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

From: Greg Hupe <gmhupe_at_meteoritecentral.com>
Date: Wed, 26 Mar 2008 15:07:07 -0400
Message-ID: <028201c88f74$97529850$0200a8c0_at_Gregor>

Hi Sterling,

Does something like this come to mind:
http://www.lunarrock.com/BobHaag/BobHaag.jpg

Best regards,
Greg

====================
Greg Hupe
The Hupe Collection
NaturesVault (eBay)
gmhupe at htn.net
www.LunarRock.com
IMCA 3163
====================
Click here for my current eBay auctions:
http://search.ebay.com/_W0QQsassZnaturesvault



----- Original Message -----
From: "Sterling K. Webb" <sterling_k_webb at sbcglobal.net>
To: "AL Mitterling" <almitt at kconline.com>;
<meteorite-list at meteoritecentral.com>
Sent: Wednesday, March 26, 2008 2:33 PM
Subject: Re: [meteorite-list] Meteorite market trends - a critical note


> Al wrote:
>> "...meteorites by the truck load. (How much would it
>> cost to go to an asteroid and harvest a truck load, or
>> tons and bring it back, it may be that meteorites are a
>> whole lot cheaper than we think!!"
>
> For any object smaller than a kilometer or so, it's likely
> more cost effective just to move the asteroid to Earth-Moon
> space, in orbit around one or the other. I suspect lunar orbit
> would be the preferred option as folks get nervous about
> asteroids headed toward Earth.
>
> Of course, it'll be a mining claim, but souvenirs are always
> good publicity.
>
>
> Sterling K. Webb
> ---------------------------------------------------------------------------
> ----- Original Message -----
> From: "AL Mitterling" <almitt at kconline.com>
> To: <meteorite-list at meteoritecentral.com>
> Sent: Wednesday, March 26, 2008 12:02 PM
> Subject: Re: [meteorite-list] Meteorite market trends - a critical note
>
>
> Hi Doug and all,
>
> Doug, I didn't know that I was giving Darren and Walter moral criticism.
> You seem to be speaking or interpreting for me in a way that my message
> wasn't meant. I don't blame Darren for wanting cheap specimens and he is
> certainly entitled to wish for what he wants but I see it as a
> unrealistic and it is at this time. I simply disagree with with him. The
> _market_ determines the price along with many factors. Posting messages
> here on the list it seems someone will always twist things around in
> ways you never thought they could. Seems like you have to think of every
> scenario and qualify your post with far more words than you should, so
> as not to be misunderstood. Is that even possible?? It is also a part of
> the fun.
>
> I am very glad that the NWA's came along and I have many fine examples
> in my own collection. Any specimen that is found and documented is a
> good thing and provides new interesting specimens. Because of these
> specimens many people can collect nice pieces at very low prices. Trades
> brought about other historic specimens that hadn't been seen on the
> market for sometime. I am sure that some people want NWA's even cheaper
> than they can buy them in the past and now. I personally want everyone
> who desires to own a meteorite, the ability to own one and at little
> cost as possible. There are specimens that will always have more people
> wanting them, than there is material and the price of those will always
> be higher. Some people won't even spend a dollar at the shows I do to
> buy a meteorite and I personally think if they won't spend the money
> then they deserve none. Some exceptions are to the many kids I have
> given a space rocks to because they showed me a genuine interest and
> earned the specimen.
>
> I'll walk you through my thoughts on what I was trying to say. Darren,
> wants to be able to buy meteorites by the truck load. I compared that to
> my desire to be able to buy automobiles cheaper than they are now as an
> example. Nothing wrong with that in either respect, except I don't think
> either is realistic based on the efforts of car makers to make cars,
> materials, labor, parts, energy, buildings and all efforts to build the
> item and so forth. I may want the car of my desire for 10 cents on the
> dollar but because there will be millions of other people who will offer
> more than the 10 cents on the dollar, I don't have a chance to buy at
> that price. Because there are hundreds of others who will pay more for a
> meteorite means that Darren is going to have to wait a long time to buy
> meteorites by the truck load. (How much would it cost to go to an
> asteroid and harvest a truck load, or tons and bring it back, it may be
> that meteorites are a whole lot cheaper than we think!! Not to mention
> you get a truck load of virtually the same thing unless you did deep for
> more metamorphosed types or make multipal stops. Who would be paying for
> the asteroid collector's time effort and labor??)
>
> Meteorites are an investment. Just like a car is an investment in
> transportation. Most people buying them for what they represent and I
> doubt are worried too much about loosing a little or gaining a little.
> We are the current caretakers of these rocks which will/should outlast
> us (as long as someone doesn't atomize them) and will past into hands of
> others in the future. I think it would be real nice and realistic to see
> most of my time, effort and money out of what I own when it comes time
> to part with them. It use to be common that you could see about an five
> to ten percent increase in the value of your specimens per year prior to
> the NWA Meteorite Rush. Do I think people should invest in them solely
> for profit, not at all. I think you should collect if you are interested
> in what they are and what they represent.
>
> Doug, I am not saying you should feel good about spending more money on
> meteorites. I am saying you will pay what they are worth or figure a way
> to acquire them but in reality you will pay what they are worth in time,
> money, and effort, unless you have some system that I don't know about.
>
> Meteorites by the truck loads sounds good but it is fantasy, wishing for
> the market to crash is wishing for a bad economy in my opinion and I am
> glad to earn the specimens I spend my money on and stimulate the economy
> so others can live. It's what makes the world go around. There will
> always be people who want something for less (or nothing) but you got to
> jump on the merry go round if you want a ride. I'd be more than glad to
> address other misunderstandings you have about my feelings on the
> meteorite market Doug, just go ahead and ask.
>
> --AL Mitterling
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Received on Wed 26 Mar 2008 03:07:07 PM PDT