Sunday, February 23, 2025

Truffle Treasure: Hong Kong Auction Sees Mushrooms Sell for Over $150,000

SCMP

A kilogram of truffles, often referred to as the diamonds of the earth, has sold for over $154,000 at a recent auction, drawing global attention.

According to the South China Morning Post (SCMP) on Monday, a 908-gram Alba white truffle from Italy was sold for $154,000 at the 25th annual Alba White Truffle Charity Gala Dinner auction held in Hong Kong the day before.

Bidders from across the globe, including cities such as Singapore, Vienna, Frankfurt, Bangkok, and Seoul, took part in the event, which raised a total of 3 million Hong Kong dollars (approximately $385,600).

In 2023, an Alba white truffle weighing 1.04 kilograms was sold to an anonymous bidder from Hong Kong for 1.1 million Hong Kong dollars (roughly $141,400).

The record for the highest price ever paid for a truffle was set in 2006 when a 1.5-kilogram white truffle was sold at auction for 1.25 million Hong Kong dollars (about $160,700).

In 2005, a 1.2-kilogram white truffle fetched 863,000 Hong Kong dollars (around $111,000).

The proceeds from this year’s auction will be donated to Mother’s Choice, a Hong Kong-based charity that supports vulnerable children and pregnant teenagers.

A spokesperson for the organization said, “This support helps us provide essential resources to children in need.”

Hot this week

Japan Marks 30 Years Since Tokyo Subway Sarin Attack with New Website to Educate Youth

Japan plans a website to mark the 30th anniversary of the Aum Shinrikyo sarin attack, educating youth about its impact and legacy.

Meta Shares Plunge, Ending Record-Setting 17-Day Run

Meta Platforms' stock fell sharply, ending a 20-day winning streak and erasing recent gains amid profit-taking and market decline.

S&P 500 Hits New High, But Tech Giants Face Struggles in the Market

The NYSE saw a broad rally with the S&P 500 reaching a new high, while M7 tech stocks struggled, notably Meta's decline.

Why Using Cotton Swabs in Your Ears is Dangerous, According to Health Experts

Experts warn against using cotton swabs to clean ears, as it can worsen earwax buildup and potentially lead to tinnitus.

Trump Media Group Posts Losses as Truth Social Faces Declining Revenue

TMTG, Trump's media company, reported losses despite stock rise; Truth Social's revenue fell, citing legal costs and ad agreement changes.

Topics

Japan Marks 30 Years Since Tokyo Subway Sarin Attack with New Website to Educate Youth

Japan plans a website to mark the 30th anniversary of the Aum Shinrikyo sarin attack, educating youth about its impact and legacy.

Meta Shares Plunge, Ending Record-Setting 17-Day Run

Meta Platforms' stock fell sharply, ending a 20-day winning streak and erasing recent gains amid profit-taking and market decline.

S&P 500 Hits New High, But Tech Giants Face Struggles in the Market

The NYSE saw a broad rally with the S&P 500 reaching a new high, while M7 tech stocks struggled, notably Meta's decline.

Why Using Cotton Swabs in Your Ears is Dangerous, According to Health Experts

Experts warn against using cotton swabs to clean ears, as it can worsen earwax buildup and potentially lead to tinnitus.

Trump Media Group Posts Losses as Truth Social Faces Declining Revenue

TMTG, Trump's media company, reported losses despite stock rise; Truth Social's revenue fell, citing legal costs and ad agreement changes.

Fed’s Waller Downplays Inflation Risks from Trump Tariffs, Dismisses Rate Cut Concerns

Waller downplays tariff inflation risks, suggesting limited impact on Fed policy as rates remain stable amid economic growth.

Sleeping in Dirty Socks? Study Reveals It’s Worse Than You Think

Wearing dirty socks to bed can harm health; clean socks improve sleep quality and hygiene practices are recommended.

Egg Prices Skyrocket as U.S. Faces Backlash Over Avian Flu Response Cuts

Avian influenza causes egg prices to soar in the U.S., while the Trump administration faces backlash for layoffs in response personnel.

Related Articles