Bangwei Ancient Tea Tree’s Tea Material Is Auctioned at a Price Higher than Gold

At the 15th China Pu’er Tea Festival, 500 grams of sundried tea material was auctioned at a high price of RMB 180,000 (RMB 360 per gram). The tea material was picked from the 1,700-year-old Bangwei Ancient Tea Tree in Fudong Town, Lancang County, Pu’er City. The tea material’s auction price was even higher than the average price of the gold on the very day.

With 1,700 years tree-age, Bangwei Ancient Tea Tree is the only Yunnan-based ancient tea tree taken as the prototype of postage stamp picture in China’s postal history. The 11.8-meter-high tree is tall and straight, with luxuriant foliage and spreading branches. Nowadays, people are still picking up tea material from the tree. Its annual output of tea is only 15 kilogram. 500 grams of sundried tea material auctioned this time was picked on April 12.