"Crazy wood" Huanghuali furniture prices soared

In recent years, the price of Hainan huanghuali furniture , known as “the gold in the wood”, has soared. Yesterday, the Tianfu Morning Post reporter visited the Chengdu furniture market and found that a set of “Palace Chairs ” Hainan Huanghuali furniture sold for 1.3 million to 1.5 million yuan, compared with 50,000 yuan 10 years ago. The same is the "2 chairs and 1 table" of Vietnamese huanghuali furniture , the current price of 400,000-500,000 yuan, and only 10 million years ago.

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In just 10 years, the price of Huanghuali furniture has increased by such a high. Market participants said that there is already a lot of hot money flowing into the mahogany furniture market, and Huanghuali will not follow the 2008 red sandalwood plunging, no one knows.


A set of simple furniture needs millions

Since Hainan Huanghua Pear has the characteristics of good-looking patterns, moderate wood hardness, non-deformation, and unique fragrance, it has become one of the best choices for making wood and bracelets since the Ming and Qing dynasties. Yesterday, Tianfu Morning Post reporter visited a number of furniture stores such as Caishi Street and Xianqiao. It is difficult to trace the "Huanghua Pear". A furniture owner said, “There are millions of simple 2 and 3 pieces, too few people to ask, we don’t.”

“Huanghuali furniture has always been enjoyed by very few people because of its high price.” Hu Bin, the manager of Zhiguzhen classical furniture, introduced a set of “Palace Chairs” and said, “This set of African huanghuali furniture is Hainan Yellow. The “alternatives” of rosewood and Vietnamese huanghuali are priced at about 4,000-5,000 yuan. The same style of Vietnamese huanghuali is priced at 400,000-500,000 yuan, while the price of Hainan huanghuali is as high as 1.3 million-1.5 million yuan. And 10 years ago, the price of Huanghuali furniture was much lower than the current."

It is reported that the huanghuali material that can make furniture in 1996 was about 160,000 yuan per ton, and has now risen to 20 million yuan per ton. "A seven or eight years ago, a customer spent more than 70,000 to buy a set of Hainan huanghuali furniture. After two years, some people out of 280,000, but fortunately he did not sell, because now there are millions."


Scarcity is sought after by collectors

Hainan huanghuali, leaf sandalwood, Vietnamese huanghuali, big purple leaf sandalwood, rosewood, etc., are all redwood. As the most valuable kind of mahogany, huanghuali is popular among collectors in the auction market, although it is “high and low” in the consumer market.

On December 12, 2010, Nanjing Zhengda Auction Co., Ltd. in the autumn of 2010 Ming and Qing furniture, a "Ming Dynasty Royal Palace huanghuali chair" finally recorded a record of 20 years of auction of huanghuali chair with a total transaction price of nearly 70 million yuan. .

The Chengdu auction market also held a special auction of furniture on November 17 last year. 14 pieces of classical mahogany furniture in the Ming court, a total of 4.98 million yuan, the transaction rate reached 93%.

Why are mahogany furniture so sought after by collectors?

“The growth of mahogany raw materials is extremely slow and can only grow in decades. The huanghuali wood needs to grow at least 500 years, which determines its scarcity.” The collector Zhang said that the stock market is sluggish, the prospect of the property market is unknown, paintings and calligraphy Under the background of high art collection threshold and intensified inflation, a lot of hot money has flowed into the mahogany furniture market.


Are you still dare to chase huanghuali?

"Now many people buy huanghuali furniture mainly for their own use, but also can be passed down from generation to generation. Of course, some investors want to cash, they are generally through auction, private transfer and furniture stores, clubs and other forms of sale." Mr. Zhang said that private transfers are small-scale and buyers are not easy to find. If the auction house is to be auctioned, it needs to be a boutique product, and the auction company will charge about 10% of the auction price. In addition, there is a certain fee for the sale of furniture stores, and the handling fee for high-end clubs is also about 15%. “Although I am more optimistic about the appreciation space of Huanghuali furniture, I also remind investors to take risks.” Mr. Zhang introduced that mahogany furniture, which has been on the rising channel, began to fall in early 2008 and fell back to the original point at the end of the year, more than 800,000/ The tons of red sandalwood turned into more than 300,000/ton in a blink of an eye, and a large number of speculators had no return. "Whether Huanghuali furniture will follow the sandalwood, no one knows, let alone the price is already high."

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