Hot mahogany furniture can buy

In recent years, people in the industry called Huang Huali “crazy wood”. Especially Hainan Huanghua pear, the value of Hainan Huanghua pear rose by 400 times in 8 years. Is there a bubble in the mahogany furniture market? How big is the development prospect and appreciation space? With the above issues, the reporter interviewed Zhang Shaowu, deputy secretary-general of the China Collectors Association, director of the Classical Furniture Collection Committee of the Chinese Collectors Association, Xu Feng, a member of the Chinese Collectors Association with more than ten years of experience in the collection of mahogany furniture, and Beijing Jundeyi mahogany. General Manager of the furniture company and director of the Chinese Classical Redwood Council Liu Min and many Other experts.

Behind the high prices hidden bubble worry

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The price response of the market can best illustrate the problem. A huanghuali multi-bread cell has a price of 3 million yuan. An antique huanghuali bed in the late Ming and early Qing dynasty was valued at more than 10 million yuan. Behind the data, many people are interested in whether these mahogany furniture prices have bubbles?

Zhang Shaowu: The basic support point for furniture prices lies in raw materials. Finished products are up or down. The key lies in the price trend of raw materials. In recent years, China's mahogany furniture mainly relies on foreign imports. Scarcity, geographical factors and transportation issues have become the hard background for soaring prices of mahogany furniture. Some people think that it is hot money or hot money pushing the market. I think the power in this area is limited.

Xu Feng: The value of mahogany is very high since ancient times, because the timber itself has a strong health effect. For example, Suanzhimu and Xiangzhimu have some faint fragrance, which is very beneficial to people's mind and body. The mahogany furniture is not only sleek and dark, but also has a rich cultural heritage and software is more perfect. I think that the superposition of these two factors has pushed up the market price of mahogany furniture.

Liu Min: Frankly speaking, 60% of the buyers I came in contact with are for the purpose of collecting investment. Since it is the majority of investment components, there will inevitably be a bubble. However, this “bubble” has not yet reached a level of danger that the industry can not afford. On the contrary, it is the catalyst for an active market.

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The timber is expensive and the furniture is well documented. However, under such an upward trend, millions of investments will not result in the inability of small enterprises. Is this not a potential danger to the industry?

Liu Min: There is indeed such a problem. At present, the production and operation of mahogany furniture are all private enterprises. The biggest problem is funds. The continued high price of mahogany is a high probability event. However, small businesses are not absent, and the industry must develop healthily. It is impossible to rely solely on the "dead thing" of scarce resources, but to make the materials "live." In fact, the space for mahogany development is unlimited. The key lies in the improvement of craftsmanship and artistic innovation. In this regard, the increase in profit for the company will be much higher than the difference between making only a rough processing fee or material.

Zhang Shaowu: With rising prices, you can get a hedging of increased spending power. In recent years, the output of China's mahogany classical furniture has grown very rapidly. This has benefited from the rapid development of the economy, but also benefited from the vast number of Chinese traditional culture lovers and admirers of mahogany art, it is they that provide a lasting and firm The consumption power supports the development of the industry.

Where is the "expensive" valuable wood?

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For outsiders, does Redwood not be wood? Wood is playing the "crazy rock" drama scene. Where are these precious woods "expensive"?

Zhang Shaowu: Consumer preference for mahogany furniture is a long-standing one. This preference is derived from the "precious" and condensed process of mahogany material. This love is gradually deposited, so the resulting bubbles are more limited. In addition to the elegant and steady shape of mahogany furniture, the structure is also very natural beauty, not nails, not relying on plastic, in an integrated way to fight together, not only control the deformation of wood, the function of inflation, more durable.

Xu Feng: I think the main reason is that resources are too scarce. This reason is very critical.

Liu Min: That's right. From the manufacturer's point of view, wood prices are the most concerned issue for everyone and affect the nerves of everyone in the industry. Many employers wake up in the morning. The first thing is to look at the price of materials. Therefore, the reason for the “expensive” is not the bubble. It still lies in the scarcity of resources and the environmental, import, and export restrictions that come with it. If resources are limited, there will be signs of trouble and the price will be very fast. Rise.

Whether the high price is overdrawing the appreciation potential

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Two key words were mentioned earlier: hot money, inflation, and two key words; materials and quality. At present, regardless of the log or finished furniture, the price is running at a high level. Is there room for appreciation?

Zhang Shaowu: One point needs to be made clear. For collectors, the real investment in collections will not be affected by the sharp fall in the price of mahogany raw materials. Mahogany furniture is rich in "historical relics" of art-like craftsmanship and profound historical and cultural heritage. It has indelible artistic value and cultural value, and there is no "overdraft". However, buying mahogany furniture is best not to hold impetuous investment mentality. The charm of mahogany furniture lies in its practicality and its artistic value. The more they use, the more beautiful they are, the more they use, the more they have charm, and they are not as easy to wear out as modern furniture. It is a good collection. However, compared with stocks and real estate, its liquidity is not strong, and it is not appropriate to buy it with an investment mentality.

Liu Min: The pressure of inflation in 2010 has caused all investors to tighten their nerves. To control inflation, we must find items that can preserve value and increase value. The collection value of mahogany furniture is different from other collections. It does not lie in the high turnover rate, but in the sense of achievement that investors see when the prices of their favorite objects rise.

Xu Feng: If you want to list the top three, it is undoubtedly Hainan pear, lobular rosewood and Vietnamese pear. The "water" of mahogany is very deep and there is a lot of knowledge. The "heartwood" and "sapwood" judgments, the identification of varieties, and many other factors directly related to prices are highly professional and require genuine understanding of how to invest in safety.