[meteorite-list] BLOG REPORT: DEAN AND FARMER LEAVING METEORITESFOREVER

From: stan . <laser_maniac_at_meteoritecentral.com>
Date: Sat Apr 30 13:11:03 2005
Message-ID: <BAY101-F158B492EE643ADD7FEE748F0250_at_phx.gbl>

>Mostly these are older collectors and dealers who
>has seen the price of the collections (Or inventory)
>drop in value over 90%.

just as a historical note I would point out that most 'old' collectors - (by
my idea of 'old') have seen the price of their collections rise 1000% THEN
drop by 90% - Not too long before zagami was 1000$/g it was 75$/g - before
millbillillie and camel donga were 20$/g they were 2$/gram before johnstown
was selling for 400$/gram it was 25$/gram. ect. The only prices that seem to
have simply taken a nose dive were that of common chonderites. there was a
true speculative mania in meteorites where the prices went up, up, and up
even though the supply was racing up faster than the demand.

But will this trend last forever? I doubt it. Look at gibeon. I have seen
estimates of there being as many as a million pounds of gibeon - if there
are 10,000 active meteorite colelctors in the world thats enough for each
one of us to have a 100 lbs of the stuff in our collection! not too many
years ago there was plentifull gibeon on the market. I know dealers who
passed it up by the truckload at 20$/lb because there would always be more.
Then what happened? the supply was turned off at the source and now you are
LUCKY if you can find a big gibeon and if you can it's price is going to be
in the 200$/lb ballpark. If you were sitting on a big pile of gibeon a few
years back you literally ahve yourself a goldmine today who's performance
would make warren buffet drool. Will the prices of other meteorites -
especially rare meteorites follow suit? who knows - all i can say is that as
a collector I sure as heck dont mind being able to pick up achonderites for
a few $/gram again (when you get a good deal)
Received on Sat 30 Apr 2005 01:11:01 PM PDT