[meteorite-list] Allende meteorite selling for around $40 a gram!!!

[Darryl Pitt]

Hi, 

After having curated the sale of more than 1000 specimens in traditional auctions since having introduced the auction of meteorites in the mid 90s, I can tell you Mike is 100% correct.  There are trends, and there are aberrations---and this is an example of the latter.  That is,..for now.   ;-)    And please don't forget my price received on the Allende is a chunk lower than might otherwise be imagined as I also have to pay a nice chunk to the house. 

d,



On Dec 12, 2011, at 4:28 PM, Galactic Stone & Ironworks wrote:

> Hi Shawn and List,
> 
> The piece in the auction has King collection provenance, but that does
> not explain the high closing price.  I think this result may be an
> anomaly and not indicative of a major shift in market prices.
> 
> Every now and then, these big auction houses will produce some unusual
> results.  On occasion, we will see valuable pieces sell for steep
> discounts or fail to meet a reasonable reserve.  In any case, the
> marketplace as a whole rarely follows suit.  If anything, eBay is a
> more reliable yardstick for the market than Bonhams, and even that is
> not definitive.
> 
> Consider this - the closing bid is very high, but the buyer also paid
> a premium and shipping expenses.  With these extra costs figured in,
> the price is even more astronomical.
> 
> Best regards,
> 
> MikeG
> 
> -- 
> *************************************************
> 
> Galactic Stone & Ironworks - Meteorites & Amber (Michael Gilmer)
> 
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> 
> On 12/12/11, Shawn Alan <photophlow at yahoo.com> wrote:
>> Hello Listers
>> 
>> Now I know Allende has always had a stable value per gram which has been
>> around $10 to $12 a gram depending on the market or collection it comes
>> from. But now, it seems that the value has jumped up for one auction on
>> a 23gram slice, selling for $1000 at the Natural History Bonhams auction
>> yesterday in Lo Ang, California. So it seems Allende is making a run for its
>> value and it might be smart to get your hands on some before the market
>> trend follows and might have to pay a new value of around $40 a gram. The
>> price you have to pay for science and space, but for everything else, there
>> is MasterCard :)
>> 
>> http://www.bonhams.com/eur/auction/19429/lot/1097/
>> 
>> Shawn Alan
>> IMCA 1633
>> eBay story
>> http://www.ebay.com/sch/ph0t0phl0w/m.html
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