[Mrluvaluva]

A bluefin tuna has sold for a record $1.76m (£1.1m) at a Tokyo auction - nearly three times the previous high.



In the year's first auction at Tokyo's sprawling Tsukiji fish market, the 222kg (489lb) tuna caught off north eastern Japan sold for 155.4m yen.

The fish's tender pink and red meat is prized for sushi and sashimi. The best slices of fatty bluefin - called "o-toro" - can sell for 2,000 yen ($24) per piece at upmarket Tokyo sushi bars.

The Japanese eat 80% of all bluefin tuna caught worldwide, and much of the global catch is shipped to Japan for consumption.

The winning bidder, Kiyoshi Kimura, president of Kiyomura Co., which operates the Sushi-Zanmai restaurant chain, said "the price was a bit high," but that he wanted to "encourage Japan".

He went on to serve the fish to customers on Saturday.

However environmentalists have warned that stocks of the fish are being depleted worldwide amid strong demand for sushi.

"Everything we're hearing is that there's no good news for the Pacific bluefin," said Amanda Nickson, the director of the Washington-based Pew Environmental Group's global tuna conservation campaign.

"We're seeing a very high value fish continue to be overfished."

Stocks of bluefin caught in the Atlantic and Mediterranean plunged by 60% between 1997 and 2007 due to rampant, often illegal, overfishing and lax quotas.

Although there has been some improvement in recent years, experts say the outlook for the species is still fragile.


Sky

Madness. The high prices being commanded will just make them a more desirable catch for the fishing boats. Stocks of all three bluefin species -the Pacific, Southern and Atlantic – have fallen over the past 15 years amid overfishing. The population of the Southern Bluefin has plunged to just 3-8 per cent of its original levels.

[Petershaw1984]

Thats crazy

[Petershaw1984]

Even the price of sushi is mental

[Petershaw1984]

How much could the person make who bought it?

[Petershaw1984]

Maybe its a good investment

[Mrluvaluva]

Originally Posted by Petershaw1984

How much could the person make who bought it?

I have not read of the price that the restaurant owner went on to sell it on for pound for pound, but it is something that does command a high price, so I suppose with him willing to make such an investment, he would make a tidy profit out of it.

[Z]

Crazy money... Japan's really bad for flouting fishing regulations, they're gonna have to really crack down on overfishing before tuna becomes extinct and I can't have tuna mayo sandwiches anymore.

[Marc]

Ill have 5