[meteorite-list] Meteorite sales falling with the stock market?

From: Michael Farmer <meteoriteguy_at_meteoritecentral.com>
Date: Sun, 12 Oct 2008 20:39:36 -0700 (PDT)
Message-ID: <187401.33603.qm_at_web33104.mail.mud.yahoo.com>

Hello everyone.
My take.

Prices are up, business is way up for me, this has been my best year yet. I disagree on the planetary material, my prices have been up and sales increasing. Supply is down, rare stuff (NON-NWA) is scarce, and you are right, we are hoarding stuff. My safe is full of flats of falls, Bassikounou, Chergach, Thuathe etc, I will not sell them, just keep them for much later.
Meteorites are a better place for your money than the market! The insane collapse of the world markets prove once again that owning tangible assets always pays better than worthless paper.
Michael Farmer

--- On Sun, 10/12/08, Mike Bandli <fuzzfoot at comcast.net> wrote:

> From: Mike Bandli <fuzzfoot at comcast.net>
> Subject: Re: [meteorite-list] Meteorite sales falling with the stock market?
> To: "'al mitterling'" <almitt at kconline.com>, "'Michael L Blood'" <mlblood at cox.net>, michael_w_gilmer at yahoo.com, "'Meteorite List'" <meteorite-list at meteoritecentral.com>
> Date: Sunday, October 12, 2008, 4:24 PM
> At this point in time, my view is that the economic crisis
> has had little
> immediate effect on the meteorite market. My observation
> has been that
> historical and older witnessed falls continue to rise and
> sell quickly
> (especially from the Old-World). More and more
> rare/historical falls are
> reaching the $100+ a gram price, whereas a few years ago
> they were 'only'
> $50/g. I believe there are several reasons for this:
>
> 1. Less museums and institutions are exchanging historical
> material.
>
> 2. More historical material is being sectioned down into
> smaller pieces and
> macros making them more expensive (and larger pieces
> difficult to find).
>
> 3. I believe that more and more collectors are aspiring to
> collect
> historical falls.
>
> 4. Hard Provenance. Provenance can add exceptional value to
> a piece and more
> and more dealers are providing it pre-sale. (copies of old
> museum or
> collector labels, chain of ownership, etc.).
>
> On the other hand Dessert Finds, USA finds, and planetaries
> are cheap and
> seem to be on a small decline. I believe there are several
> reasons for this
> as well:
>
> 1. Dessert Finds: Many collectors have filled their
> type-collections making
> otherwise rare types a little less desirable. Exceptions
> would be extremely
> fresh material, new sub-types, or aesthetic pieces. Look
> how cheap CV3's
> are!
>
> 2. USA Finds: There seems to have been a flood of this
> material over the
> last few years - supply/demand. Exceptions would include
> ultra-rare irons,
> rare localities, or old labels/provenance.
>
> 3. Planetaries: I'm not entirely sure what is happening
> here, but Lunars and
> Martians could be purchased very cheap (in bulk) in Tucson.
> Perhaps supply
> has overgrown demand. $1000/g planetaries are, for now, a
> thing of the past.
> I believe that they will re-bound in several years,
> however, making them a
> smart buy now.
>
> These three groups may also suffer more as a result of the
> long-term
> economic crisis as collectors begin prioritizing their
> collections.
>
> I have been keeping a pretty close eye on this and it seems
> that eBay, for
> the most part, is not the place to sell right now. The
> upside is that eBay
> has some great bargains for buyers. As a result, I predict
> that more sellers
> will discontinue the .99 cent selling format and begin
> using fixed prices on
> eBay.
>
> I also get the sense that some dealers are hoarding and/or
> are on selling
> freezes. I haven't purchased much in the last few
> months only because there
> is little for sale that suits my collection requirements.
> It will be
> interesting to see where things are in February at Tucson.
>
> Just my opinion and personal observations... Others'
> may be different and I
> look forward to more posts on this topic.
>
> Regards,
>
> Mike Bandli
> ?
>
>
> -----Original Message-----
> From: meteorite-list-bounces at meteoritecentral.com
> [mailto:meteorite-list-bounces at meteoritecentral.com] On
> Behalf Of al
> mitterling
> Sent: Sunday, October 12, 2008 2:09 PM
> To: Michael L Blood; michael_w_gilmer at yahoo.com; Meteorite
> List
> Subject: Re: [meteorite-list] Meteorite sales falling with
> the stock market?
>
> Hi Michael, Michael, Matt and all,
>
> My sells have been very good this year even a good
> percentage over last
> years sells.
>
> --AL Mitterling
> Mitterling Meteorites
>
>
> ----- Original Message -----
> From: "Michael L Blood" <mlblood at cox.net>
> To: <michael_w_gilmer at yahoo.com>; "Meteorite
> List"
> <meteorite-list at meteoritecentral.com>
> Sent: Sunday, October 12, 2008 1:40 PM
> Subject: Re: [meteorite-list] Meteorite sales falling with
> the stock market?
>
>
> > Hi Michael and all,
> > No, you are not the only one. Aside from some
> outstanding
> > Mali specimens at rock bottom prices (pun intended),
> my sales
> > Are zero since the Democrats fiasco has begun.
> > More in the Nov. Meteorite Market Trends....
> > (howsabout others???)
> > Best wishes, Michael
> >
> > on 10/12/08 9:27 AM, Michael Gilmer at
> michael_w_gilmer at yahoo.com wrote:
> >
> >> Has anyone else noticed a steep drop in sales
> since the stock market and
> >> credit market woes began?
> >>
> >> My sales this month, so far, have bottomed out.
> It's the worst first two
> >> weeks of a month, for sales, since
> >> I started dealing meteorites in January of this
> year.
> >>
> >> At first, I thought it was just a normal
> "hiccup" in sales, which happens
>
> >> from
> >> time to time. But as my
> >> sale offers languish without a single response, I
> am now starting to
> >> wonder.
> >> Is anyone else experiencing
> >> this, or is it just me because I have a
> relatively-small customer base?
> >>
> >> Regards,
> >>
> >> MikeG
> >>
> >>
> >>
> >>
> >>
> .........................................................
> >> Michael Gilmer (Louisiana, USA)
> >> Member of the Meteoritical Society.
> >> Member of the Bayou Region Stargazers Network.
> >> Websites - http://www.galactic-stone.com and
> http://www.glassthrower.com
> >> MySpace -
> http://www.myspace.com/fine_meteorites_4_sale
> >>
> ..........................................................
> >>
> >>
> >>
> >>
> >> ______________________________________________
> >> http://www.meteoritecentral.com
> >> Meteorite-list mailing list
> >> Meteorite-list at meteoritecentral.com
> >>
> http://six.pairlist.net/mailman/listinfo/meteorite-list
> >
> > Totally Green by Twenty Eighteen!
> >
> > Info on Govnt. Spending (BEFORE current "Bail
> Out"):
> > http://www.michaelbloodmeteorites.com/GvntSpending.htm
> >
> >
> >
> >
> >
> >
> >
> > ______________________________________________
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> > Meteorite-list at meteoritecentral.com
> >
> http://six.pairlist.net/mailman/listinfo/meteorite-list
> >
> >
>
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Received on Sun 12 Oct 2008 11:39:36 PM PDT