From: Mike Bandli <[EMAIL PROTECTED]>
Subject: Re: [meteorite-list] Meteorite sales falling with the stock
market?
To: "'al mitterling'" <[EMAIL PROTECTED]>, "'Michael L Blood'"
<[EMAIL PROTECTED]>, [EMAIL PROTECTED], "'Meteorite List'"
<[email protected]>
Date: Sunday, October 12, 2008, 4:24 PM
At this point in time, my view is that the economic crisis
has had little
immediate effect on the meteorite market. My observation
has been that
historical and older witnessed falls continue to rise and
sell quickly
(especially from the Old-World). More and more
rare/historical falls are
reaching the $100+ a gram price, whereas a few years ago
they were 'only'
$50/g. I believe there are several reasons for this:
1. Less museums and institutions are exchanging historical
material.
2. More historical material is being sectioned down into
smaller pieces and
macros making them more expensive (and larger pieces
difficult to find).
3. I believe that more and more collectors are aspiring to
collect
historical falls.
4. Hard Provenance. Provenance can add exceptional value to
a piece and more
and more dealers are providing it pre-sale. (copies of old
museum or
collector labels, chain of ownership, etc.).
On the other hand Dessert Finds, USA finds, and planetaries
are cheap and
seem to be on a small decline. I believe there are several
reasons for this
as well:
1. Dessert Finds: Many collectors have filled their
type-collections making
otherwise rare types a little less desirable. Exceptions
would be extremely
fresh material, new sub-types, or aesthetic pieces. Look
how cheap CV3's
are!
2. USA Finds: There seems to have been a flood of this
material over the
last few years - supply/demand. Exceptions would include
ultra-rare irons,
rare localities, or old labels/provenance.
3. Planetaries: I'm not entirely sure what is happening
here, but Lunars and
Martians could be purchased very cheap (in bulk) in Tucson.
Perhaps supply
has overgrown demand. $1000/g planetaries are, for now, a
thing of the past.
I believe that they will re-bound in several years,
however, making them a
smart buy now.
These three groups may also suffer more as a result of the
long-term
economic crisis as collectors begin prioritizing their
collections.
I have been keeping a pretty close eye on this and it seems
that eBay, for
the most part, is not the place to sell right now. The
upside is that eBay
has some great bargains for buyers. As a result, I predict
that more sellers
will discontinue the .99 cent selling format and begin
using fixed prices on
eBay.
I also get the sense that some dealers are hoarding and/or
are on selling
freezes. I haven't purchased much in the last few
months only because there
is little for sale that suits my collection requirements.
It will be
interesting to see where things are in February at Tucson.
Just my opinion and personal observations... Others'
may be different and I
look forward to more posts on this topic.
Regards,
Mike Bandli
-----Original Message-----
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED] On
Behalf Of al
mitterling
Sent: Sunday, October 12, 2008 2:09 PM
To: Michael L Blood; [EMAIL PROTECTED]; Meteorite
List
Subject: Re: [meteorite-list] Meteorite sales falling with
the stock market?
Hi Michael, Michael, Matt and all,
My sells have been very good this year even a good
percentage over last
years sells.
--AL Mitterling
Mitterling Meteorites
----- Original Message -----
From: "Michael L Blood" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>; "Meteorite
List"
<[email protected]>
Sent: Sunday, October 12, 2008 1:40 PM
Subject: Re: [meteorite-list] Meteorite sales falling with
the stock market?
> Hi Michael and all,
> No, you are not the only one. Aside from some
outstanding
> Mali specimens at rock bottom prices (pun intended),
my sales
> Are zero since the Democrats fiasco has begun.
> More in the Nov. Meteorite Market Trends....
> (howsabout others???)
> Best wishes, Michael
>
> on 10/12/08 9:27 AM, Michael Gilmer at
[EMAIL PROTECTED] wrote:
>
>> Has anyone else noticed a steep drop in sales
since the stock market and
>> credit market woes began?
>>
>> My sales this month, so far, have bottomed out.
It's the worst first two
>> weeks of a month, for sales, since
>> I started dealing meteorites in January of this
year.
>>
>> At first, I thought it was just a normal
"hiccup" in sales, which happens
>> from
>> time to time. But as my
>> sale offers languish without a single response, I
am now starting to
>> wonder.
>> Is anyone else experiencing
>> this, or is it just me because I have a
relatively-small customer base?
>>
>> Regards,
>>
>> MikeG
>>
>>
>>
>>
>>
.........................................................
>> Michael Gilmer (Louisiana, USA)
>> Member of the Meteoritical Society.
>> Member of the Bayou Region Stargazers Network.
>> Websites - http://www.galactic-stone.com and
http://www.glassthrower.com
>> MySpace -
http://www.myspace.com/fine_meteorites_4_sale
>>
..........................................................
>>
>>
>>
>>
>> ______________________________________________
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>> [email protected]
>>
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>
> Totally Green by Twenty Eighteen!
>
> Info on Govnt. Spending (BEFORE current "Bail
Out"):
> http://www.michaelbloodmeteorites.com/GvntSpending.htm
>
>
>
>
>
>
>
> ______________________________________________
> http://www.meteoritecentral.com
> Meteorite-list mailing list
> [email protected]
>
http://six.pairlist.net/mailman/listinfo/meteorite-list
>
>
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