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Space & Astronomy

Moon rocks sell at auction for $855,000

By T.K. Randall
November 30, 2018 · Comment icon 3 comments



Luna 16 landed on the Moon in September 1970. Image Credit: CC BY-SA 3.0 Bembmv
The rocks, which were collected by the Soviet Luna 16 mission in 1970, have doubled in value since 1993.
The only known privately owned Moon samples in existence, the rocks were given to Nina Ivanovna Koroleva upon the death of her husband - Sergei Pavlovich Korolev - in honor of his work as director of the Soviet space program.

His efforts were instrumental in making the retrieval mission possible, however he died a few years before Luna 16 launched.

The rocks were later sold to a Soviet space mission collector for $442,500 before selling again at Sotheby's two days ago in New York for the grand total of $855,000.

"Space exploration is something that's universal," said Sotheby's expert Cassandra Hatton.

"Anybody can look up at the sky and get excited about it."



Source: Phys.org | Comments (3)


Recent comments on this story
Comment icon #1 Posted by Rolci 4 years ago
Keeping in mind that there was a cumulative 75% inflation of the USD in the past quarter century and then doing the math you realise that this nearly $1M baby has only been making $270 each month†(in today's money) on average. The median household income in the US†is approx. $5000 pcm.†So it's like getting a 5% premium each month. Not impressed, considering what we are talking about here.
Comment icon #2 Posted by Seti42 4 years ago
"Space exploration is something that's universal," said Sotheby's expert Cassandra Hatton. So is avarice.
Comment icon #3 Posted by fred_mc 4 years ago
I think that in the future, at least in the far future, people will travel to the moon for mining, exploration, vacation etc, and be able to bring moon rocks with them home, so I'm pretty sure that long-term the value of the moon rocks will go down due to there being more available, making it not such a good investment.


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