Skip to comments.Tuna Fetches $100,000 at Auction
Posted on 01/05/2009 11:51:36 AM PST by JoeProBono
Two sushi bar owners fork over $104,700 for a 282-pound bluefin tuna at a Tokyo auction. That breaks down to $370 per pound, many times higher than the average of $25 per pound. Why so pricey? "It was the best tuna of the day, but the price shot up because of the shortage of domestic bluefin," which is attributed to bad weather, an official says.
(Excerpt) Read more at news.aol.com ...
A Japanese bluefin tuna that fetched nearly 10 million yen at the year-opening auction is shown at Tokyo's Tsukiji market Monday, Jan. 5, 2009. The premium tuna caught off the northern coast of Oma and weighing 282.48 pounds (128.4 kilograms) was auctioned for 9.63 million yen ($104,700), the highest since 2001, when another Japanese bluefin tuna fetched an all-time record of 20 million yen, market official Takashi Yoshida said.
Giant bluefin tuna weighing 1,108 lbs. caught in 2001 off Prince Edward Sound
We’re gonna need a bigger boat...
Tuna under pressure
Researchers blame “ubiquitous demand
By GREG WESTON
Sat. Jan 3 - 4:46 AM
Despite reduced quotas and strict protections, Canadas Atlantic bluefin tuna stock faces depletion due to international mismanagement and demand for sushi meat from the prized fish, researchers say.
“Theres a sushi economy around the globe thats evident in any North American supermarket or town. Its ubiquitous,” says Barbara Block, a Stanford University professor of marine sciences who has studied bluefin tuna for 25 years.
Bluefins, which can weigh up to 675 kilograms and grow up to four metres in length, are a lucrative commodity on the international sushi market. In 2001, a 201-kilogram bluefin was sold at a Tokyo fish market for a record-breaking US$173,600. Despite growing sushi demand in countries like China and Russia, it is estimated that 75 per cent of bluefins caught globally are exported to Japan.
“You work out the per-pound price, and theyre worth their weight in gold, so its not surprising that theres such intensive fishing pressure,” says Shana Miller, science and policy co-ordinator of Tag-A-Giant, a bluefin tuna research and policy foundation. “In the western Atlantic, its pretty well accepted that the population has declined by over 80 per cent in the last 30 years. In the eastern Atlantic, the decline isnt as severe, but recent declines are just astronomical, in the order of 15 per cent per year, because fishing pressure has increased so much,” says Ms. Miller.
Okay, they're not tuna, but I'll bet they're expensive...
...and worth the price!
Does it have that great dolphin flavor I grew up with?
Bluefin Tuna Cage
Always remember...you can lead a horse to water but you have to carry a tuna.
Yeah it happens, no problem.
Awwww they cage them? I only want FREE-RANGE tuna!
The cheapest Sushi around these parts is at Lakeside Bait and Tackle......
I have been to Tokyo and the market before and tuna goes for upwards towards this amount as it is. I was there in 2006 and they were saying they were auctioning around 80K USD. This didn’t make me flinch seeing the price I guess. Interesting that Tuna may be having some issues supply-wise though. If anyone goes to Tokyo the market at 5am is a sight to behold :) plus they have GREAT sushi bars and cool flea markets right there!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.