... and other luxury fads are also perishing

Some precious goods in China once boasted massively high prices due to market frenzy, but now they have suffered huge price drops due to dampened demand.

Clivia

The clivia, which is native to South Africa, is highly appreciated in China just like tulip in the Netherlands. The clivia boasted a price of more than 10,000 yuan ($1,570) or even more than 100,000 yuan for a pot in the 1980s.