I just sold one of those Seymchan spheres for $4000 two days ago on eBay, look 
it up. Larger than $16000 one sold today. I offer bargains:)
But hey, I guess theirs comes with flashy catalog and "meteorite men" 
provenance......... 

Michael Farmer 

Sent from my iPhone

On Oct 14, 2012, at 7:52 PM, Greg Hupé <[email protected]> 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 Hupé
> The Hupé Collection
> [email protected]
> 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 <[email protected]> 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 <[email protected]> 
>> 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 <[email protected]> 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 <[email protected]> 
>>>> 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
>>>>> ______________________________________________
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