The other day I read a piece of news online, reporting a
famous hard-liquore manufacturer in Shanxi province( Fen Jiu Group,
to be exact) held an auction last week for their 20 bottles of
liquor, made of part of their
treasured stock said to have been brewed for
around 60 years ( wow, that was the time when New China was
founded!).With a floor price of RMB95,000, the concluded price of
the first bottle finally sky-rocketed to 2.03M!Finally, all the 20
bottles had been auctioned with a total amount of nearly
RMB35M!
What I could do
was a bitter smile. For these
past two or three years, China's real estate
market is having a serious fever and most people are waiting for
its cool-down, only to see it soaring higher and higher. I am lucky
to have bought my apartment in 2004 , just before the housing price
was to flare up. Now, its estimated value has reached well over
RMB2M, a good buy, eh?
Now, it suddenly
comes to me that my apartment is just a little bit worthy of a
bottle of liquor?
Ironically, it is
the reality in China. The crazy price-hikes in
the housing market have forced more and more people away from it,
and they find it takes longer and longer for them to make their
housing dreams come true. Many of colleagues said they would not
consider buying an apartment within the coming one or two years
because of the formidable prices.
And, it sounds no
good when your apartment is worth a little more than a bottle of
liquor.
The manufacturer
has advertised their products in a special way, though it seems
their stunt was just an opportunity for
sensationalism. Because, it is said that the
manufacturer has promised to repurchase the
auctioned bottles if the buyers
don't want to keep it any more.
Hey....Whatever!
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