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Rosewood furniture increases in value over time

By YAN YIQI (China Daily) Updated: 2015-01-12 09:21

Zhu Datian, another antique furniture expert, cautions, however, on reckless purchases.

"Newcomers are unable to identify whether the material and techniques of certain pieces of furniture are worth that much. In that sense the market still lacks enough regulation," he says.

The rosewood furniture investment market in China, he says, is still not mature enough to know exactly what the true value of these products are, or might be in future.

"Many collectors simply evaluate one piece of rosewood furniture according to the wood it uses, and neglect the cultural value behind it," he says.

But Zhu certainly thinks the market can look forward to a stable decade as collectors get to know the culture of rosewood furniture better.

"The prices will grow for sure, but not as fast as they have been growing," he says.

Zhou Renmin has been collecting rosewood furniture for more than a decade, and says his collections have doubled in value in that time.

He opened a rosewood furniture-themed boutique hotel in Hangzhou in 2013, the capital city of Zhejiang province, in the hope of making more out of his investments.

Located in the embrace of the city's West Lake, his five-room hotel has attracted a lot of foreign visitors, who have happily spent 1,280 yuan on a standard room.

"The Westerners who come to China want to have a real Chinese experience during their stay. And my Chinesestyle rosewood furniture fits the bill perfectly," he says.

Zhou's exclusive rooms are fully-booked until the middle of January and he is not afraid that his collection might be destroyed by customers.

"Furniture is for daily use," he says, "and I am glad there are so many people who appreciate and share my collection."

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