In the past two years, the mahogany market has been called a hot one, and it can be said that it is going to rise. However, everything is too late, and recently it was cold, and the sales of mahogany also fell into hail.
Before the Spring Festival, it was originally the peak season for the sale of mahogany furniture, but the reporter saw in the Beijing Red Star Macalline Furniture Market that there were few customers in several large mahogany furniture stores.
Beijing mahogany furniture dealer Zhang Jihong: Not very good. Some have not signed a few months.
Customers sharply reduced, the merchants naturally played the price reduction card, in the Red Star Macalline all mahogany furniture stores, the price reduction of 20%, more than half the price cut. In another home market in Hong Kong, which specializes in high-end mahogany furniture in mahogany furniture, the reporter turned for half an hour and found that there was no consumer in the big exhibition hall. In some shops, even the sales staff did not have a 50% discount on the rosewood. Furniture abounds, like the original price of 200,000 coffee table is currently 100,000, this set of red rosewood sofa, the original price of 900,000, now hit the price of about 30%.
From skyrocketing to plunging, the price of mahogany furniture is like a roller coaster. Some investors have said that now that mahogany furniture is not bought for use, it is bought and fried, so what are the current situation of the collectors who have benefited from it? Zhang Yanhong is a collector in Beijing. Due to the bad market, several sets of mahogany furniture bought last year are in the hands.
Zhang Yanhong: This last year was about 1.6 million, and now it is worth seven or eight hundred thousand.
Han Qizhen, who specializes in the management of mahogany classical furniture and calligraphy and painting porcelain in Beijing Antique City, has now been locked up.
Han Qizhen: I was auctioned in 2009. The auction market is measured. If I shoot this spring, my value is equal to more than two million. Looking at it now, it is at 1.78 million.
In fact, with the skyrocketing price, the rosewood collection has long since changed, and the market is ever-changing. It is not surprising that this is ups and downs. However, we still have to remind you that investment is risky and collections need to be cautious.
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