[meteorite-list] Announcing NEW IRON-NWA 2679 Saharan Iron-Ad

From: David Freeman <dfreeman_at_meteoritecentral.com>
Date: Mon Mar 21 13:24:55 2005
Message-ID: <42312B3C.4060809_at_fascination.com>

So, err...what you are saying is if it doesn't sell then the price is
too high, and if it starts to sell fast, the lower price will gravitate
higher as auction dynamics take effect...as the current market dictates
the price.
Darts with a blindfold,
DF

Arizona Skies Meteorites wrote:

>Hi Darren...That is a great question. We determined
>the value that we would be willing to sell a rare
>meteorite for based on a variety of factors including:
>its initial cost to us, its rarity, aesthetics,
>uniqueness, stability, etc. For something as rare as
>this, we recognize its value and are not in a rush to
>sell it off as quickly as we can to make a quick buck
>like some. We appreciate its beauty, rarity and value.
>Since there are only around 360 grams of NWA 2679 that
>will ever be made avialable to collectors, this is one
>of the rarest irons that you will find (with the
>possible exception of NWA 2677). Assuming that we make
>all of it available, and assuming an average slice
>weighs 18 grams, there will only be 20 people on the
>planet that own any of this meteorite. It is also one
>of the most unusual, and in our opinon beautiful,
>irons that we have seen. Even John Wasson commented on
>its beauty, and he's seen them all! I hope this
>explains how we came up with the retail pricing on
>some of our rare material.
>
>I suppose another possible way to guestimate retail
>value would be by assuming a negative log-linear
>relationship between price and TAW (total available
>weight as opposed to tkw). You can generate a
>regression based on the known sales prices and TAWs
>and interpolate or extrapolate depending on where you
>meteorite's TAW lies.
>
>Cheers
>
>
>-John
>
>
>
>
>
>--- Darren Garrison <cynapse_at_charter.net> wrote:
>
>>On Thu, 10 Mar 2005 20:25:00 -0800 (PST), Arizona
>>Skies Meteorites <johnbirdsell_at_yahoo.com> wrote:
>>
>>>IAB. We are introducing this lovely new iron on
>>>
>>ebay
>>
>>>starting at 50% of its retail value. Definitly
>>>
>>worth a
>>
>>Hate to play the Devil's Advocate here (okay, no, I
>>don't hate to) but how do you determine the
>>"retail value" for a unique new item that has never
>>been sold before? Can a unique meteorite have a
>>"retail value" before someone buys some of it for
>>price "x"?
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>
>Arizona Skies Meteorites
>
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Received on Fri 11 Mar 2005 12:23:08 AM PST