Tags: rare | 70-pound | meteorite | auction

Rare 70-Pound Meteorite Auctioned for Record $237,500

Rare 70-Pound Meteorite Auctioned for Record $237,500
(Pavel Chagochkin/Dreamstime.com)

By    |   Thursday, 15 February 2018 12:49 PM

A rare 70-pound meteorite from Arizona's Barringer Crater was auctioned at Christie's Wednesday and sold for a record $237,500, CNBC reported.

It is the most anyone has ever paid for a so-called Canyon Diablo meteorite, Darryl Pitt, curator of the Macovich Collection of Meteorites and its former owner told the network.

CNBC said the meteorite was listed to sell from $150,000 to $250,000. Pitt told the network that the rock is rare because only 2 percent of meteorites are made mostly of iron and is "regarded as aesthetically impressive enough to be considered natural sculpture."

Pitts told CNBC that the price also highlights the growing interest in meteorites, saying that the same Canyon Diablo meteorite would have sold for only one-tenth of the price 10 years ago.

CNBC wrote that a specimen from the meteor that was spotted over Michigan in January was also on display and will be auctioned off at Christie's in London April 10-17.

The Michigan meteorite will be part of the "Sculpted by Nature: Fossils, Minerals and Meteorites," auction, the Detroit Free Press reported. It was found in Michigan's Livingston County by Ashley Moritz.

The newspaper said another 13-pound iron meteorite from Namibia that "originated from the core of an asteroid between Mars and Jupiter" is also on sale then.

Researchers believe the Canyon Diablo, or Barringer Crater was created from 20,000 to 40,000 years ago, some 40 miles east of Flagstaff, Arizona, according to MeteoriteMarket.com. Lawyer and engineer geologist Daniel Barringer staked claim to the property in 1903 to mine iron and nickel and the family still runs the crater as a private tourist attraction, the website said.

While researchers believe much of the meteorite's estimated 63,000 tons vaporized on impact, creating its famous crater 3,400 feet across and 600 feet deep from its rim, an estimated 30 tons of the meteorite has been collected, according to MeteoriteMarket.com.

The website said the largest Canyon Diablo meteorite ever discovered was 1,408 pounds, but specimen more than 20 pounds are rare, MeteoriteMarket.com said.

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A rare 70-pound meteorite was sold Wednesday for a record $237,500, the most ever paid for an iron meteorite from Barringer Crater in Arizona.
rare, 70-pound, meteorite, auction
Thursday, 15 February 2018 12:49 PM
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