White truffles sell for US$87,500
Print Edition
A LOT of around 850 grams of white truffles was sold for 75,000 euros (US$87,500) in a top Italian auction recently.
The buyer from Hong Kong placed their winning bid via satellite at the World Alba White Truffles Auction at the Grinzane Cavour castle in Piedmont, northwestern Italy.
Isabelle Gianicolo of the National Truffle Study Center noted that the auction price was 鈥渟ymbolic鈥 and did not necessarily reflect the true market price, since the proceeds were donated to charity.
Nevertheless, dry conditions this year had sent the market price soaring to 6,000 euros per kilogram from 3,000-4,000 euros last year.
A recent drought influenced the quantity, 鈥渂ut not the quality of the truffles,鈥 Gianicolo said.
鈥淭he situation has recently improved slightly, but it鈥檚 clear that it鈥檚 not going to be a great year. There certainly aren鈥檛 going to be very large truffles up for auction, even if they鈥檙e still very good truffles,鈥 she said.
Alba has hosted Italy鈥檚 most famous white truffle market, during which the auction is held, for close to 90 years.
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