[meteorite-list] Portales Valley and Park Forest
From: Sharkkb8_at_aol.com <Sharkkb8_at_meteoritecentral.com>
Date: Thu Apr 22 10:10:02 2004 Message-ID: <65.df9f50c.2bbdfbff_at_aol.com> --part1_65.df9f50c.2bbdfbff_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Matteo: > if someone ruin the > prices of market I can't speak for anyone else, Matteo, but THIS phrase clearly identifies perhaps the major difference between your view of the meteorite market (or any market for that matter) and mine, which I'd guess is also shared by many on this list. The fact that you assume that that a seller (or several) even has the capability of "ruining the prices" of a meteorite, suggests that you think that market prices are mostly controlled by the seller. I think that prices are mostly controlled by the buyer. I think sellers must craft their prices around what buyers are willing to pay, not the other way around. Sellers can have some relatively modest amount of influence over the "supply" part of the equation, but have no similar control over "demand," and that's what largely determines prices, in my view. In the case of the Chicago fall, material has fallen in the middle of one the USA's largest cities, there has been a huge media buzz, the Museums are involved, the police are involved, the press is involved, the scientists are involved, there's a feeding frenzy there; surely no one could expect the same reaction from the American public about meteorite news in Lesotho. Or even Portales for that matter. If there was a fall tomorrow, on the grounds of the Foro Romano, don't you think that would produce a much higher street-price (demand!) than a similar chondrite that might fall in the farmland of Emiglia Romagna on the same day? And yes, that price will go down as time passes and the hype dissipates. Matteo, I think you are inexplicably locked into some expectation that all meteorites/classifications must be established at some specific price-level, and then should never ever vary from that, and if they do, there must be some mysterious or sinister force at work. One would think that you would change that expectation after being in the collectibles market for any length of time. That's why they call it a MARKET. One more question....Matteo, do you sell every single L4 at exactly the same price? Do you sell every shergottite at the same price? Zagami and Shergotty....same price for 2 grams? If not, why not? Gregory --part1_65.df9f50c.2bbdfbff_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable <HTML><FONT FACE=3Darial,helvetica><FONT SIZE=3D2 FAMILY=3D"SANSSERIF" FACE= =3D"Arial" LANG=3D"0"> <BR> Matteo:<BR> <BR> <BLOCKQUOTE TYPE=3DCITE style=3D"BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT= : 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">if someone ruin the<BR> prices of market</BLOCKQUOTE><BR> <BR> I can't speak for anyone else, Matteo, but THIS phrase clearly identifies pe= rhaps the major difference between your view of the meteorite market (or <U>= any</U> market for that matter) and mine, which I'd guess is also shared by=20= many on this list.<BR> <BR> The fact that you assume that that a seller (or several) even has the <I>cap= ability</I> of "ruining the prices" of a meteorite, suggests that you think=20= that market prices are mostly controlled by the seller. I think that p= rices are mostly controlled by the buyer. I think sellers must craft t= heir prices around what buyers are willing to pay, not the other way around.= Sellers can have some relatively modest amount of influence over the=20= "supply" part of the equation, but have no similar control over "demand," an= d that's what largely determines prices, in my view.<BR> <BR> In the case of the Chicago fall, material has fallen in the middle of one th= e USA's largest cities, there has been a huge media buzz, the Museums are in= volved, the police are involved, the press is involved, the scientists are i= nvolved, there's a feeding frenzy there; surely no one could expect the same= reaction from the American public about meteorite news in Lesotho. &nb= sp; Or even Portales for that matter. If there was a fall tomorrow, on= the grounds of the Foro Romano, don't you think that would produce a much h= igher street-price (demand!) than a similar chondrite that might fall in the= farmland of Emiglia Romagna on the same day? And yes, that pric= e will go down as time passes and the hype dissipates. Matteo, I= think you are inexplicably locked into some expectation that all meteorites= /classifications <U>must</U> be established at some specific price-level, an= d then should never ever vary from that, and if they do, there must be some=20= mysterious or sinister force at work. One would think that you would c= hange that expectation after being in the collectibles market for any length= of time. That's why they call it a MARKET. <BR> <BR> One more question....Matteo, do you sell every single L4 at exactly the same= price? Do you sell every shergottite at the same price? Zagami=20= and Shergotty....same price for 2 grams? If not, why not?<BR> <BR> Gregory</FONT></HTML> --part1_65.df9f50c.2bbdfbff_boundary-- Received on Thu 03 Apr 2003 04:05:03 PM PST |
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