Mahogany furniture plunged cautious "buy the dips" Many tenants have already been shut out of business

"Mahogany furniture, the price correction, is currently the best bargain-hunting opportunity for ... ..." Recently, with the market price of mahogany furniture, high-profile diving, some businesses began to take the opportunity to rally with bargain-hunting preserve and increase sales. But when the reporter learned from the industry, mahogany furniture, prices are unrealistically high after the fall, the future price trend is uncertain, consumers need to carefully bargain-hunting.
Market deserted business closed

Reporters in Beijing, visited the discovery of classical furniture market, where many merchants have closed their doors, and the market was deserted. Some tenants are marked in a prominent place a sign on the discounts, merchants, admits: "Now, even the foreigners do not buy."

This reporter saw the original price of 1.4 million wood armchair special now 7,000 yuan, a group of classic mahogany cabinet in the first half last year, the price of 10 million, is now special to 60,000 yuan. A merchant told reporters, pointing wings wood square table, the original thirty or forty thousand were sold, and now someone wants to sell more than 20,000 price, the more business will be harder to do next.

A merchant told us that in lower prices mahogany furniture, new wood new furniture, the largest decline to do, the average fell more than 50%. Followed by the old wood for new furniture, there are three or four into a decline. Price of goods when the backlog of high hoard objects, the highest average fell more than 70% are.

Excessive speculation led to the collapse of

"The financial crisis led to investment in collection, as well as a serious decline in consumer demand, but the main factor or because the prices were inflated, the bubble burst." Gunda circles for many years at Redwood High, told reporters that the artificial price of excessive speculation in the market plunge of the fundamental reasons.

This reporter learned that the first half of 2006 to 2008, Vietnam, pear, Hainan pear, lobular three kinds of rare red sandalwood wood furniture produced by the steepest rise, almost doubling growth, while the average appreciation rate of wood wings are also 40 % to 50%. Redwood Circle had a lot of time, the birth of the myth of overnight riches. Today, lobular red sandalwood million from the price, but 10 per ton, while the highest price of the period up to one million yuan per ton.

"A lot of outsiders do not understand, thought it was mahogany on the value." Mr. Gao told the reporter that, when pushed up the price of mahogany furniture retailers have to play a lot of concepts, such as scarcity, disappeared, and the value of speed, be available for future generations concepts. In addition to gold Phoebe and a handful of wood, many of mahogany, and not many businesses like to say to the scarcity of fast extinction. In addition, many businesses fictitious, raised the ship and other tactics in the stock market pulled the price of mahogany, the bubble inflated to a high degree of value-free city, naturally collapse of the.

Follow the trend of bargain-hunting should be careful

Mahogany furniture prices down, and some wait a long time consumers have been eager to start. In response, the Chinese collector association of experts, told reporters that the current price of mahogany furniture, the trend is uncertain, difficult to say the price will rise in the future.

This reporter has learned, furniture market, the profit is 5% to 10%, investment rate of value added should not exceed this speed. Other collections from past experience, it is difficult when the bubble burst revived confidence in the market. Experts suggested that we should distinguish between consumption and investment, for most consumers, the utility is still the main function of mahogany furniture, if it is for personal use, the price of more than practical value would be unreasonable, and do not blindly believe in preserving and increasing appreciation of the shot.