9/4/03 Cincinnati, OH -- Fear and doubt rocked the collectibles market earlier this week when scientists at Nasa’s Jet Propulsion Laboratory made public a study that reports a one in 909,000 chance that a newly detected asteroid will strike the Earth on March 21, 2014. QQ47, as the asteroid is known in the collectibles and antiques market, is 1.2 kilometers in length and traveling through space at 120,000 kilometers per hour. If a collision were to occur, it would release energy roughly eight million times the power of the Hiroshima bomb, enough to virtually evaporate all collectible items on the planet.
“While the collection of pet rocks has remained stable, we’re seeing a dramatic decline in the trade of soft goods like antique photos, books, letters, stamps, and fabrics,” says John Gallagher, Director of the National Auction House in Cincinnati, Ohio. “The pottery, crystal-ware and porcelain figurine markets are virtually shattered,” he added, “and we don’t have a lot of confidence about what the future holds.”
On the bright side however, analysts point out that in the last several days, buyers are showing an increased interest in less conventional collectibles, such as spears, gas masks and narcotic drugs.
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