Redwood furniture is reduced by 30% and now investment opportunities

In Banan District, citizens are buying mahogany furniture. Reporter Tang Hao photo data map

Business reporter Ren Zhongjun trainee reporter Sun Lei

Since the beginning of this year, due to the sluggish market demand, although the price of high-end mahogany furniture has been firm, the prices of low-end and mid-end products have plummeted, with a drop of 30%. According to experts, although some of the mahogany furniture is squeezed out, due to different materials and different processes, investment in mahogany furniture still needs to be cautious, and it may fall into the investment trap with a little carelessness.

The price of competition is generally down 30%

“The best time for mahogany furniture is from 2007 to 2010, when mahogany furniture is fired. For example, red rosewood is going up 5% every month.” Mao Muzhong, owner of mahogany furniture, said that in 2009 In 2010 and 2010, the price of mahogany raw materials hit a new high. At the time of the fire, one ton of lobular rosewood would cost 2 million yuan. The hot redwood market has also attracted many latecomers. In Chongqing alone, dozens of mahogany sales outlets have been opened in recent years, and market competition has become fierce.

However, the good times are not long. With the real estate regulation and the weak domestic economy, the “bull market” of the mahogany market has come to an end since last year.

“Since 2011, the mahogany furniture market has undergone a deep adjustment, and the price of redwood that has been rushing all the way has also dropped rapidly. In 2010, it can sell 8 sets of large-fruit rosewood furniture (commonly known as Burmese rosewood), which is now sold. It is also about 50,000 yuan; a set of 10 sets of red rosewood palace chair, from 150,000 yuan to 100,000 yuan, the low-end mahogany furniture fell by 30%.

High-end mahogany furniture prices are firm

"No matter how the price of the low-end mahogany floats, high-end mahogany furniture is the top choice for mahogany furniture, whether it is value preservation or investment." Li Jun, general manager of Huabang Yuzun Redwood Chongqing Company, told the reporter. The reporter visited a number of rosewood dealers and learned that the price of high-end mahogany terminals is relatively stable compared to the price difference between low-end and mid-range mahogany. Take the lobular rosewood raw material as an example. At present, the price of this high-end mahogany is about 1 million to 1.2 million yuan per ton. This price is equivalent to last year, and there is no downward adjustment.

"Now high-end mahogany raw materials are getting scarcer and the price is firm. He has two sets of lobular rosewood furniture in his hand. He never thought about selling it at a reduced price." A rosewood dealer said that since this year, from Shanghai, Looking at the market transactions in Beijing and other markets, the investment value of high-end mahogany is gradually emerging.

Yang Bo, executive chairman of the China Furniture Association's traditional furniture special committee, said: "At present, the price of lobular rosewood is already at a low price. The quality of lobular rosewood imported from India recently is very rare. With the growing number of "old mahogany" wood species, The price of high-end mahogany will be higher and higher."

Material hidden hidden tricks need to be cautious

The price is determined to be the development of the mahogany market, the mahogany furniture has changed from a simple consumer goods to a more emerging investment.

"In 2005-2006, when the mahogany furniture was gradually accepted by the market, the scallops of lobular rosewood were about 400,000 to 600,000 yuan, and now it has doubled, while the sapphire rosewood was only 890,000 yuan per ton. Nearly 300,000 yuan. The investment value of high-end mahogany is undoubted." Li Jun said that this is like jewelry. When the value reaches a certain degree of stability, the investment property becomes more and more obvious. However, in the eyes of insiders, once you invest in mahogany, you will be "all in a loss" if you are not careful.

“Investing in mahogany, we must first distinguish its material.” Maori believes that when buying mahogany furniture, it is necessary to ask the name of the wood, the place of production, and whether it meets the requirements of the “New National Standards” of Redwood. Content and figure out the specific material. Tree species of different materials have very different materials and prices. For example, the market price of red sandalwood is very high, but the real red sandalwood refers to lobular rosewood, not ebony, red sandalwood, green sandalwood, purple ebony and so on. Investors must “small words” when they buy.

“In addition, the potential for value-added appreciation of mahogany furniture is not only related to wood, but also related to craftsmanship. For example, Ming-style furniture is the most “book-book” atmosphere in mahogany furniture, with a strict proportional relationship and comfortable and pleasant shape. Scale, once the Ming furniture is too complicated in the process, it must be tricky, or used to cover up the flaws in the material." The National Palace Museum's mahogany expert Hu Desheng said in an interview with the Commercial Daily.