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

From: JASON PHILLIPS <jnbran_at_meteoritecentral.com>
Date: Mon, 13 Oct 2008 12:16:32 -0500
Message-ID: <8C12561CFE1E42F6B568CEB0E58589F9_at_AcerPC>

Hello List,
I have to agree with Mike in regards to the planetary material because they
span well beyond the meteorite collecting community and spill over into the
general public who thinks it is just cool to have a piece of the Moon or
Mars. I also feel that the grouping we are going to miss very soon is the
pallasites. We went for a few years with having several at prices that are
less per gram than a pack of gum and now there is no great abundance of them
for sale. We have really been blessed over the past several years.

Take Care,
Jason
Rocks from Heaven
www.rocksfromheaven.com



----- 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 10:39 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 at meteoritecentral.com
> >
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> >
> >
>
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Received on Mon 13 Oct 2008 01:16:32 PM PDT