Monday, January 10, 2011

$40,000 Tuna Sold on a Japanese Auction

A blue fin tuna weighing around 754 pounds was sold for about $400,000 on Tuesday according to several news sites.

ABC News reported that the highly-priced fish specie was bought from the first auction held this year at the Tsukiji fish market in Tokyo. The winner of the auction was reportedly a joint bid from a restaurants in Tokyo and Hong Kong. With the winning bid recorded at $396,700, each kilogram is said to cost around $1,157. It was only of the 500 tuna lined up to sold in the auction.

Apparently, the blue fin tuna was caught north of Japanese waters near the island of Hokkaido.

Japanese are known for their appetite for seafood. Accordingly, blue fin tunas are prized ingredient for Japanese raw fish dishes. Over the years, there has been a growing appetite for raw fish dishes not only in Japan according to UPI News.

The growing worldwide demand is despite the apparent dwindling supply said an auction manager.

"The custom of eating raw fish is spreading throughout the world, so that it's no longer an era where Japan is consuming all of the limited supply of tuna."

Online reports said that it was the highest price recorded for a single fish on auction since 1999.

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