• Italy's news in English
 

Chinese woman spends €90k on an Italian truffle

Published: 11 Nov 2013 11:02 GMT+01:00

An anonymous Chinese writer, living in Hong Kong, bought the €90,000 truffle via satellite link from the Grinzane Cavour Castle in Alba, Piedmont, the event's organizer said in a statement on Sunday.

At just 950g the truffle price tag is three times that of gold, the statement said.

The truffles, likened to mushrooms, grow underground among particular trees and are foraged in Italy by a licensed hunter and a specially-trained dog. While Alba is the home of the white truffle, a number of different varieties exist and are hunted in other parts of the country under tight regulation.

Yesterday’s auction of 11 truffles also included one weighing 305g, bought as a gift for Italian-American Bill De Blasio just days after he was elected mayor of New York. The price tag and the name of the buyer were not disclosed by the organizer.

While Sunday’s buyers chose to remain anonymous, some fans of the pricey delicacy are less shy. Last November New York rapper Jay-Z hit the headlines with a €15,000 truffle spree in Alba.

The latest auction, at the start of the truffle season, suggests the super rich remain committed to the pricey delicacy despite the economic crisis.

The new purchases can be shaved onto pasta, a risotto or used to infuse honey or pesto. 

Don't miss a story about Italy - Join us on Facebook and Twitter.

Your comments about this article

Today's headlines
Why Libya is ringing alarm bells in Italy
Soldiers in Benghazi, eastern Libya, in February 2015. Photo: Abdullah Doma/AFP

Why Libya is ringing alarm bells in Italy

As Rome rings alarm bells over the deteriorating situation in Libya, The Local investigates the ramifications of a conflict across the Mediterranean. READ  

The Local List
James Bond's best Italian moments
Bond, played by Roger Moore, in a gondola in Moonraker. Screengrab: Adrien Malbosc/YouTube

James Bond's best Italian moments

From a car chase along the Sardinian coast to a high-speed gondola chase in Venice, Italy has provided the backdrop for some of the most exciting James Bond scenes to date. As filming wraps on Spectre - the latest 007 film - we take a look at Bond’s best Italian moments. READ  

How Islamic college plan has split Italian town
Plans are underway to bring an Islamic University to Lecce, in Puglia. Photo: Lecce photo: Shutterstock

How Islamic college plan has split Italian town

Plans to build an Islamic university for 5,000 students in a small town in Italy's heel will help change attitudes towards Muslims, organizers say. But many locals are afraid that it will change the character of Lecce - and are asking who's paying for it. READ  

Ten dead after migrant boat capsizes off Sicily
The EU pledged last month to increase aid to Italy to help cope with the ongoing influx of migrants. Photo: Gabriel Buoys/AFP

Ten dead after migrant boat capsizes off Sicily

UPDATED: A boat transporting migrants has capsized off Sicily, killing at least ten people, while hundreds have been rescued in various incidents over the past day, the Italian coast guard said on Wednesday. READ  

3.7 earthquake hits Tuscany overnight
The earthquake's epicentre was registered between Florence and Siena. Tuscany photo: Shutterstock

3.7 earthquake hits Tuscany overnight

People living in the Florence and Siena areas were woken by strong tremors after an earthquake registering 3.7 on the Richter scale hit Tuscany overnight. READ  

Brazil orders deportation of Italian extremist
Italian extremist and writer Cesare Battisti at his home in Rio de Janeiro in 2007. Photo: Christophe Simon/AFP

Brazil orders deportation of Italian extremist

A Brazilian federal judge on Tuesday ordered the deportation of Italian extremist and writer Cesare Battisti, convicted of murder in his homeland, citing legislation providing for the removal of wanted foreign nationals. READ  

Italy adopts plan to shift into internet fast lane
Italy's government adopted a €6 billion plan on Tuesday to modernize its internet network. Photo: Internet photo: Shutterstock

Italy adopts plan to shift into internet fast lane

Italy's government adopted a €6 billion plan on Tuesday to modernize its internet network and improve access to broadband in hopes of shedding its reputation as one of Europe's online laggards. READ  

Italy to nationalize Ilva steel plant
The Ilva site in Taranto, in the Puglia region of southern Italy, employs over 14,000 people. Photo: Donato Fasano/AFP

Italy to nationalize Ilva steel plant

Italy's parliament approved on Tuesday a government decree temporarily nationalizing the country's loss-making Ilva steel plant, one of the most polluting in Europe, in the hope of finding a new owner. READ  

Spain outstrips Italy and France in wine exports
Spain's King Felipe and Queen Letizia enjoy some cava on a visit to a Spanish vineyard. Photo: Josep Lago/AFP

Spain outstrips Italy and France in wine exports

Spain is the biggest exporter of wine in the world, beating Italy and France, according to the latest figures from the Spanish wine market observatory. READ  

Italy to join Ukraine crisis call with Obama
Italy's Prime Minister Matteo Renzi will join a call with US President President Barack Obama and other European leaders about the Ukraine crisis and other "global security issues". Photo: Tiziana Fab

Italy to join Ukraine crisis call with Obama

President Barack Obama will hold a secure video conference with European leaders to discuss the crisis in Ukraine on Tuesday, as Russia faces possible further sanctions for its role in the conflict. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Sport
Purrfect catch: Italian twins land giant catfish
National
VIDEO: Massive sinkhole opens up in Naples
Culture
Italians 'don't love' their language
National
In pictures: Italians mock Isis on Twitter
Opinion
Could Isis terrorists really invade Italy?
International
EU to increase migrant aid to Italy
National
Lampedusa: Tiny Italian island swamped by migrant tide
Culture
Italy sells off Mussolini buildings to raise cash
National
Italians are Europe's most reckless drivers
National
Why flirty Italians still don't do online dating
Gallery
Top 10: the most romantic places to propose in Italy
National
Top 10: your favourite Italian words
International
Bond meets Snowden: The HSBC whistleblower
Education
Ten common mistakes Italians make in English
National
What makes life in Bolzano so good?
National
Swiss town's ploy against workers living in Italy 'not racist'
International
What's keeping UK expats from voting?
Sponsored Article
Are you an American expat? How to face FATCA
Travel
How the weak euro is boosting tourism to Italy
Politics
Italy sends mixed signals on Greek debt
National
Top 10 delightfully irrational Italian superstitions
Politics
Sergio Mattarella: Sicilian 'man of the law'
National
10 Italian words used differently in English
National
26-year jail term sought for Concordia captain
Vatican
What did you think of the Pope's rabbit rant?
Culture
Italy seizes more than 5,000 looted artefacts
International
How can an American get Italian citizenship?
Travel
Italian hotel named best in world for families
Culture
Top 15 English words reinvented by Italians
Culture
Top 10: The best Italian inventions
Politics
Deputy Senate chief in Syria hostage sex row
National
A portrait of modern Italy in 10 stats
National
Muslims in Italy react to new Charlie Hebdo
National
Europe in statistics - from Spain to Sweden
Culture
Rome's Trevi pays tribute to late La Dolce Vita star
Politics
Paris attacks: Knock-on effects across Europe
National
Should Italy spy more after the Paris attack?
National
Italy moves to widen smoking ban
National
New mosque ban in Padua after Paris attacks
Business & Money
Italy banks on a future with foreign investors
National
Sicily bridge collapses within days of opening
Business & Money
Italy's luxury brands defy economic crisis
International
Why migrant smugglers are using 'ghost ships'
National
The Local's aspirations for Italy in 2015
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

1,010
jobs available