GITNUX REPORT 2024

Record-breaking $3 million sale of Most Expensive Bluefin Tuna

A 612-pound bluefin tuna fetched $3 million at auction - a record-breaker in Tokyo.

Author: Jannik Lindner

First published: 7/17/2024

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Bluefin tuna can reach speeds of up to 43 miles per hour

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The largest recorded bluefin tuna weighed 1,496 pounds

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Bluefin tuna can live up to 40 years

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The average size of bluefin tuna caught for commercial sale is around 600 pounds

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Bluefin tuna can dive to depths of over 3,000 feet

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The most expensive bluefin tuna are typically between 5 and 10 years old

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Bluefin tuna can accelerate faster than a Porsche 911

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The average lifespan of a farmed bluefin tuna is about 20 years

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Bluefin tuna can maintain a body temperature up to 20°F warmer than the surrounding water

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The average weight of commercially caught Pacific bluefin tuna is around 130 pounds

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Bluefin tuna can grow up to 10 feet in length

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Bluefin tuna can swim at sustained speeds of 25 mph

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Bluefin tuna populations have declined by over 97% from historic levels

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The Atlantic bluefin tuna is listed as endangered by the IUCN Red List

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The Pacific bluefin tuna population is at just 3.3% of its historic size

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Japan consumes about 80% of the world's bluefin tuna catch

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The most expensive bluefin tuna are often used for high-end sushi and sashimi

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The most expensive bluefin tuna are often sold to high-end Japanese restaurants

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Japan's annual bluefin tuna consumption has decreased from 40,000 tons in 2012 to about 30,000 tons in 2020

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In 2019, the US imported 1,822 metric tons of fresh bluefin tuna

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The global bluefin tuna market is dominated by Japan, which accounts for about 80% of consumption

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The most expensive bluefin tuna are usually caught off the coast of Oma, Japan

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The most expensive bluefin tuna are often caught in the waters off Hokkaido, Japan

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The most expensive bluefin tuna are often caught using longline fishing methods

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The most expensive bluefin tuna are often caught using traditional Japanese fishing techniques

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The most expensive bluefin tuna are often caught in the early morning hours

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The most expensive bluefin tuna are often caught using single-hook fishing methods

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The most expensive bluefin tuna are often caught using pole-and-line fishing methods

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In 2018, Japan set a quota of 4,882 metric tons for Pacific bluefin tuna

Statistic 30

The EU has set a total allowable catch of 36,000 tons for Eastern Atlantic bluefin tuna in 2021

Statistic 31

The global catch of Atlantic bluefin tuna in 2020 was approximately 35,000 tons

Statistic 32

In 2018, the total allowable catch for Southern bluefin tuna was set at 17,647 tons

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In 2020, the total allowable catch for Mediterranean bluefin tuna was set at 36,000 tons

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In 2021, the total allowable catch for Western Atlantic bluefin tuna was set at 2,350 tons

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The most expensive bluefin tuna are typically caught in December and January

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Bluefin tuna fishing season in the Mediterranean typically runs from May to July

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The most expensive bluefin tuna are often caught during the winter months

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The average price for bluefin tuna at Tokyo's fish market is around $40 per kilogram

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The typical market price for bluefin tuna ranges from $20 to $200 per pound

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The global bluefin tuna market is estimated to be worth over $42 billion annually

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The average price for bluefin tuna at Tokyo's first auction of 2022 was $175 per kilogram

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In 2017, Mexico's bluefin tuna exports were valued at $62 million

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The most expensive bluefin tuna are often evaluated based on fat content and color

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In 2020, the US commercial bluefin tuna catch was valued at $9.8 million

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In 2019, the global production of farmed bluefin tuna was approximately 40,000 tons

Statistic 46

The average price for bluefin tuna at Spanish fish markets is around €25 per kilogram

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The most expensive bluefin tuna are often sold through a traditional Japanese auction system

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In 2020, the average export price of Japanese bluefin tuna was $33.5 per kilogram

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The global bluefin tuna market is expected to reach $4.65 billion by 2027

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The most expensive bluefin tuna are often aged for several days before being sold

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The average price for bluefin tuna at Italian fish markets is around €20 per kilogram

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The most expensive bluefin tuna are often evaluated based on their oil content

