[meteorite-list] The problems with Amgala

From: Martin Altmann <Altmann_at_meteoritecentral.com>
Date: Sat Aug 7 06:23:13 2004
Message-ID: <003401c47c69$202dcfa0$2ce550d9_at_9y6y40j>

But Amgala just came out.
As told on the beginning all new falls have a higher price than that they
will have when
they will have normalized. Now with ebay this price changings happen more
rapidely but the principle is the same. Falls: First time very expensive,
after the first hype much cheaper, then stable at this level or increasing
in price depending on how much material was available in total.

>From Pultusk there were in the last one/two years coming a bunch of new
stones from collections and museum trades on the market - if those stones
will be
gone, the prices will rise again.

I also have only historical meteorites or meteorites with names in my
collections. A few like Pultusk felt in price, some rose - but all in all
they are extremely stable in price over a long time and the value was even
slowly increasing as with internet many new collectors started and with the
historics the material is limited.

----- Original Message -----
From: "Mauro Daniel" <rocksfromspace_at_hotmail.com>
To: <Altmann_at_Meteorite-Martin.de>; <meteorite-list@meteoritecentral.com>
Sent: Saturday, August 07, 2004 7:24 AM
Subject: Re: [meteorite-list] The problems with Amgala


> Amgala is the same....first pieces $10-12/gr. after few months price go to
> 5-6$/gr. and now is go to $3-4/gr. this show how much the market is change
> in the prices and is not stable. The only material is stable is the
> historical meteorites where the prices is the same from many years and
some
> pieces sold on ebay go over the normaly price - I have seen a Pultusk sold
> for over $11/gr. on ebay days ago....not speack of lunar-mars material, go
> totaly in ruin thanks to some dealers have sold this material on ebay for
a
> ruined price.....I want see who is good to sale a lunar meteorite for the
> old $10.000 - 5000 - 2000/gr.
>
>
> >From: "Martin Altmann" <Altmann_at_Meteorite-Martin.de>
> >Reply-To: Martin Altmann <Altmann_at_Meteorite-Martin.de>
> >To: <meteorite-list_at_meteoritecentral.com>
> >Subject: Re: [meteorite-list] The problems with Amgala
> >Date: Fri, 6 Aug 2004 21:47:01 +0200
> >
> >Yip collectors,
> >
> >the main reason that Amgala is not a good example is furthermore,
> >that it's a FALL.
> >For observed falls always other rules seems to be valuable.
> >Falls are more appealing than finds, first only a few dealers are
offering
> >material,
> >no closer information is available, especially not about the tkw and
there
> >are always some collectors, who fear to miss something, so that in the
> >first
> >weeks the prices are highest.
> >After a while the prices settle down, then it's the best time to buy,
> >before
> >they start to raise again, if only a limited amount is available.
> >
> >There are many examples. Take Bilanga. First specimens were offered by
two
> >dealers at 60$/gm, after a while more and more dealers were able to offer
> >Bilanga, those fast buyers had their samples and the demand diminished,
> >thus
> >the prices fell within view months to 25$-10$. It had a limited tkw and
> >nowadays not much is around anymore and for good quality specimens the
> >prices starts to raise a little bit again.
> >Or Park Forest - first weeks up to 50-60$, now sometimes 10$ for minor
> >quality on ebay.
> >Not so much material collected, so in 2-3 years, who knows...
> >Camel Donga, gosh was it cheap...now: unaffordable monster prices..
> >Bensour is now fine to buy, <2$ sometimes on ebay, when it came up often
> >8$,
> >in future, I guess, it will be more expensive then now.
> >
> >It's never good to buy immediately after the fall - only if one is very
> >sure, that there is only a small amount of material left.
> >
> >Cheeers!
> >Martin A.
> >
> >
> >
> >
> > > Dear List,
> > >
> > > A few List members have been mentioning Amgala as an example of price
> > > fluctuation. I do not believe Amgala is a very good example for the
> > > following reasons:
> > >
> > > The problem is that Amgala has not been completely classified yet so
it
> >is
> > > being sold as an unclassified meteorite. One of the reasons it is
taking
> >so
> > > long to classify is that many interesting features have been found in
> >Amgala
> > > and the scientists want to describe them properly, something every
fall
> > > deserves.
> > >
> > > Another major problem is that a stockpile of Zag has been released at
> >the
> > > source in Morocco and is being sold as Amgala. Fresher specimens of
Zag
> > > look pretty close so it is hard to tell. This makes it appear that
there
> >is
> > > much more available than stated.
> > >
> > > A situation that had the most impact was brought about when one dealer
> >who
> > > heard rumors panicked and dumped his material below costs to the
public.
> > > Some so-called "cowboys" think it is some kind of race to dump
material
> >as
> > > quick as possible before anymore is found. This caused a
mini-stampede
> >and
> > > a few other dealers followed his example. This has happened many
times
> >the
> > > past few years and shows that the meteorite market needs to mature.
> >There
> > > are too many loose cannons lacking professionalism and true business
> >sense
> > > selling meteorites to a somewhat thin market. Day trading does not
work
> > > with meteorites so those lacking long term resources should find
another
> > > gig!
> > >
> > > All the best,
> > >
> > > ------------------------------------
> > > Adam Hupe
> > > The Hupe Collection
> > > Team LunarRock
> > > IMCA 2185
> > > raremeteorites_at_comcast.net
> > >
> > >
> > > ______________________________________________
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> >
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Received on Sat 07 Aug 2004 06:27:21 AM PDT