Gold indo torch pricing?

[MnFish1]

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.

I heard 70% - and I believe it.....

 

[MnFish1]

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.

By the way - the price will increase as the number available decreases - lets say - 25 of the 100 people have gotten their coral at $200 - now where are 5 left - and 75 people want them - what do you think will happen to the price. Its all about supply and demand.

 

[MnFish1]

Here's how crazy they gotten...

I talked to the owner of the coral - The reason the price is high is that he wants to keep it - but if someone wants to pay he will take it. This is the same attitude as the LFS here in town.

 

[Brian1f1]

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 didn’t think/know that indo gold was ever common or more common than Aussie?

 

[MnFish1]

I didn’t think/know that indo gold was ever common or more common than Aussie?

Apparently - it depends on the supplier - but (from my sources) - 70% or coral imported at least into our area is from Indonesia. I have no clue if the follows through the US, world.

 

[Ricky101]

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

I saw DOZENS of gold torches on sale at a booth from reef-a-palooza last week. $500 a head.

 

[Makers Marc]

So besides reefers desire to have the "rare," I'm honestly wondering what ppl see so special about it.

It is as gold as a gold maxima clam. So gold never really, and sometimes gold at the perfect light intensity, spectrum, and most importantly angle that it is looked at.

[emoji1787][emoji1787][emoji1787][emoji1787]

 

[ReefAddict0887]

Got this one for $22 in a raffle lol couldn’t pay 400 for one head so I gambled and won [emoji23]

 

[Makers Marc]

Got this one for $22 in a raffle lol couldn’t pay 400 for one head so I gambled and won [emoji23]

So the flesh isnt really purple like that right? Is it more tannish?

 

[TheHarold]

Two years ago it was $20/head. Now its $400 per head at RAP lol

 

[SVP]

I'm not sure exactly what this thread is for. Identification between the 2 different golds? Prices? Economics? Lol. It is all over the place. But good points are made by a lot of people. Identification is usually pretty easy between the 2. If you look at the skeleton aussie torch heads are double to triple the size of indo. Tentacle length,thickness are easy ways to tell but that's a generalization. There are long tentacled aussies.
When I first started keeping corals Fiji had just closed its doors and here we are 5 years later and nobody talks about Fiji. But people myself included would walk by a gorgeous indo coral to get to the really hardy aussie coral. Now it's the classic thing,people desire what they cannot have. The rates have risen on torches because it's the latest trend like CSBbs last year. If the trend continues upward it will become unaffordable to buy a torch. I was quoted in late January 400 for a head of OGHG one month later 3-1 it was 1000 from the same guy. Crazy unsustainable economics. The indo ban does hurt us reefkeepers in the wallet and selection. Wait till this next ban comes. Any one crying about prices now will end up leaving the hobby. It is going to happen sooner than I'd like. corals cannot continue to be over harvested at an alarming rate just to put money in importers pockets, and to replace the dead ones killed by new hobbyists or careless hobbyist.

 

[Brian1f1]

I agree. I’ll enjoy what I have but I feel very strongly that we need to stop the wholesale destruction of the environment.

 

[MnFish1]

I'm not sure exactly what this thread is for. Identification between the 2 different golds? Prices? Economics? Lol. It is all over the place. But good points are made by a lot of people. Identification is usually pretty easy between the 2. If you look at the skeleton aussie torch heads are double to triple the size of indo. Tentacle length,thickness are easy ways to tell but that's a generalization. There are long tentacled aussies.
When I first started keeping corals Fiji had just closed its doors and here we are 5 years later and nobody talks about Fiji. But people myself included would walk by a gorgeous indo coral to get to the really hardy aussie coral. Now it's the classic thing,people desire what they cannot have. The rates have risen on torches because it's the latest trend like CSBbs last year. If the trend continues upward it will become unaffordable to buy a torch. I was quoted in late January 400 for a head of OGHG one month later 3-1 it was 1000 from the same guy. Crazy unsustainable economics. The indo ban does hurt us reefkeepers in the wallet and selection. Wait till this next ban comes. Any one crying about prices now will end up leaving the hobby. It is going to happen sooner than I'd like. corals cannot continue to be over harvested at an alarming rate just to put money in importers pockets, and to replace the dead ones killed by new hobbyists or careless hobbyist.

It is not about Aussie/vs Indo (vis a vis the price) in my opinion. Its about the total number of imported Torch corals in general that has caused the price to rise - so people want ANY torch. Indonesia represented 60-70% of coral imports before the ban. Of course the price went up. I agree with you - that as more coral is imported from other places - that the price will drop again assuming that happens) - or until there are lots of 'home grown' torches available.

 

[John3]

or until there are lots of 'home grown' torches available.

That’s the interesting thing. You would think these torches and other corals would be available everywhere considering how many are brought in and bought.

That really makes me think that on the whole many of these corals are dying in peoples tanks. I know I bought 3 heads and 8 months later I had 8-9 heads. You would think you couldn’t give these corals away if there was any type of real overall success across the hobby.

 

[BantyRooster97]

I had a Aussie Gold and honestly unless you run all blues, it is quite unremarkable.

 

[Brian1f1]

I had a Aussie Gold and honestly unless you run all blues, it is quite unremarkable.

I really disagree with that assessment. I run Hydra 26 hd BRS AB+ and it pops pretty hard all day. I also start and end the day with blues, which as you know, is super popping. If you run 10k or something then that’s another story.

 

[Brian1f1]

That’s the interesting thing. You would think these torches and other corals would be available everywhere considering how many are brought in and bought.

That really makes me think that on the whole many of these corals are dying in peoples tanks. I know I bought 3 heads and 8 months later I had 8-9 heads. You would think you couldn’t give these corals away if there was any type of real overall success across the hobby.

A lot of the most desirable ones grow very very very slowly. The faster growing ones are still reasonableish (50 or less for a head)

 

[JaimeAdams]

Supply and demand. I've always loved the Indo torches and now that Indo is shut down the supply is low and the demand has sky rocketed. It's not just people who have always liked them now. It is now an investment piece and folks that want to flaunt or folks that want to farm are buying them up as well.

 

[John3]

A lot of the most desirable ones grow very very very slowly. The faster growing ones are still reasonableish (50 or less for a head)

Yeah I have heard that before and it’s true for some corals but not most. Indo torches grow pretty fast under good conditions.

I would be curious how many torches make it past 1 year in a tank, or all corals for that matter. This hobby is ripe for accidents and crashes and people who just throw corals into a tank and have poor husbandry.

 

[Brian1f1]

Yeah I have heard that before and it’s true for some corals but not most. Indo torches grow pretty fast under good conditions.

I would be curious how many torches make it past 1 year in a tank, or all corals for that matter. This hobby is ripe for accidents and crashes and people who just throw corals into a tank and have poor husbandry.

I don’t think you want to know that. From collection, to distribution, to retail, to consumer, and then + a year, it’d make you sick for coral and fish... Then you have the idiots keeping sailfin tangs and yellow tangs in 50 gallon tanks for years, bragging that there sickly fish made it five years on forums.