Booths at the Flower fair sold lower than expected bidding prices
Around a thousand booths prepared for the 30th Shenzhen Spring Festival Flower Fair slashed prices lower than the prices of the booths last year. One booth in area A only sold for 15,000 yuan the highest paid booth this year and lower than the record price of booth number 1 that was sold last year.
Booth number 1 is the most sought after booth since its near the entrance, and this year booth number 1 was only sold for 12,800 yuan to a woman named Wang. This is her first time to join the festival and is planning to sell orchids. Booths numbers 001 to 010 only sold for more than 5,000 yuan slightly lower from the average price the booths go for during the auctions.
These low prices reflects that most florists and retailers are becoming more rational. During the previous fairs, florists are retailers are competing for each other on who will get the booth 001. This year most of them gave up on getting the first booth and focused their attentions to the other booths numbered from 002 to 010.
The cold weather raging in the country also affected the sales of flowers, pushing up it costs and creating a negative effect on the market. Because of this unpredictable weather the flower fair management plans to update florists with weather information. The fair office estimates around a million visitors will be coming in to the annual five day flower fair. The flower fair will be selling different kinds of flowers ranging from potted plants, fresh flowers, potted landscapes, root carvings and flower handcrafts.