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

From: Greg Hupe <gmhupe_at_meteoritecentral.com>
Date: Mon, 13 Oct 2008 00:04:17 -0400
Message-ID: <719DD867BDD74D438AF8C578B087BA83_at_Gregor>

Hello All,

As a very silent member used to say, "The Market is in ruin!" Personally, I
strongly disagree. ;-)

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: "John.L.Cabassi" <John at Cabassi.net>
To: <meteorite-list at meteoritecentral.com>
Sent: Sunday, October 12, 2008 11:59 PM
Subject: Re: [meteorite-list] Meteorite sales falling with the stock market?


> G'Day List
> It is interesting what Mike has to say. I for one, am not a dealer, but a
> collector and I try to pick up larger specimens, they have become fewer
> and fewer. I'm not interested in the smaller micro / macro pieces, but
> more on the substantial side as long as the price is within reason. I
> don't want anything for free, but I don't want to be ripped off. So I'm
> very cautious at what I choose and at the moment with the present
> situation with the economy, I have to be extra cautious. My trust in paper
> money is becoming less and less.
>
> Cheers
> Johnno
>
> ----- Original Message -----
> From: "Michael Farmer" <meteoriteguy at yahoo.com>
> 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>; "Mike Bandli"
> <fuzzfoot at comcast.net>
> Sent: Sunday, October 12, 2008 8:39 PM
> Subject: Re: [meteorite-list] Meteorite sales falling with the stock
> market?
>
>
>
> 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 mailing list
>> > Meteorite-list at meteoritecentral.com
>> >
>> http://six.pairlist.net/mailman/listinfo/meteorite-list
>> >
>> >
>>
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Received on Mon 13 Oct 2008 12:04:17 AM PDT