Saturday, December 14, 2024

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

America’s Secret Weapon? Pentagon Bets Big on AI for National Security

The Pentagon has launched the AI Rapid Capabilities Cell to enhance AI adoption for military and non-combat applications, allocating $100M.

U.S. Defense Department Urges Calm as South Korea Faces Impeachment Drama

The U.S. emphasizes support for South Korea amid its impeachment crisis, ensuring continued dialogue and cooperation to deter North Korea.

Inflation Woes: November CPI Sees Slight Uptick, Leaving Consumers on Edge

U.S. CPI rose 2.7% year-over-year in November, signaling inflation challenges for the Federal Reserve amid resilient consumer spending.

Nasdaq Shatters Records with 20,000 Milestone—What’s Next for Investors?

The Nasdaq index surpassed 20,000 for the first time, driven by positive CPI data and gains from tech giants like Tesla and Nvidia.

TSMC Founder Calls Out Samsung and Intel: ‘They’re Falling Behind!’

Morris Chang critiques Samsung's tech issues and Intel's strategy missteps, highlighting TSMC's dominance in the semiconductor industry.

Topics

America’s Secret Weapon? Pentagon Bets Big on AI for National Security

The Pentagon has launched the AI Rapid Capabilities Cell to enhance AI adoption for military and non-combat applications, allocating $100M.

U.S. Defense Department Urges Calm as South Korea Faces Impeachment Drama

The U.S. emphasizes support for South Korea amid its impeachment crisis, ensuring continued dialogue and cooperation to deter North Korea.

Inflation Woes: November CPI Sees Slight Uptick, Leaving Consumers on Edge

U.S. CPI rose 2.7% year-over-year in November, signaling inflation challenges for the Federal Reserve amid resilient consumer spending.

Nasdaq Shatters Records with 20,000 Milestone—What’s Next for Investors?

The Nasdaq index surpassed 20,000 for the first time, driven by positive CPI data and gains from tech giants like Tesla and Nvidia.

TSMC Founder Calls Out Samsung and Intel: ‘They’re Falling Behind!’

Morris Chang critiques Samsung's tech issues and Intel's strategy missteps, highlighting TSMC's dominance in the semiconductor industry.

Snack Attack: How Your Favorite Processed Treats Could Lead to Cancer

A study shows ultra-processed foods increase colorectal cancer risk by suppressing the immune system and promoting inflammation.

Is Luigi Mangione a Murderer or a Martyr? Public’s Mixed Reactions to the UHC CEO’s Death

Luigi Mangione, arrested for the murder of UHC CEO, is seen as a hero by some due to his critical views on insurance companies.

Trump Calls Canada the ’51st State’ – Is He Serious or Just Joking?

Trump humorously referred to Canada as a U.S. state, which may offend Canadians and spark diplomatic issues over tariffs.

Related Articles