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In 2019, the global production of Atlantic bluefin tuna was approximately 50,000 tons

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In 2020, the average import price of bluefin tuna in the US was $13.8 per kilogram

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The average price for bluefin tuna at Greek fish markets is around €18 per kilogram

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The most expensive bluefin tuna are often sold within 24 hours of being caught

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In 2020, the global production of Pacific bluefin tuna was approximately 15,000 tons

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In 2019, the average export price of Spanish bluefin tuna was €11.5 per kilogram

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The global bluefin tuna market is expected to grow at a CAGR of 5.8% from 2021 to 2027

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A 612-pound bluefin tuna sold for $3 million in 2019 at Tokyo's Toyosu fish market

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The price per kilogram for the $3 million tuna was about $4,900

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The previous record for most expensive bluefin tuna was $1.76 million in 2013

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In 2020, a 276-kilogram bluefin tuna sold for $1.8 million

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In 2021, a 208-kilogram bluefin tuna sold for $202,000 at Tokyo's Toyosu market

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Summary

  • A 612-pound bluefin tuna sold for $3 million in 2019 at Tokyo's Toyosu fish market
  • The price per kilogram for the $3 million tuna was about $4,900
  • The previous record for most expensive bluefin tuna was $1.76 million in 2013
  • The average price for bluefin tuna at Tokyo's fish market is around $40 per kilogram
  • In 2020, a 276-kilogram bluefin tuna sold for $1.8 million
  • The typical market price for bluefin tuna ranges from $20 to $200 per pound
  • The most expensive bluefin tuna are usually caught off the coast of Oma, Japan
  • Bluefin tuna can reach speeds of up to 43 miles per hour
  • The largest recorded bluefin tuna weighed 1,496 pounds
  • Bluefin tuna can live up to 40 years
  • The most expensive bluefin tuna are typically caught in December and January
  • The global bluefin tuna market is estimated to be worth over $42 billion annually
  • Japan consumes about 80% of the world's bluefin tuna catch
  • The most expensive bluefin tuna are often used for high-end sushi and sashimi
  • Bluefin tuna populations have declined by over 97% from historic levels

In the high-stakes game of fish auctions, where wallets are as deep as the ocean, the most expensive bluefin tuna command prices that could make even a billionaire flinch. Imagine shelling out $3 million for a 612-pound fish—yes, you read that right. At Tokyos Toyosu fish market, where the air is thick with the scent of money and fresh seafood, the price tag for a single bluefin tuna can reach astronomical heights. From record-breaking bids to jaw-dropping statistics, the world of bluefin tuna trading is a fascinating blend of luxury, tradition, and conservation concerns.

Biological Characteristics

  • Bluefin tuna can reach speeds of up to 43 miles per hour
  • The largest recorded bluefin tuna weighed 1,496 pounds
  • Bluefin tuna can live up to 40 years
  • The average size of bluefin tuna caught for commercial sale is around 600 pounds
  • Bluefin tuna can dive to depths of over 3,000 feet
  • The most expensive bluefin tuna are typically between 5 and 10 years old
  • Bluefin tuna can accelerate faster than a Porsche 911
  • The average lifespan of a farmed bluefin tuna is about 20 years
  • Bluefin tuna can maintain a body temperature up to 20°F warmer than the surrounding water
  • The average weight of commercially caught Pacific bluefin tuna is around 130 pounds
  • Bluefin tuna can grow up to 10 feet in length
  • Bluefin tuna can swim at sustained speeds of 25 mph

Interpretation

In the world of bluefin tuna, it's not just about speed and size; it's also about the price tag attached to these impressive ocean dwellers. With their ability to zip through the water faster than a Porsche 911 and dive to depths that would make even the bravest explorer gasp, it's no wonder these magnificent creatures fetch top dollar at auction. But it's not just their physical prowess that commands attention - their longevity, temperature regulation, and sheer size all contribute to the mystique surrounding the bluefin tuna. So next time you slice into a piece of sushi, remember the journey these mighty fish have taken to land on your plate.

