New national standard constrains the phenomenon of fake and fake sales, mahogany furniture fell by more than 20%

2020-03-04 14:09:20

Tibetan friends watch a piece of mahogany furniture in the Tianbao Art Hall. Reporter Wang Zengfang

Last week, at the 10th China International Home Furnishing Summer Exhibition held at the Ningbo International Convention and Exhibition Center, the reporter learned that although the major mahogany furniture exhibitors in the mahogany furniture exhibition area are engaged in price reduction promotions, they are still very popular.

The pessimistic economic situation has accelerated the reshuffle of the market. Since October 2011, the price of mahogany raw materials and furniture has fallen by more than 20%.

In stark contrast, some precious old materials are still firm in price, and collectors "hidden and not sold", waiting for a new round of rising prices.

Is the market decline a rational return?

In the home hall of the famous museum, the reporter saw that the furniture exhibited in the famous art house was mainly based on daily household desks, sofas and beds. The price of the eight-piece book sofa is only 98,000 yuan, which is lower than many people expected.

“Now to buy mahogany furniture, there are many old customers and few new customers,” said Dong Jingfei, manager of Ningbo Mingyi’s famous mahogany furniture. “The total sales of our company’s mahogany furniture has increased, but the profit margin has been compressed, mainly because of the real The good wood is scarce resources, the price rises rapidly, the rise of raw materials and the increase of labor costs, the profit of the mahogany furniture market declines."

Zhou Jinyou, manager of Shanghai Laozhou Redwood Company, analyzed that “from the end of last year, the price of raw materials and furniture in the mahogany market has fluctuated greatly”. For the weakness of the rosewood market, he believes that this is the market is returning to rationality. “The funds of the previous speculation have been withdrawn, and the market has begun to calm down. Many investors who have hoarded raw materials at high prices have been entangled. The realization of mahogany raw materials and mahogany furniture is still dominated by collectors and intra-industry transactions, and the trading in the mahogany market is shrinking. It’s justified."

Scarce wood does not change with market conditions

The reporter interviewed at the home fair found that red sandalwood, huanghuali and red rosewood old materials are the raw materials of high-end mahogany furniture. In the mahogany furniture enterprise exhibition area, the price of mahogany furniture with such materials and excellent work has not dropped significantly.

Zhou Jinyou told reporters that the price of raw materials for mahogany furniture has changed to a certain extent this year, but the difference in the rate of reversal of different materials is obvious. For example, the price of red rosewood with a slightly better appearance is about 10% this year, and the labor cost has increased by 15%. About %, so the price reduction of mahogany furniture made of superior materials is not obvious.

Liu Zhengyun, a collector who is exhibiting wood furniture at Tianbao Art Hall, told reporters that this year, he sold all the ordinary new furniture, huanghuali, lobular rosewood, gold nanmu and other old furniture due to increasingly scarce raw materials. The price will only get higher and higher. For example, the price of Hainan huanghuali is still 15,000 yuan/kg, and the price of a thousand-year-old rosewood sculpture displayed on the spot is more than 10 million yuan. Therefore, in the current market situation, he has always insisted on "hidden and not sold", and some famous masterpieces are only for viewing, and the ornamental value and future market value are immeasurable.

Dong Jingfei, manager of the famous mahogany furniture in Ningbo, introduced the huanghuali and lobular rosewood that have created the myth of appreciation for ten years. They are already phoenix scales, and the price is daunting. In contrast, red rosewood is especially the old mahogany. "(also known as Sian rosewood) still has upside. With the passage of time and the continuous reduction of rare wood, the old mahogany market is likely to come out of the rally.

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