Gold indo torch pricing?

[Oohkris123]

I know lfs about an hour away that has a few gold torch from 1-4 heads for 20$ i only got one with 4 heads

 

[Perry]

The hype is real, a reefer buddy of mine was selling OG Bounce, showed a pic on his thread as a teaser for trade of a frag, have had a few PMS regarding selling. I am trading my colony, minus a frag for myself, for at least $700 to a $1000 retail for acans, and z&p. It's a pretty coral, but dang i kida fealt bad, ironically, he shared the same sentiment, so we are both happy Just a plain old IGT

 

[Idaho Mojo]

I know lfs about an hour away that has a few gold torch from 1-4 heads for 20$ i only got one with 4 heads

Can you go buy them all and send them to me? [emoji23]

 

[ChronicReefH2o]

So does the indo gold torch have long tentacles vs the Aussie gold torch with shorter tentacles? Any clear side by side photos of a indo gold torch vs a Aussie gold torch? I’m sure most people have this questions too.

 

[Hemmdog]

So does the indo gold torch have long tentacles vs the Aussie gold torch with shorter tentacles? Any clear side by side photos of a indo gold torch vs a Aussie gold torch? I’m sure most people have this questions too.

Indo is longer, it’s very obvious when you google the two pictures.

 

[shred5]

Do they have a collection serial number? Isn’t strange that a ban is in place but the coral still popping every other day.

There not..

There could be several reasons you see this..

A few are being aquacultured.

Most retailers have no idea where the coral comes from.. They buy from a wholesaler and basically order coral. Most retailers do not even know there is a ban.

Third some lie about to get more money for them..

Fourth and hope this aint happening and our hobby should never support it is they are being smuggled. I know they have busted a few people for this.

Gold torches are coming from Australia right now.

 

[Brian1f1]

Aussie gold torch prices are astronomical all of a sudden too. WWC has a single small head listed at $750. AquaSD has them at $300 per head (a $1,200 four head that isn’t even fully separated). What’s going on with that? I got a head of Aussie gold for $120 10 months ago.

 

[MnFish1]

Aussie gold torch prices are astronomical all of a sudden too. WWC has a single small head listed at $750. AquaSD has them at $300 per head (a $1,200 four head that isn’t even fully separated). What’s going on with that? I got a head of Aussie gold for $120 10 months ago.

Indonesia was a high - (not sure or the exact number) percentage of Imported corals of this type. Lets say there are 1000 imported daily from both Indonesia and Australia - with Australia exporting 40% and Indonesia the rest. Lets say 1000 people want to buy torch corals each day. Now all the sudden 60% of the torches are no longer being imported. The price for the Australian ones will also 'go up'.

 

[sde1500]

Indonesia was a high - (not sure or the exact number) percentage of Imported corals of this type. Lets say there are 1000 imported daily from both Indonesia and Australia - with Australia exporting 40% and Indonesia the rest. Lets say 1000 people want to buy torch corals each day. Now all the sudden 60% of the torches are no longer being imported. The price for the Australian ones will also 'go up'.

I had read somewhere, can't remember where, that Fiji/Indo accounted for 90% of the coral supply chain. Sounds high, but the way some of these prices are moving, maybe not...

 

[shred5]

I had read somewhere, can't remember where, that Fiji/Indo accounted for 90% of the coral supply chain. Sounds high, but the way some of these prices are moving, maybe not...

I doubt it was that high.. There still is stuff coming from the Philippines too.
It was allot though no doubt. Also allot was higher quality to.

The fish diversity and prices are on the rise fast now that the Hawaii ban is finally hitting.
Far fewer wrasses and the prices are going up..



This hobby is about to get allot more expensive coming up especially if lower limits get put on collecting or another ban on collecting..

 

[sde1500]

I doubt it was that high.. There still is stuff coming from the Philippines too.
It was allot though..

The fish diversity and prices are on the rise fast now that the Hawaii ban is finally hitting.
Far fewer wrasses and the prices are going up..

T

This hobby is about to get allot more expensive coming up especially if lower limits get put on or another ban on collecting..

Yea 90 sounded far too high, but it was definitely a large amount. And quality too. Its making me consider setting up some sort of prop system and bringing in as much as I can now, before things really hit the wall if any other places start shutting down.

