[meteorite-list] Meteorite prices

From: Adam Hupe <adamhupe_at_meteoritecentral.com>
Date: Thu Apr 22 10:22:43 2004
Message-ID: <029601c33c7b$1660ea40$b4dbe60c_at_attbi.com>

Hello again Sterling and List,

I used to run a technology corporation and consumer electronics is a
completely different beast. Technology drives computer hardware into
obsolescence before it is even in a resellers inventory and the supply is
unlimited tagging both the consumer and the distributor.

The problem with meteorites is a supply and demand issue, as well. Where it
differs is there is no such thing as obsolescence or unlimited supply when
discussing meteorites. It may appear there is an unlimited supply because
of the surplus coming out of NWA right now and this has affected price. An
even bigger problem is consumer confidence. When the last generation of
collectors decided to cash in at the first signs of decline it snowballed
just like the stock market. Add an increase in supply from NWA and a bad
economy and you have all the proper conditions for a long-term decline. The
market will turn around through proper promotion of meteorites (educating
people to appreciate what they represent), decreased supply from NWA which
is already showing signs of slowing down and when dealers realize meteorites
are not commodities. Dealers who sell meteorites like commodities will not
be around too long because their margins will shrink to unbearable levels
and they will not be able to sell enough volume to offset this lack of
profit. Its called a thinning of resources (money). If you do not leave
enough money to restock then you are out of business. I could go on forever
about this but I have to pack for a short four-day expedition.

All the best,

Adam
Received on Fri 27 Jun 2003 03:09:44 AM PDT