宁波一大商数亿元“茅台期货”资金盘爆雷，已封店跑路_老虎社区_美港股上老虎

宁波一大商数亿元“茅台期货”资金盘爆雷，已封店跑路

酒业内参2025-06-12

文 | WBO烈酒商业团队　　编 | 柒柒　　近日，浙江宁波酒圈一则“茅台期货”爆雷事件席卷整个酒圈：宁波当地一大商运作了数年的“茅台期货”模式在近期集中爆雷，众多酒商被波及，而该大商目前已跑路，旗下多家门店已封店，并留下了数亿元待兑付货品及资金窟窿。　　对此，WBO烈酒商业展开了调查。　　01 　　该模式已运作数年，涉及总资金盘或最高达10亿　　烈酒商业从多位宁波当地的业内人士处了解到...

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柒柒\n　　近日，浙江宁波酒圈一则“茅台期货”爆雷事件席卷整个酒圈：宁波当地一大商运作了数年的“茅台期货”模式在近期集中爆雷，众多酒商被波及，而该大商目前已跑路，旗下多家门店已封店，并留下了数亿元待兑付货品及资金窟窿。\n　　对此，WBO烈酒商业展开了调查。\n　　01\n　　该模式已运作数年，涉及总资金盘或最高达10亿\n　　烈酒商业从多位宁波当地的业内人士处了解到...</p>\n\n<a href=\"https://finance.sina.com.cn/chanjing/jync/2025-06-12/doc-inezuxsa3681509.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999006597.SGD","symbol_name":"United China-India Dynamic Growth 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柒柒\n　　近日，浙江宁波酒圈一则“茅台期货”爆雷事件席卷整个酒圈：宁波当地一大商运作了数年的“茅台期货”模式在近期集中爆雷，众多酒商被波及，而该大商目前已跑路，旗下多家门店已封店，并留下了数亿元待兑付货品及资金窟窿。\n　　对此，WBO烈酒商业展开了调查。\n　　01\n　　该模式已运作数年，涉及总资金盘或最高达10亿\n　　烈酒商业从多位宁波当地的业内人士处了解到，该“茅台期货”实际上已运作有数年时间，而如今爆雷的主要原因即是：茅台价格的整体下探，无法再维持资金盘持续的资金注入，以及完成货品的按时交付。\n　　对于具体的运作模式，一位宁波当地的经销商就向烈酒商业表示：“早先由于飞天茅台价格处于高位，所以该模式就以飞天茅台单瓶低于市面行情价数百元的价格售卖‘茅台期货’吸引酒商，并在数月或半年时间后交付货品，且期间还会有资金投入收益。”\n\n　　而由于价格低、货品真，随后便不断有酒商加入，从小批量逐渐到大批量，不断维持这个资金盘的运作。但从去年茅台价格开始明显走低的那刻，这一爆雷的风险就已摆上台面。\n　　一位宁波当地知情酒商称：该酒商曾经的办公地点位于宁波新周宾馆边上一座辅楼，靠代理贵州某烧坊酱酒起家，后来开始涉及所谓的“茅台期酒”模式，越来越多的资金加入到其中，目前涉及未兑付资金可能在3亿元左右。\n　　另一位宁波当地经销商就表示：“一旦大家都觉得茅台价格未来是下跌的趋势，再叠加近两年销售行情并不好，买茅台期货的量肯定就开始下滑。没有后续资金持续增加进入下，这就明显有点类似庞氏骗局的爆雷时刻，只是时间问题。而最近才集中爆雷，估计也是跟茅台行情价大概率最终跌破2000元这一价格趋势有关。”\n　　目前据烈酒商业了解，宁波当地已有众多酒商被该资金盘波及，既无法按时拿到货品，也无法兑付投入的资金。\n　　有当地酒商预估其总计涉及的资金盘最高时或能达到10亿元之巨。而一位业内人士即认为：“对于这类爆雷事件，一般也很难上升到刑事问题，更多则会被判定为民事买卖纠纷。”\n　　不过，目前已有受害者报警并被警方成功立案，显示警方已经介入该爆雷事件。一位当地的酒商甚至透露该公司负责人已经被警方带走。\n　　02\n　　该商家并非茅台签约经销商，旗下多家门店封店跑路\n　　不过，尽管多年来该大商在当地运作“茅台期货”这样的资金盘，但其实际上并非茅台股份公司的授权茅台经销商，而是作为一家普通的流通渠道酒类经销商在实际操盘运作。\n　　一位宁波当地的经销商就向烈酒商业表示：“大部分情况下，该大商肯定还是在市场上或者是茅台经销商处采购，所以其自身肯定是没有稳定的低成本茅台渠道来源的。”\n\n　　同时旗下还开设有一家所谓的“茅台品藏馆”，并号称收藏有价值过亿的茅台系产品。但据烈酒商业了解，其也并非为茅台官方“茅台品藏家联谊会”旗下在全国认证的数十家茅台品藏馆中的一员。\n　　不过，其虽并非茅台授权经销商，但确实是茅台镇某烧坊在浙江及江西两省的省级总代理商。从今年早先官方对外宣传的口径来看，其代理的该品牌酱酒在宁波当地市场于2024年便实现7000万的销售额。\n　　而在一年前，其与该品牌还作为共同的被告，被茅台公司以侵害商标权纠纷为由，向法院提起诉讼。\n　　目前，距离爆雷事发过去近半个月时间，包括该公司代理的酱酒品牌旗舰店在内的旗下多家门店已封店跑路，坊间传言涉及的待兑付茅台货品价值及资金窟窿达数亿元。一位业内人士即向烈酒商业透露，其认识的一位酒商即投入了上千万资金。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：王翔","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}