[meteorite-list] Heritage auction

From: Patrick Thompson <patricksterlingthompson_at_meteoritecentral.com>
Date: Sun, 14 Oct 2012 19:05:14 -0700
Message-ID: <925484EE-71C7-463C-BC30-9C335E55D0DD_at_gmail.com>

I agree 100%

Sent from a handheld, so please excuse terseness and typos.

On Oct 14, 2012, at 6:52 PM, Greg Hup? <gmhupe at centurylink.net> wrote:

> I LOVE these high profile auctions as they illustrate just how great
> of a deal us real 'every day' meteorite dealers are offering our
> material for. NO seller premiums, NO hype... Just good old-fashioned
> deals for collectors who work hard for their purchases!!
>
> Best Regards,
> Greg
>
> ====================
> Greg Hup?
> The Hup? Collection
> gmhupe at centurylink.net
> www.LunarRock.com
> NaturesVault (eBay & Facebook)
> http://www.facebook.com/NaturesVault
> IMCA 3163
> ====================
> Click here for my current eBay auctions:
> http://search.ebay.com/_W0QQsassZnaturesvault
>
>
>
> -----Original Message----- From: Michael Farmer
> Sent: Sunday, October 14, 2012 9:39 PM
> To: Yinan Wang
> Cc: Adam
> Subject: Re: [meteorite-list] Heritage auction
>
> 25% buyers premium is highest I have ever seen, I wanted to bid on
> several items but calculating that extra 25% killed it for me.
> Michael Farmer
>
> Sent from my iPhone
>
> On Oct 14, 2012, at 7:33 PM, Yinan Wang <veomega at gmail.com> wrote:
>
>> No one forced anyone to participate.
>>
>> If something didn't sell, chances are it's because it had a high
>> reserve set by the seller. When you set a high reserve, you run the
>> risk of having no buyers, just like in any market.
>>
>> I'd say a photo fee and shipping is a low price to pay for a chance
>> to
>> sell something to a large audience for several times what its worth.
>>
>> -Yinan
>>
>> On Sun, Oct 14, 2012 at 9:23 PM, Michael Farmer <mike at meteoriteguy.com
>> > wrote:
>>> It is a train wreck for the suppliers who had to pay to put the
>>> items in, ship them from Europe and elsewhere, and pay to ship
>>> them back!
>>> Michael Farmer
>>>
>>> Sent from my iPhone
>>>
>>> On Oct 14, 2012, at 7:21 PM, Yinan Wang <veomega at gmail.com> wrote:
>>>
>>>> No offense intended, but how do you interpret this auction as a
>>>> train wreck?
>>>>
>>>> Having worked in the natural history auction industry, this was a
>>>> very
>>>> good auction for everything except the high priced pieces. From
>>>> what I
>>>> observed, the sell-through rate was probably over 80%, which is
>>>> great
>>>> for a natural history auction. Many of the lower and middle ranged
>>>> items went for 3-10 times the market price.
>>>>
>>>> High priced meteorites in general don't seem to sell often at
>>>> auction.
>>>> For example, the Willamette was very well marketed last year but
>>>> did
>>>> not sell at $650,000. Looking at past auctions, it seems $90,000
>>>> to be
>>>> the top price for a meteorite sold at auction in the past few
>>>> years,
>>>> at least with this auction house.
>>>>
>>>> Personally I think the market for extreme high end meteorites may
>>>> not
>>>> be well established in auction houses yet. Yes, someone will (and
>>>> has)
>>>> shell out up to 2 million for a dinosaur at auction but won't do
>>>> the
>>>> same for a meteorite.
>>>>
>>>> -Yinan
>>>>
>>>>
>>>>
>>>> On Sun, Oct 14, 2012 at 9:08 PM, Adam Hupe <raremeteorites at yahoo.com
>>>> > wrote:
>>>>> I think the timing of this auction during the middle of a
>>>>> political campaign might account for the train wreck witnessed
>>>>> today or the economy is worse off then anybody could imagine.
>>>>> Prices were all over the place, some excellent, some poor but
>>>>> not a single item exceeded $50,000.00 even with the huge buyer's
>>>>> premium in place. A few of my friends watched parts of this
>>>>> auction on CNN and thought many of the descriptions should have
>>>>> been based on the importance of the items instead of comparing
>>>>> them to famous artwork.
>>>>>
>>>>> All of the big auction houses are struggling right now from what
>>>>> I have read. Hopefully things will settle back down after the
>>>>> election.
>>>>>
>>>>> Best Regards,
>>>>>
>>>>>
>>>>> Adam
>>>>> ______________________________________________
>>>>>
>>>>> Visit the Archives at http://www.meteoritecentral.com/mailing-list-archives.html
>>>>> Meteorite-list mailing list
>>>>> Meteorite-list at meteoritecentral.com
>>>>> http://six.pairlist.net/mailman/listinfo/meteorite-list
>>>> ______________________________________________
>>>>
>>>> Visit the Archives at http://www.meteoritecentral.com/mailing-list-archives.html
>>>> Meteorite-list mailing list
>>>> Meteorite-list at meteoritecentral.com
>>>> http://six.pairlist.net/mailman/listinfo/meteorite-list
> ______________________________________________
>
> Visit the Archives at http://www.meteoritecentral.com/mailing-list-archives.html
> Meteorite-list mailing list
> Meteorite-list at meteoritecentral.com
> http://six.pairlist.net/mailman/listinfo/meteorite-list
> ______________________________________________
>
> Visit the Archives at http://www.meteoritecentral.com/mailing-list-archives.html
> Meteorite-list mailing list
> Meteorite-list at meteoritecentral.com
> http://six.pairlist.net/mailman/listinfo/meteorite-list
Received on Sun 14 Oct 2012 10:05:14 PM PDT