Weird News White truffles fetch 75,000 euros at Italian auction

13:21  13 november  2017
13:21  13 november  2017 Source:   Relaxnews (AFP)

White truffles fetch 75,000 euros at Italian auction

  White truffles fetch 75,000 euros at Italian auction A lot of around 850 grammes (1.9 pounds) of white truffles was sold for 75,000 euros (£66,734) in a top Italian auction on Sunday.  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.

© AFP | White truffles are displayed after being sold for 75 , 000 euros to a buyer from Hong Kong during the World Alba White Truffles Auction at the Grinzane Cavour castle near Alba, northwestern Italy , on November 12, 2017.

ALBA: A lot of around 850 grammes (1.9 pounds) of white truffles was sold for 75 , 000 euros (,500) in a top Italian auction on Sunday. 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 .

A woman smells white truffles during the World Alba White Truffles Auction at the Grinzane Cavour castle near Alba, northwestern Italy, on November 12, 2017. © Getty Images A woman smells white truffles during the World Alba White Truffles Auction at the Grinzane Cavour castle near Alba, northwestern Italy, on November 12, 2017. A lot of around 850 grammes (1.9 pounds) of white truffles was sold for 75,000 euros ($87,500) in a top Italian auction on Sunday.

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 Centre noted that the auction price was "symbolic" and did not necessarily reflect the true market price, since the proceeds were donated to charitable causes.

White truffles fetch 75,000 euros at Italian auction

  White truffles fetch 75,000 euros at Italian auction A lot of around 850 grammes (1.9 pounds) of white truffles was sold for 75,000 euros (£66,734) in a top Italian auction on Sunday.  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.

The auction price was "symbolic" and did not necessarily reflect the true market price, since the proceeds were donated to charitable causes. ALBA: A lot of around 850 grammes (1.9 pounds) of white truffles was sold for 75 , 000 euros (US,500) in a top Italian auction on Sunday.

A lot of around 850 grammes (1.9 pounds) of white truffles was sold for 75 , 000 euros (,500) in a top Italian auction on Sunday. 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 .

Nevertheless, dry conditions this year had sent the market price soaring to 6,000 euros per kilogramme from 3,000-4,000 euros last year, she told AFP.

A recent drought influenced the quantity, "but not the quality of the truffles," Gianicolo said.

"The situation has recently improved slightly, but it's clear that it's not going to be a great year. There certainly aren't going to be very large truffles up for auction, even if they're still very good truffles," she said.

Alba has hosted Italy's most famous white truffle market, during which the auction is held, for close to 90 years.

Italian FA chief resigns after World Cup fiasco .
Italian FA president Carlo Tavecchio has resigned after Italy's World Cup qualifying fiasco saw the four-time champions miss the finals for the first time in 60 years, an FIGC official confirmed on Monday. The 74-year-old handed in his resignation during a crisis meeting of the Italian Football Federation (FIGC) in Rome."He informed us of his resignation," Damiano Tommasi, the head of the Italian Players' Union, told journalists outside the federation headquarters.

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