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

From: Graham Ensor <graham.ensor_at_meteoritecentral.com>
Date: Mon, 12 Dec 2011 21:56:52 +0000
Message-ID: <CAJkn+kZk8My-vnoCc6kHDTT0PPHpkq4srhZmGxqoiWVxfZPYtg_at_mail.gmail.com>

In my experience at the big public auctions the smaller exotic items
nearly always seem to go for lot more than the market
price...especially Lunar meteorites. The only good deals are usually
the larger museum quality pieces if you are lucky enough to find one
without a high reserve and have deep pockets.

Graham, UK

On Mon, Dec 12, 2011 at 9:28 PM, Galactic Stone & Ironworks
<meteoritemike at gmail.com> 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)
>
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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 04:56:52 PM PST