Record price paid for a snow crab at an auction in Japan

A snow crab - "five shining star" - weighing 1.2 kg (2.7 pounds) and measuring 14.6 cm (5.74 inches) wide was auctioned off in Tottori, Japan for a whopping 5 million yen ($46,000).

It's the highest-ever price paid for a snow crab. The previous Guinness world record holding snow crab sale of 2 million yen ($18,000), which was set last year, also in Tottori. The winning bidder was Tetsuji Hamashita, president of fishery wholesaler Hanashita Shoten. he reason why the crab was so expensive has to do with the timing of the sale. It's typical for prices to start high on opening day of hunting season. To pay much is a status symbol.

Tetsuji Hamashita

This prized crab will go to a restaurant in Tokyo’s Ginza neighborhood. According to the organizers, auction attendees were surprised by the price as well. This crab species is found in the waters off Tottori prefecture, on Japan's main island of Honshu, between Osaka and Hiroshima. The water in Tottori is considered ideal for crab fishing, because it’s deep and clean. Not only crabs are subjects of such haut price auctions. Kiyoshi Kimura, the owner of a sushi restaurant chain, paid $3.1 million for a bluefin tuna in January. This was five times the expected price.