Bluefin Tuna Japan Auction
It seems like every year, the opening auction at the Tokyo Tsukiji fish market sets a record price for bluefin tuna. This year it was a 489-pound bluefin tuna that broke the record. It sold for $3,600 per pound to fetch a total of more than 153 million yen the equivalent to $1.76 million dollars.
The record-setting bluefin tuna was caught off of northeastern Japan.
The fish was purchased by Kiyoshi Kimura, the president of a chain of sushi restaurants.
After the fish was purchased, it was paraded through town and cut up in a whole lot of hoopla. These opening-day auction, record-setting fish are more of a media stunt than an investment.
Last year, the same guy purchased a 593-pound bluefin tuna for $736,000. In a news report published by the Associated Press, Kimura admits the prices were high.
As populations of bluefin tuna continue to decline, prices for such fish are bound to rise.