[meteorite-list] Meteorite market trends - a critical note

From: mexicodoug at aim.com <mexicodoug_at_meteoritecentral.com>
Date: Tue, 25 Mar 2008 17:39:59 -0400
Message-ID: <8CA5CD7E396F416-698-B86_at_WEBMAIL-DG15.sim.aol.com>

Al M. wrote:

"It is their rarity that makes us take notice and ponder them."

Not for me Al. We all have our personal reasons for collecting. I
don't think Darren and Walter deserve any moral criticism. Also, they
were not unrealistic, as if that had any bearing. For example, would
you rather the desert meteorites have rusted away in the sands to
preserve the "market"? Let me air some of my frustrations on this
topic.

Adaptable dealers can always do well by adding value in any situation.
That's the attitude that makes a healthy 'market' IMO, not ... To
speculate with meteorites and then demand the meteorites make riskless
money for one's pleasure of holding them. The latter seems far more
unrealistic to me. That's having your cake and eating it too. You
could always factor part of the pain of of 'market' downs if that
helps, to appreciate the meteorites more.

The Automobile market having to do with 'a meteorites market' is an
alien thing I can't follow. And I don't appreciate the belittlement of
"earth rocks" (not just directed at Al) on the meteorite list. That's
almost a dig on geologists who have contributed more than any other
profession towards the meaning of meteorites. Earth rocks are part of
the miracle of the universe. Meteorites win our hearts on their
merits. A veiw of a faint fuzzy through the telescope is priceless.
That doesn't mean everyone looking at should feel better about paying
more to see it. Meteorites, like good women and perfect quartz
crystals are rare. Some guys pay through the nose to get them, yet
others are hopeful to find a way and if they do, they are happier. The
sacrifice Al describes in exchange for acquisitions does not translate
equitably. Not to mention across national boundaries and the
universally restless human spirit. Bravo Darren and Walter.
Best wishes
Doug



-----Original Message-----
From: AL Mitterling <almitt at kconline.com>
To: MeteoriteList <meteorite-list at meteoritecentral.com>
Sent: Tue, 25 Mar 2008 11:10 am
Subject: Re: [meteorite-list] Meteorite market trends - a critical note


Greetings,?
?
Sorry to see there are people out there that want the market to crash.
Not very realistic.?
?
I want the automobile market to crash so I can buy two or three high
end cars that I can't afford now. Of course if that happens then I
suspect that the stock market may crash along with that and many other
things, so effecting our economy that it would put people out of jobs
and buying cars and meteorites would be far remove from our minds and
survival from day to day would be our biggest concern. While buying
meteorites for pennies on the dollar sounds nice, in truth you might as
well wish for the collapse of our economical system. It's a nice
fantasy but I hope that specimens maintain their value so I can go on
and enjoy them and save up and buy my next one _when_ I can afford it.?
?
People will buy meteorites when they have some extra money over what
they need for every day living (well I know a true meteorite
affectionate will buy one over food :-). Meteorites aren't a necessity
but rather a intriguing scientific curiosity. Certain specimens, falls,
finds are more rare than others or have some other interest to the one
who buys the specimen and why he or she will pay a certain price for
it. They are more valuable because the scientific community unravels
their secrets for us, the collectors. Otherwise Moon rock would be just
another achondrite to be collected and a wonderment where it came from.
(which was true in the past)?
?
The market is what it is because of the competition (that is all of us
collectors, dealers, scientists and museums, etc.) who are bidding for
the various items that are on the market at this point in time. Prices
are what they are because that is simply what collectors, dealers,
scientists and museums and so forth are willing to pay.?
?
If they were as common as rocks, I think they would loose quite a bit
of their appeal for many. It is their rarity that makes us take notice
and ponder them. It is also the era we live where we are finding out so
much about their history and want to be closer to that history and
study it for ourselves by owning them. So if ninety percent of all you
guys would just stop collecting them, I'd be able to pick up all the
bargains and get the really nice specimens for my collection, so you
see, you guys are responsible for my dilemma. All my best!?
?
--AL Mitterling?
?
Darren Garrison wrote:?
?
Not me. I collect them because I want them, not because I hope to turn
a profit?
for them in the future. I'd be very happy if every class of asteroid
material?
became cheap and abundant enough that you would casually buy them by
the ton and?
have them delivered by dump truck. If that means that the money I've
already?
spent on meteorites would never be recovered, so what? I'm never going
to?
recover the multiple thousands I've dumped into computer equipment over
the?
years that is now so obsolete I'd have to pay a landfill to take them.
I want?
the meteorite market to crash, hard, so that I can pick up the
bargains.?
?
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Received on Tue 25 Mar 2008 05:39:59 PM PDT