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@meteoritecentral.com>
To: "Shawn Alan" <shawna...@meteoritefalls.com>
Cc: "Meteorite Central" <meteorite-list@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
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On 5/29/15, Shawn Alan via Meteorite-list
<meteorite-list@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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