[meteorite-list] Trends with WI Fall and alike for July

From: Galactic Stone & Ironworks <meteoritemike_at_meteoritecentral.com>
Date: Thu, 1 Jul 2010 11:22:12 -0400
Message-ID: <AANLkTiluQ144MQFY-uVbAY8SaKhjbrsiPCYceYhPi9oO_at_mail.gmail.com>

"That never made much sense to me. I suppose it might be the influx of
new collectors, but...even so. I have the feeling that it really does
have to do with the fact that more smaller-time dealer/collectors have
been going out for each fall, finding fewer stones per person. Then,
when they get home looking to recoup enough to cover their trips'
expenses, they want to sell only a stone or two to cover their costs.
In the old days, fewer people would travel out to recover new falls,
and they would return with more material, fully prepared to sell
nearly all of it. They would have more material to cover the same
expenses/turn a profit."

This makes sense. We are seeing the tenets of capitalism at work
here, amongst other things. We cannot have our cake and eat it too.

Best regards,

MikeG

On 7/1/10, Jason Utas <meteoritekid at gmail.com> wrote:
> The tkw and number of stones recovered from WI are significantly
> smaller than those of Ash Creek, so prices are likely to stay fairly
> high, but...it's a fall like any other, so the price will likely
> deflate once the typical frenzy fades.
>
> I'm still trying to figure out why the price jump occurred, when the
> price for a new American fall went from $10/g in the mid-to-late 90's
> -- to $20-60/g for Park Forest -- to Ash Creek at $100/g.
>
> That never made much sense to me. I suppose it might be the influx of
> new collectors, but...even so. I have the feeling that it really does
> have to do with the fact that more smaller-time dealer/collectors have
> been going out for each fall, finding fewer stones per person. Then,
> when they get home looking to recoup enough to cover their trips'
> expenses, they want to sell only a stone or two to cover their costs.
> In the old days, fewer people would travel out to recover new falls,
> and they would return with more material, fully prepared to sell
> nearly all of it. They would have more material to cover the same
> expenses/turn a profit.
>
> Either way, the fallback price for these larger falls seems to settle
> at around $20/g, but I would still anticipate higher prices for
> meteorites like WI and Whetstone, where relatively few stones have
> been found and the tkw's have remained in the 3-4 kilogram range.
>
> Compare to Villalbeto de la Pe?a.
>
> Regards,
> Jason
>
>
> On Thu, Jul 1, 2010 at 7:28 AM, <mail at mhmeteorites.com> wrote:
>> I don't see any difference between WI and Ash Creek. Ash Creek was over
>> 100/g right after the fall, and can now be had for 20/g. The laws of
>> economics never change.
>> Matt
>> ------------------------
>> Matt Morgan
>> Mile High Meteorites
>> http://www.mhmeteorites.com
>> P.O. Box 151293
>> Lakewood, CO 80215
>>
>> -----Original Message-----
>> From: "Galactic Stone & Ironworks" <meteoritemike at gmail.com>
>> Sender: meteorite-list-bounces at meteoritecentral.com
>> Date: Thu, 1 Jul 2010 10:25:34
>> To: Shawn Alan<photophlow at yahoo.com>
>> Cc: <meteorite-list at meteoritecentral.com>
>> Subject: Re: [meteorite-list] Trends with WI Fall and alike for July
>>
>> Hi Shawn and List,
>>
>> Perhaps I am off-base here, but I think we are witnessing (in part) a
>> dynamic of collecting meteorites.
>>
>> New collectors are steadily entering this field/hobby and those who
>> stay will mature and learn. Their knowledge of meteoritics,
>> collecting, and the market will increase with their experience. What
>> we saw with Ash Creek is different than what we are seeing now with
>> Wisconsin because the greater collector market is maturing. Perhaps
>> now we are in-between the influx crowds of newbies and the majority of
>> current collectors are becoming more savvy in their purchases. One of
>> the first lessons about falls that newbies learn is patience. It's
>> the same with most things - the first person on the block to have a
