It should be noted that even the $70,000 price tag is unaccountably high. The price for Bluefin Tuna in Japan peaked at $34 per kilogram in 1990 and has been in decline (with occasional fluctuations) since. At that price, a 350 kilogram fish would only sell for ~$12,000. This year’s first fish appears to have weighed 230 kilograms.
Southern Bluefin Tuna are critically endangered, yet political maneuvering has kept tuna fisheries open and several Pacific nations have been caught falsifying their catch reports. Even still, the massive sale of the first tuna of the year is not indicative of the real demand for Bluefin Tuna.
Today marks the first Tsukiji fish market tuna auction of 2013, and, as in the previous two years, the first fish sold broke all previous records. In 2011, the record breaking tuna sold for $396,000. Last year, we tipped the scales at $736,000. Early this morning, the record breaking bluefin tuna blew the previous records out of the water, fetching a whopping $1,800,000 at the auction block, making this 488-lb tuna the most expensive fish ever purchased.
Over the next few weeks, I’m certain that we’ll see this number presented as an argument against bluefin tuna fishing, as an example of an industry out-of-control, and as a symbol of how ruthlessly we’ll hunt the last few members of a species to put on our dinner plates. These issues are reflected in the tuna market, but I want to urge caution in drawing too many conclusions from this record breaking number.