马茅，大跌

Core Viewpoint - The price of Maotai liquor has significantly dropped, with the classic version (53%/500ml) wholesale price falling from 2450 yuan to 2200 yuan, a decrease of 250 yuan, and a total decline of 400 yuan since February 8 [1][3]. Price Trends - The price of Maotai liquor has experienced a volatile "roller coaster" trend, starting from a high of 2750 yuan per bottle at the end of January, dropping to 2280 yuan by February 4, and briefly rising back to 2600 yuan on February 7 and 8 before falling again [3]. - The official selling price for the classic version was initially set at 1899 yuan per bottle, with the price rising to around 3000 yuan due to demand and speculation before the recent decline [2][3]. Market Demand and Supply - Despite the recent price drop, there is still a certain level of demand for Maotai liquor during the Spring Festival, which is expected to stabilize the price around 2300 yuan per bottle in the short term [3]. - iMaotai announced a new sales round for the 53% vol 500ml Guizhou Maotai (Year of the Horse) from February 10 to February 16, with the rare edition selling out within minutes [4]. Resale Market - Current resale prices for Maotai liquor are reported to exceed 2000 yuan per bottle for the classic version and over 4000 yuan for gift boxes, with the rare edition priced at 4600 yuan [6].