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  Market trends for space flown artifacts

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Author Topic:   Market trends for space flown artifacts
LateApex
Member

Posts: 36
From: Chicago
Registered: Oct 2012

posted 11-02-2012 07:46 PM     Click Here to See the Profile for LateApex     Edit/Delete Message   Reply w/Quote
I am relatively new to the hobby and am trying to get a handle on the direction of the market on flown items.

How are prices trending?

Up, down, sideways?

I'm just starting to try to analyze the market, and would love to take advantage of some of the expert's opinions here. I am sure many of you have a good feel for the market and I would appreciate any guidance you may have on flown item's pricing trajectory.

capoetc
Member

Posts: 1790
From: Newnan GA (USA)
Registered: Aug 2005

posted 11-02-2012 08:34 PM     Click Here to See the Profile for capoetc   Click Here to Email capoetc     Edit/Delete Message   Reply w/Quote
Welcome to collectSPACE! I'm sure you will find lots of knowledgable folks here who will share their thoughts regarding flown items or just about anything else.

My advice would be to start out small and do your research first before you dive in. Start out by purchasing only from reputable dealers, and remember that with flown items provenance is everything. You absolutely, positively must have some way to prove that an item was flown -- otherwise, it is either "purportedly flown" or "possibly flown". The best provenance would be having a signed letter or other document from the astronaut who carried or used the item in space.

As far as value is concerned, the answer is "it depends". For example, two weeks ago if you had said, "How much is a 4x6 flag flown on GT-IV worth?", I would have said "probably $1,000-1,500 or so". Now, since Novaspace released an entire flag kit from GT-IV certified as flown by Jim McDivitt, that value may have changed. The bottom line is, the item is valued at whatever someone will pay for it.

So, in conclusion, my advice is: Don't worry too much how much flown items are worth. Be aware how much they ought to cost, collect what you like, preserve the items in your collection so future generations can benefit from their continued existence, and... someday... if they end up being worth more than you paid for them, consider it a bonus!

LateApex
Member

Posts: 36
From: Chicago
Registered: Oct 2012

posted 11-02-2012 09:01 PM     Click Here to See the Profile for LateApex     Edit/Delete Message   Reply w/Quote
I actually purchased a GT-IV flag today! Certainly seemed like a great value and I am thrilled to have it on it's way.

davidcwagner
Member

Posts: 554
From: Albuquerque, New Mexico
Registered: Jan 2003

posted 11-02-2012 09:29 PM     Click Here to See the Profile for davidcwagner   Click Here to Email davidcwagner     Edit/Delete Message   Reply w/Quote
You got a great start on your collection. Provenance is the best. A GT-4 flown flag signed by the astronaut and from Novaspace. I speak from experience that a Novaspace COA is as good as it gets.

Spaceguy5
Member

Posts: 421
From: Pampa, TX, US
Registered: May 2011

posted 11-04-2012 10:20 PM     Click Here to See the Profile for Spaceguy5   Click Here to Email Spaceguy5     Edit/Delete Message   Reply w/Quote
Items are only worth as much as people will pay. Just because one person may shell out $1000 on an item, it doesn't mean that anyone else — the same item could be only worth $100 to others.

I have however noticed that people are trying to sell space shuttle items for higher prices now that that program is over. Some have been successful in raising the price (for example, the selling price of most tiles have inflated considerably) while others have not.

All times are CT (US)

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