Tuesday, June 20, 2017

Tea Auctions – The Rising Tide of Capitalism

The impact of tea auctions have elevated prices in the category of antique tea. This rising tide of capitalism has spread ripple effects far and wide through the market for old tea.

We live in a world of capitalism. Money influences and impacts our society, the running of governments and corporations, and ultimately us. Our everyday choices, actions and trades (in buying and selling) are under the influence and regulation of money. The auction arena is a creation of capitalism. An auction contest is the ultimate spectacle for financial supremacy. Through competitive and incremental bids adversaries use money to battle and subdue one another. It is a pressure cauldron of escalating forces and emotions for which great wealth can be generated.

In recent years the category of antique tea has attracted much interest at high end auctions held in Hong Kong and Beijing. The most sought after Puerh tea, Liu An and Liubao baskets have become attractions generating great wealth at varying levels. Whilst most tea enthusiasts won’t be able to afford teas at this price range, studying the listed items allows us to observe the distribution and concentration of money. For those interested in investing in tea and hunting for bargains the key is in understanding individual lots of tea and their associated value in terms of 1) Recognition, 2) Rarity, 3) Quality. These factors combine with the human element determines the driving force of capitalism. - Below is a link to the results from the latest tea auction in Hong Kong.


In the next entry I will share my thoughts and expand on the key factors that distinguish certain items within the tea auction. We will delve deeper into the human element and how it combines to become a driving force for capitalism.

3 comments:

  1. This comment has been removed by the author.

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  2. Hi there

    i leave in Switzerlandi am doing some personal research on Pu erh tea and TeaDunk effects as a substitute to alcohol and THC,
    i am actually looking for some help, more details and information about this kind of tea, the varieties of tea that makes you really drunk or high and their effects.

    i have discover a lot of info but many different and very confusing
    i understood that to get this effects it has to be a “age raw Pu erh tea” or “age raw white tea”
    and the more minerals is in the tea, the more it has effects.
    is that right?

    Could you give me some advices and maybe guide me to find the best tea on the market that could have the strongest drunk/high effect?

    If you wish and if you have time, i ll be happy to have a phone talk.

    Regards

    mr.poidevin@gmail.com

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    Replies
    1. Hello,

      The comment section ideally should be reserved for sharing views and opinions that is related to the respective blog entry. For personal inquiry that is off topic it is better to send me an email. Share your tea experience and journey up till now. It will give me a better basis to form my recommendation.

      Best, Varat

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