 

[sergebmw2]

Crazy went to my lfs and they said can't get the yellow tangs for a while , hard to get at the moment.. agree things will be more $$$ here shortly

 

[Halal Hotdog]

The price of this coral I think is driven more on speculation/desire than actual cost to acquire or aquaculture. Do you remember the chalice craze of yesteryear? Chalices that use to go for a few hundred dollars can now be purchased for $50. Gold torch is definitely beautiful, but not worth $100/head IMO. Matter of just waiting it out for prices to normalize. Of course if you are a retailer then you are happy as a clam right now.
Also our tanks are very dynamic, things happen and we lose coral. Imagine losing a $400 frag of gold torch, pretty sure that would kill the enjoyment for me in reef keeping.

 

[shred5]

Yea 90 sounded far too high, but it was definitely a large amount. And quality too. Its making me consider setting up some sort of prop system and bringing in as much as I can now, before things really hit the wall if any other places start shutting down.

Yea I think prices will go up initially and if they do they will come down hard. This hobby will get to rich for some and demand will drop. I already know one person who is calling it quits and going freshwater.
I think the real issue is fish. My lfs had so much variety of fish and now it is mainly clowns and cardinals.. People will get bored.
There will always be the cheap stuff like gsp but it wont be enough to hold peoples interest.

Sticks will always be abundant but lps are much slower than most sticks.

I think this hobby is in for a world of hurt if Indonesia does not re open and if Australia start to cut back which is being discussed. As far as Indonesia goes I think there is a bigger chance Fish collection get banned there vs Indonesia opening up coral collecting again..

This just was just published a few days ago:
https://www.reef2rainforest.com/2019/03/29/ofi-issues-indonesian-coral-export-update/


Here is some good news even though I am not holding my breath it will happen and it still is a ways away.
If this does happen it should be some good corals. I just have doubts it will or how much will actually be collected if it does.
https://reefbuilders.com/2019/04/08/papua-new-guinea-aquarium/

 

[shred5]

Crazy went to my lfs and they said can't get the yellow tangs for a while , hard to get at the moment.. agree things will be more $$$ here shortly

Yea I have seen very few lately.
Kole tangs seem to be completely gone.

 

[MnFish1]

I had read somewhere, can't remember where, that Fiji/Indo accounted for 90% of the coral supply chain. Sounds high, but the way some of these prices are moving, maybe not...

It depends on 'what coral' you're talking about - I dont think it was 90 percent of torch corals but - IDK

 

[MnFish1]

The price of this coral I think is driven more on speculation/desire than actual cost to acquire or aquaculture. Do you remember the chalice craze of yesteryear? Chalices that use to go for a few hundred dollars can now be purchased for $50. Gold torch is definitely beautiful, but not worth $100/head IMO. Matter of just waiting it out for prices to normalize. Of course if you are a retailer then you are happy as a clam right now.
Also our tanks are very dynamic, things happen and we lose coral. Imagine losing a $400 frag of gold torch, pretty sure that would kill the enjoyment for me in reef keeping.

You're correct -the more Coral that can be fragged - and reproduced - the lower the price will be - thus - with the high prices - people will try to do that - and they will succeed and prices will come down - but that doesnt mean that the price 'right now' should be the same as it was before the bans went into effect.

 

[luckyazn6]

Here's how crazy they gotten...

 

[Halal Hotdog]

You're correct -the more Coral that can be fragged - and reproduced - the lower the price will be - thus - with the high prices - people will try to do that - and they will succeed and prices will come down - but that doesnt mean that the price 'right now' should be the same as it was before the bans went into effect.

I agree the ban will increase access to different corals and fish which will drive up prices, but it should be proportional to the amount of livestock that cannot be collected elsewhere. E.g if access to yellow tangs has dropped by 20% then the increase should be proportional. That is assuming the collection cannot be compensated for in approved areas at a comparable cost or through breeding.

 

[MnFish1]

I agree the ban will increase access to different corals and fish which will drive up prices, but it should be proportional to the amount of livestock that cannot be collected elsewhere. E.g if access to yellow tangs has dropped by 20% then the increase should be proportional. That is assuming the collection cannot be compensated for in approved areas at a comparable cost or through breeding.

Kind of - except - it doesnt work that way - for example - lets say that 100 people want a torch coral - priced at 100$ and there are 100 coral available - Then the supply drops by 70 percent. It doesnt follow that the price should rise by the reciprocal of 70 percent. It will rise until to whatever the remaining 100 people want to pay for the 30 corals left.

Likewise - Pretend I own a Rembrandt etching - I put it up for auction - I think its worth 1,000,000 because I paid 1,000,000 for it. Last year a similar print sold for 2,000,000. I put if up for auction - and it sells for 500,000.... What does that mean? it means something is only worth whatever someone will pay you for it. If you don't believe me - Try having an estate sale.