual mahogany furniture market can be said to usher in 39 days, whether it is volume or The price has entered the winter of several nine.

The past three years have continued to soar in recent years. With the introduction of a series of national policies to withstand the economic crisis, China’s economy has developed steadily. This has also made the art investment collection market extremely hot. Among them, the classical furniture market, which has attracted wide attention from collectors and investors, has become more active. Taking a mahogany dining table with a common material of red rosewood as an example, the prices rose from 30,000 yuan to 40,000 yuan in the short months from last July to the beginning of this year, or more than 25%. This increase in mahogany furniture prices is due in large part to the rise in raw materials. The most precious item on the market is lobular rosewood. Its price has risen to RMB 400,000/ton from the previous year’s 150,000 yuan/ton. The rosewood rose from the beginning of last year, 48,000 yuan / ton rose to 120,000 yuan / ton, showing that its rising ratio is higher than the proportion of finished furniture rose.

Long history, chic and elegant favored According to records, mahogany furniture first appeared in the Ming Dynasty. Because of its high-grade materials, natural colors and textures are pleasant, craftsmen are meticulously crafted, the finished furniture is exquisitely chic, and the appearance is simple and symmetrical and appreciated by famous people. The modern mahogany furniture has more choices than the original natural wood, and it is exquisitely crafted using pure hand-crafted craftsmanship. It contains rich cultural and artistic charms, and is favored by high-end individuals and literati as it is environmentally friendly and solid and durable.

Prices and prices all fell, while the mahogany market came in winter. However, in recent months, the crazy mahogany furniture market has experienced a drop in prices, and this decline has been accompanied by a decline in trading volume. In the past, the fiery mahogany furniture market is now chilly. Thick. Ms. Li, who has been in the mahogany furniture business for nearly a decade, told reporters that “previously there were basically transactions every week, but in recent months, transactions have dropped sharply, and sometimes even one month is worse than the previous week’s turnover. Now can only hit the price reduction card, in order to discount the customer's attention." The reporter turned around in the furniture market an hour or so found that few consumers came to the market to visit, but to shop to see the goods is more Only a handful.

Industry insiders and reporters chatted, "At this time in previous years, although not the peak season for sales of mahogany furniture, but the sales volume is also quite impressive. But this year's business was surprisingly deserted, and often for a long time can not sell a set." Visible The market for mahogany furniture has entered the winter.

The reason is that speculation is greater than investment. Looking at the reason why the domestic mahogany furniture market has continued to turn cold after years of high temperatures in recent years, experts say that the increase is due to the noble and elegant characteristics of mahogany furniture itself, which has a huge space for preservation and is highly praised by collectors. Welcome, on the other hand, due to the sluggish domestic stock market and the country's restrictions on the real estate market in recent years, many speculative funds have entered the art and antique furniture collection market. These funds, after selecting a certain number of speculative targets, use various means to speculate on the rapid increase in their prices, and then throw out profits quickly. This approach not only disturbed the normal collections market, but also led many investors who were not aware of it to later pay for it. When the market reached a certain high, these funds chose to flee, resulting in the capital chain fracture of the entire market, making both prices and turnover into the cold "39 days."

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