Wood Crazy: Red Rosewood VS Yellow Pear
Appreciation, skyrocketing, sky-high prices, these words are now associated with the valuable furniture wood of huanghuali, red sandalwood, red rosewood. As the three major raw materials of Chinese classical furniture, Huanghuali is now almost extinct. The red sandalwood, which is known as the “Ten Tan and Nine Emptyâ€, has not been widely available. Red rosewood is now increasingly tight and attracts many mahogany. The eyes of furniture lovers. How long can the red rosewood rise? Will its price be the next "huanghua pear"? CCTV financial channel host Shen Zhu and special commentator art market evaluation expert Liu Xinhui, famous financial commentary Zhang Hong commented together.
Appreciation, skyrocketing, sky-high price, how long can Huanghua pear, red sandalwood and red rosewood rise?
Recently, the reporter saw a large-scale, luxuriously decorated furniture store in Guangxi, where many cars with foreign license plates were parked. Zhejiang, Guangdong, and Sichuan were all buying red rosewood.
Reporter: How many tons did you want this time?
Fujian Xianyou customers: How much he has to take. Going back to wholesale?
Wei Gang (Log Dealer): They are wholesalers, big wholesalers.
The name of the red rosewood branch is Dalbergia, why are so many people eager to buy red rosewood?
Wei Gang (Log Dealer): Huanghua Pear has risen almost 100 times since 2003. From 2003 to now, Siamese rosewood has risen 15 times. The space of red rosewood is much larger than that of huanghuali. When the red rosewood rises to 50 times, what is the price? It is now 15 times higher. We have been doing this material for more than a decade.
In the mahogany market, Hainan huanghuali, Indian lobular rosewood, and Laoshan red rosewood are the most popular among investors. Due to the scarcity of raw materials, Hainan huanghuali has skyrocketed by hundreds of times in the past decade. Industry insiders predict that red rosewood is likely to become the next huanghuali in the past two years.
In Pingxiang's large-scale finished furniture processing factory, Axia, a French-born boy, is the largest raw material supplier in Vietnam. The annual sales of redwood raw materials in China are more than 4,000 tons. Axia told reporters that nowadays red rosewood It has been hard to find.
Axia (Vietnamese merchants): In Vietnam, it used to be mainly in the central and southern parts. It was not expected in the north. Like Laos, there are in the south and not in the north. I have to find wood in which place, sometimes it is very tired and hard to find.
Reporter: Axia said that because the old wood is popular, there is no small customer base, and the demolition of old houses in Laos has become the main source of red rosewood. Some log dealers went to Laos to buy houses and old wood from local people at high prices.
Wei Gang (Log Dealer): This kind of goods was more than 10,000 yuan a ton before last year. Now this market is worth more than 30,000 yuan a ton. The whole market is up 5% higher than last year. Seven or eighty. And this kind of goods is not easy to find now, not to say how much there is, you look at the customers behind, they are five or six gangs, waiting here for a few days. The last one has been sold here.
Like Axia, Wei Gang is also a log dealer. In order to find more red rosewood, he hired two or three hundred locals in Laos to help him find wood, and to demolish two or three houses every day. More than 30 buildings have been demolished this year, and the old wood is very popular. The owners of Laos have also started to raise their prices. Now the highest price increase is the demolition of materials, which is several times compared with the beginning of the year.
Wei Gang: They have a price of 30,000 US dollars, a house for two or three months, an ordinary house, eleven or two columns, and (price) mentioned $110,000. 110,000 US dollars, more than 600,000 yuan (RMB), it is more expensive than the price of ordinary secondary cities, like a broken house. We counted more than 7,000 yuan on a square meter. Sometimes you demolish a house. Only two of them are red rosewood, and none of them are.
Wei Bo said that even if the old house is demolished, the red rosewood wood is rare. Because only a small part of the villages in Laos use lime branches to make houses.
Zhang Hong: A basic concept that everyone creates is scarcity.
("CCTV Finance Review" commentator)
In fact, there have been several reasons for this. One is that the fundamentals have been rising, and the huanghuali and red sandalwood are all rising, so this has also risen. Then there is another theme, you said that in recent months, skyrocketing, why? A list of internationally endangered plants that came out a few months ago said that these plants are endangered, which means scarcity, so they start to fry again. Of course, here may be the subject of hype. The third is the inflow of funds. A basic concept that everyone creates is scarcity. Including we see Laos, including Hainan, saying that Huanghuali is gone, and the house has to be demolished. Just let you not buy, you feel panic.