Conservation Status

  • Bluefin tuna populations have declined by over 97% from historic levels
  • The Atlantic bluefin tuna is listed as endangered by the IUCN Red List
  • The Pacific bluefin tuna population is at just 3.3% of its historic size

Interpretation

The staggering statistics surrounding the Most Expensive Bluefin Tuna highlight a dire reality: we are essentially paying top dollar for the privilege of driving these magnificent creatures to the brink of extinction. With populations plummeting to alarming lows and the species facing the specter of endangerment, perhaps it's time we reconsider the true cost of indulging in this luxury delicacy. After all, a price tag can never capture the value of a species that teeters on the edge of oblivion.

Consumption Patterns

  • Japan consumes about 80% of the world's bluefin tuna catch
  • The most expensive bluefin tuna are often used for high-end sushi and sashimi
  • The most expensive bluefin tuna are often sold to high-end Japanese restaurants
  • Japan's annual bluefin tuna consumption has decreased from 40,000 tons in 2012 to about 30,000 tons in 2020
  • In 2019, the US imported 1,822 metric tons of fresh bluefin tuna
  • The global bluefin tuna market is dominated by Japan, which accounts for about 80% of consumption

Interpretation

It seems Japan's love affair with bluefin tuna is as deep as the ocean itself, with the country devouring a whopping 80% of the world's catch. While high-end sushi connoisseurs may be willing to shell out top dollar for a taste of the most expensive bluefin tuna, it appears that Japan's annual consumption has taken a slight dip in recent years. Perhaps this shift signals a changing tide in seafood preferences, or maybe it's just a blip in the ocean of culinary trends. Nonetheless, the global bluefin tuna market continues to swim in the wake of Japan's dominance, proving that when it comes to fish, opportunities to make a splash are never in short supply.

Fishing Locations

  • The most expensive bluefin tuna are usually caught off the coast of Oma, Japan
  • The most expensive bluefin tuna are often caught in the waters off Hokkaido, Japan

Interpretation

When it comes to reeling in the priciest bluefin tuna, it seems like the battle of the best catch is a high-stakes competition between Oma and Hokkaido in Japan. It's a fishy rivalry that goes beyond just bragging rights, with fishermen casting their nets far and wide in pursuit of these lucrative ocean treasures. Whether it's the pristine waters off Oma or the rich fishing grounds near Hokkaido, one thing is for sure – wherever there's expensive bluefin tuna, there's bound to be some serious cash swimming around. So, keep your rods ready and your wallets open, because in this game of high-seas treasure hunting, the real prize is found at the end of a fishing line.

Fishing Methods

  • The most expensive bluefin tuna are often caught using longline fishing methods
  • The most expensive bluefin tuna are often caught using traditional Japanese fishing techniques
  • The most expensive bluefin tuna are often caught in the early morning hours
  • The most expensive bluefin tuna are often caught using single-hook fishing methods
  • The most expensive bluefin tuna are often caught using pole-and-line fishing methods

Interpretation

The quest for the most expensive bluefin tuna seems to be a mix of tradition and innovation, where longline fishing rubs shoulders with pole-and-line techniques in the early morning light. It's as if these prized fish have a taste for the drama of being hooked by a single line rather than getting caught up in the hustle and bustle of modern fishing trawlers. Perhaps the message is clear: when it comes to landing the big one, sometimes a touch of finesse and old-school charm can reel in the biggest rewards.

Fishing Regulations

  • In 2018, Japan set a quota of 4,882 metric tons for Pacific bluefin tuna
  • The EU has set a total allowable catch of 36,000 tons for Eastern Atlantic bluefin tuna in 2021
  • The global catch of Atlantic bluefin tuna in 2020 was approximately 35,000 tons
  • In 2018, the total allowable catch for Southern bluefin tuna was set at 17,647 tons
  • In 2020, the total allowable catch for Mediterranean bluefin tuna was set at 36,000 tons
  • In 2021, the total allowable catch for Western Atlantic bluefin tuna was set at 2,350 tons

Interpretation

In a high-stakes game of "How much can we catch before they're all gone?" world leaders continue to set quotas for bluefin tuna that seem more like wishful thinking than sustainable management. With limits ranging from the perplexingly specific to the frustratingly arbitrary, it's clear that our appetite for this prized fish is testing the limits of its survival. As the numbers on paper rise and fall like waves, one can't help but wonder if we are truly navigating the choppy waters of conservation or simply casting lines into a sea of denial.

