A rare 850g white truffle has been sold for $96,000 in an auction in the Italian region of Alba.
An anonymous Hong Kong buyer paid nearly 30 times this year’s market price for the truffle.
The annual auction held in the region near Turin saw the unusually large white truffle sold at a price that would value it at just over $100 per gram.
The white truffles of the Alba region are highly sought after and are unearthed between September 21 and January 31.
This year’s harvest was excellent, both in terms of quantity and quality, after a difficult season last year.
Alba has hosted truffle auctions for 88 years as part of its annual truffle fair.
WHAT IS A TRUFFLE?
A truffle is a type of fungus and are usually found in close association with tree roots.
Some of the truffle species are highly prized as food.
The first black truffles (Tuber melanosporum) to be produced in the Southern Hemisphere were harvested in Gisborne, New Zealand, in 1993.