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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Premium tuna fetches $100,000 in Tokyo auction AP - 35 minutes ago TOKYO - Two sushi bar owners paid more than $100,000 for a Japanese bluefin tuna at a Tokyo fish auction Monday, about ten times the average price and the highest in nearly a decade, market officials said. The 282-pound (128-kilogram) premium tuna caught off the northern coast of Oma fetched 9.63 million yen ($104,700), the highest since 2001, when another Japanese bluefin tuna brought an all-time record of 20 million yen, market official Takashi Yoshida said. Yoshida said the extravagant purchase _ about $370 per pound ($817 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 $25 per pound ($55 per kilogram). 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 Monday, compared to 41 last year. A similar size imported bluefin caught off the eastern United States sold for 1.42 million yen ($15,400) 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 organizations, including Japan, have agreed to cut their bluefin catch quota for 2009 by 20 percent to 22,000 tons. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Bus crash kills 15 people in southwest ChinaAP - 20 minutes ago Japanese sailor lost off whaling ship in AntarcticAP - 28 minutes ago Premium tuna fetches $100,000 in Tokyo auctionAP - 35 minutes ago India gives Pakistan evidence over Mumbai attacksAP - 45 minutes ago Philippines aborts Gaza rescue plan: officialAFP - 45 minutes ago Most Popular – Asia Pacific Viewed US steel industry in collapse, eyes government aid: report Israeli army moves on Gaza City as war toll passes 510 John Travolta's teenage son dies, autopsy planned France leads alarm over Gaza, splits with US Rare Bugatti untouched for 50 years could fetch millions: report View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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