[meteorite-list] Allende meteorite selling for around $40 a gram!!!

From: Galactic Stone & Ironworks <meteoritemike_at_meteoritecentral.com>
Date: Mon, 12 Dec 2011 16:28:30 -0500
Message-ID: <CAKBPJW9tyrbrtc_yQfxx7AL6mZtX_pMSjS-h00HLOhsoY60L+g_at_mail.gmail.com>

Hi Shawn and List,

The piece in the auction has King collection provenance, but that does
not explain the high closing price. I think this result may be an
anomaly and not indicative of a major shift in market prices.

Every now and then, these big auction houses will produce some unusual
results. On occasion, we will see valuable pieces sell for steep
discounts or fail to meet a reasonable reserve. In any case, the
marketplace as a whole rarely follows suit. If anything, eBay is a
more reliable yardstick for the market than Bonhams, and even that is
not definitive.

Consider this - the closing bid is very high, but the buyer also paid
a premium and shipping expenses. With these extra costs figured in,
the price is even more astronomical.

Best regards,

MikeG

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On 12/12/11, Shawn Alan <photophlow at yahoo.com> wrote:
> Hello Listers
>
> Now I know Allende has always had a stable value per gram which has been
> around $10 to $12 a gram depending on the market or collection it comes
> from. But now, it seems that the value has jumped up for one auction on
> a 23gram slice, selling for $1000 at the Natural History Bonhams auction
> yesterday in Lo Ang, California. So it seems Allende is making a run for its
> value and it might be smart to get your hands on some before the market
> trend follows and might have to pay a new value of around $40 a gram. The
> price you have to pay for science and space, but for everything else, there
> is MasterCard :)
>
> http://www.bonhams.com/eur/auction/19429/lot/1097/
>
> Shawn Alan
> IMCA 1633
> eBay story
> http://www.ebay.com/sch/ph0t0phl0w/m.html
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Received on Mon 12 Dec 2011 04:28:30 PM PST