Monday, June 9, 2008

Michigan-shaped Meteorite Sells for $20K at Auction

DETROIT (AP) - A meteorite resembling Michigan's Lower Peninsula has been sold at auction, but bidders weren't quite as smitten with the mitten as the seller expected.

The 75-pound nickel-and-iron meteorite sold for $20,000 Sunday at Heritage Auction Galleries in Dallas. It had been expected to sell for $32,500 to $40,000.

Michigan native Darryl Pitt, the meteorite's owner, says he is disappointed by the low price. He says he thinks the space rock is worth $50,000.

There was more interest in a three-quarter-ton nickel-iron meteorite that resembles the Indian subcontinent. It sold for $90,000.

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