[meteorite-list] Lunar meteorites selling for peanuts

From: Count Deiro <countdeiro_at_meteoritecentral.com>
Date: Sat, 30 May 2015 21:56:57 -0700 (GMT-07:00)
Message-ID: <15279382.1433048218067.JavaMail.root_at_wamui-haziran.atl.sa.earthlink.net>

Well put, Adam.

For years, I owned and operated a company that sold at auction the whole gamut of collectibles. You nailed it in your dissertation on the ebb and flow of values and how they are affected by our everchanging culture. I remember when big brass autos of the early 20th. Century brought hundreds of thousands of dollars. Now they are boat anchors.

Guido

-----Original Message-----
>From: Raremeteorites via Meteorite-list <meteorite-list at meteoritecentral.com>
>Sent: May 29, 2015 5:00 PM
>To: meteorite-list at meteoritecentral.com
>Subject: Re: [meteorite-list] Lunar meteorites selling for peanuts
>
>It not just the lower end of the planetaries being hit; it is widespread.
>Meteorite prices in general have been falling steadily for years due mainly
>to increased supply but have been hit particularly hard since 2008. Falls
>like Peekskill, Claxton and others can now be had for a fraction of the
>price they were once going for. Collectors are becoming more patient
>knowing that the price of a new fall will drop significantly when all the
>hype and newness wears off. Collectors have a lot to choose from as far as
>Martian, Lunar and other rare meteorites go. Like most collectables at the
>top tier, high end Lunar specimens are holding their price and putting
>downward price pressure on other less than pristine Lunar meteorites.
>Buyers determine the long-term price, not dealers, especially in a very thin
>market!
>
>Other collectables like artifacts, fossils, minerals and art have held their
>price or made gains on the extreme high end only. The middle class that
>used to create the demand for most collectables has been pinched hard or
>eliminated leaving very little wiggle room in their wallets for luxuries
>like collectables. They are now way more discerning about how they spend
>their hard earned cash than ever before. The saying in collectables is "buy
>what you can afford at the high end." This is because it is a well-known
>fact that top tier collectables will always outperform all others.
>
>Be glad you are not into antiques or baseball cards. It seems the younger
>crowd is not interested in anything other than the latest gadgets these days
>and could care less about collectables with the exception of their daddy's
>1960's muscle car which they hope to one day inherit since they cannot
>possibly afford one of their own.
>
>Happy Hunting,
>
>Adam
>
>----- Original Message -----
>From: "Galactic Stone & Ironworks via Meteorite-list"
><meteorite-list at meteoritecentral.com>
>To: "Shawn Alan" <shawnalan at meteoritefalls.com>
>Cc: "Meteorite Central" <meteorite-list at meteoritecentral.com>
>Sent: Friday, May 29, 2015 2:13 PM
>Subject: Re: [meteorite-list] Lunar meteorites selling for peanuts
>
>
>> Hi Shawn,
>>
>> I think most of what we are seeing is supply and demand at work. As
>> time goes on, more and more planetaries are coming out of the hot
>> deserts, especially the NWA DCA. In recent months, we have seen over
>> a dozen new planetaries (including several lunars) that have been
>> approved in the Met Bulletin.
>>
>> New collectors are coming in to the hobby on a regular basis, but the
>> supply of planetaries available to these collectors has stayed steady
>> or increased. Old offerings are absorbed into collections and vanish
>> from the open market, but they are replaced with numerous new
>> offerings that are being sold by an ever-increasing number of dealers.
>>
>> In the past, the majority of planetaries were held by a
>> relatively-small group of veteran dealers. Now, there are many
>> middle/moderate-size dealers who are offering lunars and Martians.
>>
>> In order to be competitive, dealers need to better control the
>> supply/market (not likely) or lower prices to attract buyers to these
>> new planetaries - many of which are not that remarkable in comparison
>> to previous offerings. For every new Nakhlite or Black Beauty, there
>> are a dozen "new" (sometimes unpaired) shergottites hitting the
>> market.
>>
>> I won't mention names, but there are a couple of big collector/dealers
>> who are buying up multiple planetary masses in recent years and the
>> majority of that material does not appear to have hit the open market
>> yet. If that material is ever released into the market, it would
>> depress the asking prices even further.
>>
>> Best regards,
>>
>> MikeG
>> --
>> -------------------------------------------------------------
>> Web - http://www.galactic-stone.com
>> Facebook - http://www.facebook.com/galacticstone
>> Twitter - http://twitter.com/galacticstone
>> Pinterest - http://pinterest.com/galacticstone
>> -------------------------------------------------------------
>>
>>
>>
>>
>> On 5/29/15, Shawn Alan via Meteorite-list
>> <meteorite-list at meteoritecentral.com> wrote:
>>> Hello Listers
>>>
>>> I am starting to see a trend with Lunar and Martian meteorites, but
>>> especial with Lunar's. Some can be had for $300 per gram or less, or
>>> some times on ebay you can get a steal on some of the 1g plus sizes for
>>> less then $400 a gram. But again at the sub gram leave the price is
>>> still in the high $500 to $800 per gram which is expected at that size.
>>>
>>> My question is, is there new product on the market or has planataries
>>> shifted in value?
>>>
>>> Shawn Alan
>>> IMCA 1633
>>> ebay store http://www.ebay.com/sch/imca1633ny/m.html
>>> Website http://meteoritefalls.com
>>>
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>
>
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Received on Sun 31 May 2015 12:56:57 AM PDT