2005 Gan En Lao Ban Zhang ?

One of the intentionally aged teas, Pu-Erh has a loyal following.

2005 Gan En Lao Ban Zhang ?

Postby zencha » Mar 9th, '14, 14:12

What is current market price for a cake ?
Thank You .

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Re: 2005 Gan En Lao Ban Zhang ?

Postby shah82 » Mar 9th, '14, 14:24

Can you even find one? Or you're buying from a friend?

To cut it short, there isn't really a market price for such a tea. When it comes to LBZ, you're basically paying the price for the *name*, given just how much of it is fake. Moreover, the price of the name is different in Asia instead of the West. Gan En is reasonably well known here, but the price people are willing to pay for expensive tea is much less than in Asia. However, how many Asian people would be willing to buy a single cake from someone they don't know well? Just from rational storage considerations?

Most well known and trusted LBZ from 2005 is $1k or more now. Tea is not liquid at that price for non-shopkeeps, though.

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Re: 2005 Gan En Lao Ban Zhang ?

Postby zencha » Mar 9th, '14, 14:44

This was offered to me at what I believe to be a reputable shop in Taipei .
At the shop , not mail order .
Price seemed too low , $165 , which is why I posted .

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Re: 2005 Gan En Lao Ban Zhang ?

Postby shah82 » Mar 9th, '14, 14:55

Well, I *was* dismissive of the tea...

However, it's not actually a bad tea.

It's also possible that you have an old teashop phenomenon selling good old teas to make the rent.

It would be worth my while to sample the tea, but the presumption probably should be that it's too good to be true. I do not think you can sell any reasonably real LBZ from 2005 for $165 without it being instantly sold out. For example, Sampletea had the 2001 HeShiHua Jingmai cake for $160, which was a fantastic deal for what it was. That cake was sold out in about six months or so. Sampletea also had a fall 2005 no-name white paper banzhang for about $180-$220. It was pretty decent... So if a no name fall LBZ at a place that has had decent deals before costs more, and it cost more in late 2011 and early 2012...

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Re: 2005 Gan En Lao Ban Zhang ?

Postby MarshalN » Mar 10th, '14, 01:01

$165 is entirely possible in Taiwan, provided you've got a chance to at least look at it and preferably to taste test it

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Re: 2005 Gan En Lao Ban Zhang ?

Postby gasninja » Mar 10th, '14, 10:02

Gan en Is a lighter Bhanzang. I wish I bought one when I had the chance. If it is legit and decent storage. I would grab two. Oh and pick me up one while your at it. :D

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Re: 2005 Gan En Lao Ban Zhang ?

Postby shah82 » Mar 10th, '14, 23:59

Honestly, if you picked up a tong, I suspect you can easily earn a small profit from reselling, if its what it's supposed to be. Say, $250 should allow you to sell out fairly quickly.

To be entirely frank and honest, good deals in Taiwan for gushu that mom and pop operators probably didn't buy into with any fervor...

Not that it's impossible. One person doing a Taiwanese Yahoo auction shop has had XZH '06 LBZ, and it would always be a *very* reasonable price of ~$300 last time around. While that dude would be trying to sell what is probably an inferior (I haven't had it) '08 ChenShengHao for almost $850. Of course, though, the CSH is still there. Also sold a ChenGuangheTang '05 for ~$150 in Nov '13.

Now, that dude was just selling single cakes, though. Perhaps from a relatively private collection.

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