Saturday, January 18, 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.”

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