05.42 pm, Monday November 23 2009

Tuna fetches $US100,000 at auction

11:50 AEST Tue Jan 6 2009
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Two sushi bar owners have paid more than $US100,000 for a Japanese bluefin tuna at a Tokyo fish auction, about ten times the average price and the highest in nearly a decade, market officials say.

The 128kg premium tuna caught off the northern coast of Oma fetched Y9.63 million ($A146,698), the highest price since 2001, when another Japanese bluefin tuna brought an all-time record of Y20 million ($A304,669), market official Takashi Yoshida said on Monday.

Yoshida said the extravagant purchase - about $A1,150 per kilogram - went to a Hong Kong sushi bar owner and his Japanese competitor who reached a peaceful settlement to share the big fish. The Hong Kong buyer also paid the highest price at last year's new year event at Tokyo's Tsukiji market, the world's largest fish seller, which holds near-daily auctions.

Typical tuna prices at Tokyo fish markets are less than $A77/kg. But bluefin tuna is considered by gourmets to be the best, and when sliced up into small pieces and served on rice it goes for very high prices in restaurants.

Premium fish - sometimes sliced up while the customers watch - also have advertising value, underscoring a restaurant's quality, like a rare wine.

Thousands of tuna were auctioned at Monday's festive New Year sale, which often brings unusually high prices.

"It was the best tuna of the day, but the price shot up because of the shortage of domestic bluefin," Yoshida said, citing rough weather at the end of December. Buyers vied for only three Oma bluefin tuna on Monday, compared with 41 last year.

A similar-size imported bluefin caught off the eastern United States sold for Y1.42 million ($A21,600) yen in Monday's auction.

Due to growing concerns over the impact of commercial fishing on the bluefin variety's survival, members of international tuna conservation organisations, including Japan, have agreed to cut their bluefin catch quota for 2009 by 20 per cent to 22,000 tonnes.

 
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