Rosewood furniture is the result of speculation: asset bubbles in the sample

"This put-back chairs, how much money?"

Half day no one answered. It was a while before risking a word: "the Chair is red item, 40 kg. Now the Red rosewood 150 pieces, 1 kg of this Chair 6000 block. ”

Sound is back from a pile of furniture, floating out always didn't see one. You may be asked many times for many times, too lazy to come out to one another.

It is October 30, Saturday at noon, the reporters in Nanjing Confucius Temple antique city through the fourth floor. This well-known 3D player agglomeration area, many of the mahogany furniture covered with a thick layer of ash, the lobby of the Museum are the exception. Pleasing "investment mistakes, tri-fold sale" promotional signs, people with mixed feelings: but here's a hive of activity, more than one of the master's carved wooden bookcases Chair, chicken wings, hundreds of yellow flower Lei Muk screens, hardly a counter-offer.

Remember last interviews, it is the hottest time of the market. There is a do iron ore business bosses, "a head" bought 500 million of mahogany furniture. Looking back, rosewood and not what the public, and the new shareholders in oil 48 high rushed in, when there is no second samples.

By coincidence. During the national day, reporters in Suzhou Likou etc furniture city, seen several exclusive brands of the Ming and Qing dynasties antique furniture, are sold at a discount, customers will be few. "The last sale price to a dozen million coffee table, seat combo, now two or three fold can deal. "A bit of a salesperson's pointing at a piece of chicken wings wood table seating, original 4 million were sold," now it has sold 1 million. ”

This round of decline, according to reporter's understanding and observation, the new fall in a large mahogany furniture, over 60% of the average decline; old mahogany furniture was also affected by the result, decrease of nearly 40%.

Market madness, "preservation and appreciation of mahogany" concept was mad speculation. Guangdong a mahogany furniture companies in Beijing, Hong Kong, Nanjing and other propaganda on yellow flower Lei Muk investment value, say "1 kg yellow flower Lei Muk can change 40 g gold", this collection of old yellow flower Lei Muk, and claims that "whatever is ganmianzhang or lame stool, as long as it is a yellow flower Lei Muk, can bargain Exchange". No solicitation to the number of old yellow flower Lei Muk, was successful as his point of sale by a fire. Two years have passed, the gold price rose by 60%, and Redwood prices fell by 60%. If at that time was used to buy gold money wrongly bought Redwood, that big loss.

"Rosewood market, is the most chaotic and most dreamy market, information asymmetry, opaque, what ' resource scarcity, ' ' famous treasure ', are blind broke, exaggerated — market transparency is not as good as the stock market. "In rosewood collection sector roll playing years of Nanjing Redwood dealer week Xiaodong said.

Mahogany, includes the Red sandal wood, rosewood, chicken wings, longen, rosewood and other eight classes. In fact, apart from the longen and a handful of varieties, the transfer of A7 Edition

Continued from A1 version many varieties and not to the speculators said "scarce quickly vanished". Two years ago, China Society repair professional Committee Executive Director Professor Zhou Mo, in order to clarify the domestic leg of rosewood, 5th visit to India, Viet Nam on mahogany exports, inventories. He is aware of the situation and the domestic market, some people say "the delicate endangered" is totally different. South and Southeast Asian subtropical climate is suitable for the growth of red sandalwood and other materials, for a few years a number of harvesting, and occasionally of export restrictions, became the speculators who hype theme and La high shipment. Some people think, get out of a stock market manipulation to fried Redwood, "foam expansion to the extreme, valuable no city naturally meltdown."

3D Super bull market, many people crazy. SND a mahogany furniture factory boss told reporters, with the soaring price of non-rational, with mahogany furniture has become a symbol of the identity and status, not only individual investors a throw with a hedge collections gathered million, some financial institutions, large companies and Government officials joined them. Two years ago, some leading to higher level authorities, after the meeting in Suzhou, visit Redwood factory became the required content, than to see one Suzhou gardens. While the public funds to buy up the prices from care, "the more expensive to buy, the more we buy expensive" to some extent contributed to the degree of market bubble.

"Now the price has fallen back, 10 years ago. Resource products are on the rise, and mahogany furniture highboard diving, hung up a lot of people, Guangdong, Guangxi, Fujian hoarding wood materials, more than 80% of bankruptcy. "A bit in Zhangjiagang lumber imports, Fujian boss told the truth. He made many imported timber business, but a long sigh: "the market is too crazy, floating foam blowing fiercely,. "He said that, despite very careful, but this time the punters inventory or erase his many years of profit.

Jiangsu provincial foreign trade import and export companies a bit light industry has long been engaged in the business workplace of mahogany told reporters, according to market fundamentals, Redwood annual

-Added 15%-25%, belongs to a fine. Before 2005, the "Basic is a moderate increase in channel". But in recent years, the speculation driving up the entry of funds. 2007 annual inflow of funds of mahogany furniture market, is higher than the original admission of hundreds of times more funds, raw material prices were fried, also used various means to finished product prices "blowing high", attracting more people to death.

CCTV surveys, 2007 Guangdong market, Hainan huanghua PEAR from 50 million yuan per ton to 270 million in one year prices 4 times more, most of the timber to the people-fried-2000 Yuan per ton — the equivalent of 20 Yuan per gram. And lobular mahogany, within two years from 15 million yuan per ton, jumped to 75 million, Viet Nam huanghua PEAR from 20 000 per tonne up to 120 million. Domestic one of the largest distribution center mahogany — Fujian Xianyou, wood is placed in a storehouse, a few days of staying the same, it changed hands several times, the price is turned over several times, in local produce a number of "rich mythology". The locals have a mnemonic: "million dollar not so rich, multimillionaires, rich is not a few billion. ”

Prosperity and wealth effect so that more people believe that prices will rise and mahogany won't fall, like superstition only rose not falling house prices. Later, the paralysis, market mania, "foresight" and finally from the speculators are in the hands of the cargo receipt.

Have a long-term work in Guangdong and Guangxi region Redwood, raw materials market done research in provincial branches of China Bureau Chief Xuejun, mahogany furniture is traditional Chinese culture in a way that its collection pass is a yaqu, "but the flood of liquidity, that even this embodiment of poets and taste of the pure land is also a party to an excess of firing a devastated". Rosewood market madness, and these years with Pu-Erh tea, maotai, nephrite to agricultural products due to speculation, essentially consistent — essentially a currency spread, resulting in the entire social asset price high-expansion. While investment channel, lack of professional knowledge of ordinary investors, once caught, often in a dream "bubble" sank, pay a heavy price.

This expert opinion, mahogany furniture from sticker shock highboard diving, behind after the evacuation of fried hot money, is also in the context of liquidity flooding-style asset bubble burst of a typical sample. He pointed out that there is no break of foam, not always rise of unilateral market, "the myth of rosewood market, liquidity flooding in the background of the Chinese economy has special significance" warning.