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

From: Darryl Pitt <darryl_at_meteoritecentral.com>
Date: Mon, 12 Dec 2011 16:48:40 -0500
Message-ID: <C25BB084-6A8A-49F9-AA43-8FDF92878EA1_at_dof3.com>

Hi,

After having curated the sale of more than 1000 specimens in traditional auctions since having introduced the auction of meteorites in the mid 90s, I can tell you Mike is 100% correct. There are trends, and there are aberrations---and this is an example of the latter. That is,..for now. ;-) And please don't forget my price received on the Allende is a chunk lower than might otherwise be imagined as I also have to pay a nice chunk to the house.

d,



On Dec 12, 2011, at 4:28 PM, Galactic Stone & Ironworks wrote:

> 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
>
> --
> *************************************************
>
> Galactic Stone & Ironworks - Meteorites & Amber (Michael Gilmer)
>
> Website - http://www.galactic-stone.com
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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 04:48:40 PM PST