Fishing Seasons

  • The most expensive bluefin tuna are typically caught in December and January
  • Bluefin tuna fishing season in the Mediterranean typically runs from May to July
  • The most expensive bluefin tuna are often caught during the winter months

Interpretation

In a fascinating twist of seasonal extravagance, the elusive and esteemed bluefin tuna reveals its luxurious nature in the chilled air of winter, shunning the spotlight of the sun-drenched Mediterranean summer. As fishermen cast their lines in the frosty realms of December and January, the true treasure emerges, commanding unprecedented prices for these prized fish. It seems the twilight of the year holds not only the promise of snowflakes and hot cocoa but also the siren call of the most opulent bluefin tuna catches, proving once again that in the world of high-stakes fishing, winter is the new summer.

Market Prices

  • The average price for bluefin tuna at Tokyo's fish market is around $40 per kilogram
  • The typical market price for bluefin tuna ranges from $20 to $200 per pound
  • The global bluefin tuna market is estimated to be worth over $42 billion annually
  • The average price for bluefin tuna at Tokyo's first auction of 2022 was $175 per kilogram
  • In 2017, Mexico's bluefin tuna exports were valued at $62 million
  • The most expensive bluefin tuna are often evaluated based on fat content and color
  • In 2020, the US commercial bluefin tuna catch was valued at $9.8 million
  • In 2019, the global production of farmed bluefin tuna was approximately 40,000 tons
  • The average price for bluefin tuna at Spanish fish markets is around €25 per kilogram
  • The most expensive bluefin tuna are often sold through a traditional Japanese auction system
  • In 2020, the average export price of Japanese bluefin tuna was $33.5 per kilogram
  • The global bluefin tuna market is expected to reach $4.65 billion by 2027
  • The most expensive bluefin tuna are often aged for several days before being sold
  • The average price for bluefin tuna at Italian fish markets is around €20 per kilogram
  • The most expensive bluefin tuna are often evaluated based on their oil content
  • In 2019, the global production of Atlantic bluefin tuna was approximately 50,000 tons
  • In 2020, the average import price of bluefin tuna in the US was $13.8 per kilogram
  • The average price for bluefin tuna at Greek fish markets is around €18 per kilogram
  • The most expensive bluefin tuna are often sold within 24 hours of being caught
  • In 2020, the global production of Pacific bluefin tuna was approximately 15,000 tons
  • In 2019, the average export price of Spanish bluefin tuna was €11.5 per kilogram
  • The global bluefin tuna market is expected to grow at a CAGR of 5.8% from 2021 to 2027

Interpretation

In a world where the price of bluefin tuna can make your head spin faster than a school of fish in a feeding frenzy, it's clear that this coveted delicacy is swimming in some seriously deep waters. From Tokyo's fish markets where a single kilogram can fetch the price of a gourmet meal for two, to traditional Japanese auctions where the most prized specimens are scrutinized like contestants in a beauty pageant, the economics of bluefin tuna are as rich and mysterious as the depths from which they emerge. With global markets poised to swell to eye-watering figures and experts examining every ounce for fat, color, and oil content like sushi connoisseurs in a tasting competition, it seems that when it comes to bluefin tuna, the only limit is the price tag.

Record Sales

  • A 612-pound bluefin tuna sold for $3 million in 2019 at Tokyo's Toyosu fish market
  • The price per kilogram for the $3 million tuna was about $4,900
  • The previous record for most expensive bluefin tuna was $1.76 million in 2013
  • In 2020, a 276-kilogram bluefin tuna sold for $1.8 million
  • In 2021, a 208-kilogram bluefin tuna sold for $202,000 at Tokyo's Toyosu market

Interpretation

The bloated prices of bluefin tuna at Tokyo's fish market seem to be swimming in a sea of extravagance, with buyers shelling out sums that could make even the wealthiest of fish blush. From the jaw-dropping $3 million splurge for a single 612-pound tuna to the more modest (but still eye-watering) $202,000 spent on a 208-kilogram fish in 2021, it's clear that these prized catches are reeling in more than just a few dollars. With prices per kilogram soaring to almost $5,000 for the top-tier tuna, one thing is certain: these fish are making a splash in the world of luxury cuisine.

References