[meteorite-list] Meteorite economics revisited
From: Sharkkb8_at_aol.com <Sharkkb8_at_meteoritecentral.com>
Date: Thu Apr 22 10:32:45 2004 Message-ID: <20.240eae7d.2d7786fc_at_aol.com> -------------------------------1078340860 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit adamhupe_at_comcast.net writes: dealers sometimes do set the prices. It then becomes a matter of trust for collectors that they are not paying too much. Spoken from a true seller's perspective. ;-) Sellers can think that they set the prices, but they simply don't. A dollar-per-gram number is not a true "price" until it's willingly paid, and only a buyer can decide to willingly pay. If all "honest dealers" decided tomorrow (with no interference from "rogue" sellers ;-) that the "price" of Gao was $10,000/gram, that would just be a number printed in a lot of catalogs, it wouldn't actually be "The Price of Gao". It wouldn't be a dealer-decided price because no one would be paying it. Dealers would have to keep lowering the price until buyers started consistently buying......voila, look who "set" the price. The standard business supply and demand argument only works for true commodities not for meteorites in all cases. This is because no two falls are alike just like no two pieces of fine art are alike. Is fine art a commodity in the business sense? Yes, it absolutely is. I've been in the business side of the artistic community for thirty years, and I believe there are ZERO economic differences between art commerce and meteorite commerce and bread commerce and CD-player commerce - merely minor variations of the same unbreakable rules. Gregory J. Gregory Wilson 2118 Wilshire Blvd. #918 Santa Monica, CA 90403 -------------------------------1078340860 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable <HTML><HEAD> <META charset=3DUS-ASCII http-equiv=3DContent-Type content=3D"text/html; cha= rset=3DUS-ASCII"> <META content=3D"MSHTML 6.00.2800.1400" name=3DGENERATOR></HEAD> <BODY style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #fffff= f"> <DIV> <DIV> <A title=3Dmailto:adamhupe_at_comcast.net href=3D"mailto:adamhupe@co= mcast.net">adamhupe_at_comcast.net</A> writes:</DIV> <BLOCKQUOTE style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: blue=20= 2px solid"><FONT face=3DArial>dealers sometimes do set the prices. It=20= then becomes a matter of trust<BR>for collectors that they are not paying to= o much. </FONT></BLOCKQUOTE> <DIV>Spoken from a true seller's perspective. ;-) Sellers=20= can <EM>think</EM> that they set the prices, but they simply don't. &nb= sp;A dollar-per-gram number is not a true "price" until it's willingly paid,= and only a buyer can decide to willingly pay. If all "hones= t dealers" decided tomorrow (with no interference from "rogue" sellers=20= ;-) that the "price" of Gao was $10,000/gram, that would just be a num= ber printed in a lot of catalogs, it wouldn't actually be "The Price of Gao"= . It wouldn't be a dealer-decided price because no one would be=20= paying it. Dealers would have to keep lowering the price until buyers=20= started consistently buying......voila, look who "set" the price. </DIV> <BLOCKQUOTE style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: blue=20= 2px solid"><FONT face=3DArial>The standard business<BR>supply and demand arg= ument only works for true commodities not for<BR>meteorites in all cases. Th= is is because no two falls are alike just like no<BR>two pieces of fine art=20= are alike. Is fine art a commodity in the business<BR>sense? </F= ONT></BLOCKQUOTE> <DIV>Yes, it absolutely is. I've been in the business side of the arti= stic community for thirty years, and I believe there are ZERO econ= omic differences between art commerce and meteorite commerce and bread comme= rce and CD-player commerce - merely minor variations of the= same unbreakable rules.</DIV></DIV> <DIV> </DIV> <DIV><FONT lang=3D0 face=3DArial size=3D2 PTSIZE=3D"10" FAMILY=3D"SANSSERIF"= ></FONT><FONT lang=3D0 face=3DArial color=3D#ff0000 size=3D3 PTSIZE=3D"12" F= AMILY=3D"SANSSERIF"></FONT><FONT lang=3D0 face=3D"Comic Sans MS" color=3D#ff= 0000 size=3D3 PTSIZE=3D"12" FAMILY=3D"SCRIPT">Gregory</FONT><FONT lang=3D0 f= ace=3DArial color=3D#000000 size=3D2 PTSIZE=3D"10" FAMILY=3D"SANSSERIF"><BR>= <BR>J. Gregory Wilson<BR>2118 Wilshire Blvd. #918<BR>Santa Monica, CA 90403<= /FONT></DIV></BODY></HTML> -------------------------------1078340860-- Received on Wed 03 Mar 2004 02:07:40 PM PST |
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