I used to be this concept, saying that mahogany furniture, nobles use these three. So the two big ones have already been finished, and the two big ones are now said to be scarce. If they don’t, will they have to make up? Then it rose too hard. The same is true of the theme of the stock market? The few have risen and this has started to rise. So if it's really three levels, then it makes sense to make up, but if it's not, just making a concept, it might not be normal.
Liu Xinhui: Hype has enriched the concept of scarcity
("CCTV Finance Review" special commentator)
What do you mean by the scarcity of these two words? In the past, it was rare to buy fewer people, and the lack of things was less. It was the relationship between people and things. Now the concept of this scarcity has been enriched, and it has been confused with the previous concept. Now, when it comes to skyrocketing, first create a pit, how big is this pit? It is not a general crater. Anyway, everyone said that this thing is going up, first compile a story, and say that this thing is scarce, to what extent is it scarce? Now it's starting to start the pigsty. You can think of how much material you can use in the pigsty, and even that material can be used. It used to be about buying tons, and later it was about buying it. Now it’s all about buying it.
Red rosewood, the former concept, is the concept of hardwood furniture. Hardwood furniture is actually the concept of red sandalwood and huanghuali. In fact, red rosewood is the redwood we say. Why is it called a sour branch? It is not up to the grade of red sandalwood and huanghuali. It is a few grades because it tastes bad. It is sour, you can smell the sour taste of the wood when you wipe the table. It is not the most high-end. But it has the same good, it is durable, it is hardwood. It can also be used in the South, and can be used in the North. It can be used by rich people. It can be used with a little money, but the people basically do not need it. The common people use eucalyptus, or other hardwoods.
In fact, the material is that the greater the greed of mankind, the greater the demand. How much supply it has is small compared to the human heart. And how much is the red rosewood? In fact, so far, the world has not done a detailed investigation. So how many? Don't believe it. Now that it is scarce, how many trees are there in the world? How much is the stock, have you investigated it? No authoritative department has published such information, so it is a good inference. There are many good trees in South America, and there are many good trees in Africa. Only then did we use red sandalwood and huanghuali, and there are a lot of good hardwoods that you have no use. If you use it, what is its market value? I think it is also how strong our understanding is. The most important thing is that in fact, the red rosewood is good, the red sandalwood is good, and the yellow pear is good. Don't look at the material that the old eye is on. Be sure to focus on the cultural value and artistic value attached to the material. It is culture and art, not the material.
Zhang Hong: The skyrocketing investment may be a sign of capital spilling from the industry.
("CCTV Finance Review" commentator)
This is a concept of compensatory growth, but huanghuali may still rise. Because from a financial point of view, it is actually a monetary phenomenon. Over the years, whether it is collectibles or art (art decoration renderings), their skyrocketing is actually related to our currency. Then everyone who has money may buy it. Of course, I don't want these things to skyrocket, but unfortunately, I faintly think that it may continue to skyrocket. Because, for example, the amount of money, such as no particularly good investment channels, the stock market does not rise, housing prices and purchases, etc., all of which exist, including many areas can not go, then it may be attractive to these concepts.
From the perspective of financial commentators, I am particularly willing to share with you the "Lost and Loss of Economic Change", this is a new book by Wu Xiaobo (microblogging). There is such a saying in him that if there is a huge increase in luxury consumption at a certain time, the rise in cultural relics prices, and the boom in land purchases may not represent an economic recovery, but more likely a sign of capital spillovers from the industry.
Liu Xinhui: This line is three years without opening and eating for three years.
("CCTV Finance Review" special commentator)
I think dialectically, why are some things related to art and crafts soaring and skyrocketing? It is hard to predict how far it will rise. Why? It is because not only the scarcity of materials, in fact, the people who like Chinese art are particularly vulnerable to being fooled, that is, what people say, he believes, because this is really a very information-asymmetric industry. Because there are too few people who know this line, there are very few people who can explain the things in this line, but on the contrary, there are more and more people who do not understand this thing.
We used to be such a popular saying that it would not open for three years and open for three years. why? That is to say, it is difficult to sell one thing, and it is only a three-year opening. Of course, it is a metaphor. But he can eat for three years, so he is not in a hurry. It is a slow, slow work. What is it now, the whole people are embarrassed, and when they say something up, they feel that this thing is good. One jade is Hetian jade, yes. Is the Qinghai jade, or Kunlun jade, or Russian jade, where the jade, is a good looking stone, he told you that this is sheep fat jade.
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