Maybe money does grow on trees afterall, we'll see over the next few years!
Dollarsandart has taken the plunge investing in a sustainable tree plantation in Thailand that started with w fragrance sponsoring the 2014 Dubai $ Project The Intergalactic$ and we've been growing together ever since!
First-grade agarwood is one of the most expensive natural raw materials in the world, with 2010 prices for superior pure material as high as US$100,000/kg, although in practice adulteration of the wood and oil is common, allowing for prices as low as US$100/kg.
A whole range of qualities and products are on the market, varying in quality with geographical location, botanical species, the age of the specific tree, cultural deposition and the section of the tree where the piece of agarwood stems from. Oud oil is distilled from agarwood, and fetches high prices depending on the oil's purity. The current global market for agarwood is estimated to be in the range of US$6 – 8 billion and is growing rapid as at the time my passion for painting, at any excuse....
Before the visit to the plantation in Sakon Nakhon it was paints out at HQ in Kaula Lumper and a very understanding CEO who in their boardroom allowed me to complete 'The elements'