Meteorite Auction Prices Skyrocket Thanks To Crypto—Including A $300,000 Dog House

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Meteorite Auction Prices Skyrocket Thanks To Crypto—Including A $300,000 Dog House
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An upcoming Christie’s auction has collectors starry-eyed: Deep Impact, featuring 65 of the rarest meteorites to ever hit Earth runs until February 23—and prices are expected to be astronomical

With many lots listed with no reserve, meteorite auctions typically draw a much younger, more international crowd than an average Christie’s sale. There is also a more even gender balance. According to the auction house, 73 percent of last year’s bidders were first-timers.

Part of the rocks’ appeal is in their rarity. “If you took all the meteorites on earth and put them on a scale, it would weigh less than the annual output of gold,” said Hyslop. Once sold, they’re often kept private: Of the 64,000 meteorites in the world’s collections,Values are calculated from previous sales, as well as a meteorite’s size, shape, scientific makeup and story, says Hyslop.

, a Gibeon meteorite, which he likens to a Henry Moore sculpture, are likely to draw the eyes of museums and private investors alike, it’s the doghouse that’s drawing much of the attention in next week’s sale. Christie's While the current bid is well below the $300,000 estimate—it’s at a down-to-earth $1,600—the price is expected to soar. The actual meteorite that struck Roky’s home is also up for auction. It has a pre-sale estimate of $40,000 to $60,000 and the current bid is $2,200.

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