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> That's US$650 for 100g. ~$32 for one Nigiri, so more like $50-$80 at a restaurant per piece, and only the belly meat fetches such high prices. It's a PR move
by elfexec 7y ago
> That's US$650 for 100g. ~$32 for one Nigiri, so more like $50-$80 at a restaurant per piece, and only the belly meat fetches such high prices.
It's a PR move more than anything. How much press does this get the buyer and the market as whole? A lot more than he paid for the tuna.
> On a more serious note, won't the high price only encourage fisheries to violate their quotas and drive Bluefin to extinction?
It's a once in a year publicity stunt. They don't pay record prices every day. But yes, if bluefin or any resource brought in record prices every day, it would certainly entice unscruplous people to cheat which would lead even the honest people to cheat - tragedy of the commons.