>> thing, pays much more for that thing. So the rest of the people sit
>> back and wait for the price to come down - which it usually does.
>> Those who wanted to be the first on the block to own Wisconsin now
>> have it, and now the rest of us are waiting to get a better price.
>> The new and inexperienced will rush out to pay top dollar for a common
>> chondrite because it is exciting to them, regardless of the petrologic
>> type or circumstances of the fall. Perhaps the "Class of Ash Creek"
>> has graduated and now we are seeing the benefits of patience, rational
>> assessment, and experience.
>>
>> Of course, this could change in a moment when the second season of
>> Meteorite Men starts and a new flock of eager beginners discovers
>> meteorites. Or when the next brilliant fireball goes viral on
>> YouTube.
>>
>> I still don't own a sizeable specimen of Ash Creek, Whetstone
>> Mountains, Daule, or Wisconsin and I won't until the right price comes
>> along. Those falls just don't fit into my collecting scheme - because
>> they are ordinary chondrites that fell under ordinary circumstances
>> (for the most part). Despite the marketing hype, there is little
>> special about any of them beyond the significance the buyer attaches
>> to them. Do any of the above have the makings of a truly "historical"
>> fall - maybe, maybe not. Are they rare types? No. I'm not trying to
>> downplay any of these falls, but I think few would argue that these
>> falls were well worth the prices they were introduced at.
>>
>> Best regards,
>>
>> MikeG
>>
>> On 7/1/10, Shawn Alan <photophlow at yahoo.com> wrote:
>>> Hello Listers,
>>>
>>> I have noticed with the Livingston WI meteorite Fall in April that the
>>> prices were at a good high, well over $100 a gram for the first month
>>> being
>>> sold on eBay and alike. And then a rush happened over night with a few
>>> sellers on eBay and the meteorite market and it was mayhem. However, in
>>> the
>>> past few weeks I have noticed prices dropping low, and I mean low.
>>> Tonight
>>> on eBay a WI slice weighing at 3.8 sold at $78 and another slice at 9.66g
>>> sold at $285.
>>>
>>> With other recent falls they tend to stay high for the first year from
>>> what
>>> I have seen with sales and research, but with the WI fall this isn't the
>>> case. I am left to wondering why is it with this fall that it had a great
>>> led in sales in the first month and dropped so low in less then 2 months,
>>> not to mention the lack of WI meteorites found in the field? Is it that
>>> majority of the WI fall meteorites are being sold at a recorded high
>>> weight,
>>> dealers selling the big boys all at once?
>>>
>>> I see that this coming month that sales with historic falls will keep
>>> going
>>> up and the exchange of rare and special meteorite falls will be revisited
>>> for the fact of the rich history they command in the market and with
>>> collectors alike. Also not to mention, the new NWAs that keep popping up
>>> will bring a new twist to the collecting world. All I can say is history
>>> repeats its self and history can out weigh anything through and through
>>> again while trends come and go. Hold on and lets see what July brings for
>>> the hot summer month to cool our needs for meteorites.
>>>
>>> Shawn Alan
>>> IMCA 1633
>>> eBaystore
>>> http://shop.ebay.com/photophlow/m.html?_nkw=&_armrs=1&_from=&_ipg=&_trksid=p4340
>>> ______________________________________________
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>>
>>
>> --
>> ------------------------------------------------------------
>> Mike Gilmer - Galactic Stone & Ironworks Meteorites
>> http://www.galactic-stone.com
>> http://www.facebook.com/galacticstone
>> ------------------------------------------------------------
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-- 
------------------------------------------------------------
Mike Gilmer - Galactic Stone & Ironworks Meteorites
http://www.galactic-stone.com
http://www.facebook.com/galacticstone
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Received on Thu 01 Jul 2010 11:22:12 AM PDT