[meteorite-list] Meteorite sales falling with the stock market?

[John.L.Cabassi]

G'Day List
It is interesting what Mike has to say. I for one, am not a dealer, but a 
collector and I try to pick up larger specimens, they have become fewer and 
fewer. I'm not interested in the smaller micro / macro pieces, but more on 
the substantial side as long as the price is within reason. I don't want 
anything for free, but I don't want to be ripped off. So I'm very cautious 
at what I choose and at the moment with the present situation with the 
economy, I have to be extra cautious. My trust in paper money is becoming 
less and less.

Cheers
Johnno

----- Original Message ----- 
From: "Michael Farmer" <meteoriteguy at yahoo.com>
To: "'al mitterling'" <almitt at kconline.com>; "'Michael L Blood'" 
<mlblood at cox.net>; <michael_w_gilmer at yahoo.com>; "'Meteorite List'" 
<meteorite-list at meteoritecentral.com>; "Mike Bandli" <fuzzfoot at comcast.net>
Sent: Sunday, October 12, 2008 8:39 PM
Subject: Re: [meteorite-list] Meteorite sales falling with the stock market?



Hello everyone.
My take.

Prices are up, business is way up for me, this has been my best year yet. I 
disagree on the planetary material, my prices have been up and sales 
increasing. Supply is down, rare stuff  (NON-NWA) is scarce, and you are 
right, we are hoarding stuff. My safe is full of flats of falls, 
Bassikounou, Chergach, Thuathe etc, I will not sell them, just keep them for 
much later.
Meteorites are a better place for your money than the market! The insane 
collapse of the world markets prove once again that owning tangible assets 
always pays better than worthless paper.
Michael Farmer

--- On Sun, 10/12/08, Mike Bandli <fuzzfoot at comcast.net> wrote:


> From: Mike Bandli <fuzzfoot at comcast.net>

> Subject: Re: [meteorite-list] Meteorite sales falling with the stock 

> market?

> To: "'al mitterling'" <almitt at kconline.com>, "'Michael L Blood'" 

> <mlblood at cox.net>, michael_w_gilmer at yahoo.com, "'Meteorite List'" 

> <meteorite-list at meteoritecentral.com>

> 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: meteorite-list-bounces at meteoritecentral.com

> [mailto:meteorite-list-bounces at meteoritecentral.com] On

> Behalf Of al

> mitterling

> Sent: Sunday, October 12, 2008 2:09 PM

> To: Michael L Blood; michael_w_gilmer at yahoo.com; 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" <mlblood at cox.net>

> To: <michael_w_gilmer at yahoo.com>; "Meteorite

> List"

> <meteorite-list at meteoritecentral.com>

> 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

> michael_w_gilmer at yahoo.com 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

> >>

> ..........................................................

> >>

> >>

> >>

> >>

> >> ______________________________________________

> >> http://www.meteoritecentral.com

> >> Meteorite-list mailing list

> >> Meteorite-list at meteoritecentral.com

> >>

> http://six.pairlist.net/mailman/listinfo/meteorite-list

> >

> > 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

> > Meteorite-list at meteoritecentral.com

> >

> http://six.pairlist.net/mailman/listinfo/meteorite-list

> >

> >

>

> ______________________________________________

> http://www.meteoritecentral.com

> Meteorite-list mailing list

> Meteorite-list at meteoritecentral.com

> http://six.pairlist.net/mailman/listinfo/meteorite-list

>

>

> ______________________________________________

> http://www.meteoritecentral.com

> Meteorite-list mailing list

> Meteorite-list at meteoritecentral.com

> http://six.pairlist.net/mailman/listinfo/meteorite-list

______________________________________________
http://www.meteoritecentral.com
Meteorite-list mailing list
Meteorite-list at meteoritecentral.com
http://six.pairlist.net/mailman/listinfo/meteorite-list