• Italy edition
 
Chinese woman spends €90k on an Italian truffle
By weight the €90,000 truffle is three times more expensive than gold. Photo: Tuscanycious/Flickr

Chinese woman spends €90k on an Italian truffle

Published: 11 Nov 2013 11:02 GMT+01:00
Updated: 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
Italy among worst places in EU to grow old
Retirees would do best to head north, with Norway taking the top spot for older people’s wellbeing. Old people photo: Shutterstock

Italy among worst places in EU to grow old

Italy is one of the worst countries in Europe to grow old due to a poor safety record and substandard public transport for the elderly, according to a report released on Wednesday. READ  

CHAMPIONS LEAGUE
Italy and England unite in Totti adoration
AS Roma forward Adem Ljajic (L) celebrates with Francesco Totti after his goal. Photo: Giuseppe Cacace/AFP

Italy and England unite in Totti adoration

Italy and England rarely agree on football matters, but the two countries were united in saluting record-breaking striker Francesco Totti on Wednesday. READ  

Rare Italian WWII bomber found in Adriatic
Only two Junkers Ju 87 bombers have been preserved. Junkers Ju 87 photo: Shutterstock

Rare Italian WWII bomber found in Adriatic

A rare Second World War bomber, thought to be Italian, has been found in Croatia's central Adriatic more than seven decades after it was shot down, the national conservation institute said on Wednesday. READ  

Brit in bid to set Milan metro travel record
Adham Fisher will attempt to travel the Milan metro system in the fastest possible time. Photo: Private

Brit in bid to set Milan metro travel record

A British world record holder will on Thursday attempt to travel through all 103 Milan metro stations in the fastest possible time in his latest underground mission. He tells The Local what made him take up such an unusual hobby. READ  

Kercher case will reach high court in March
If the guilty verdict is upheld, authorities are expected to request Amanda Knox's extradition from the United States. Photo: Mario Laporta/AFP

Kercher case will reach high court in March

The murder trial of Amanda Knox and Raffaele Sollecito will reach Italy’s highest court in March 2015, more than a year after they were found guilty of killing British student Meredith Kercher. READ  

Eni managers in tax evasion probe
The alleged tax fraud at Eni amounted to over €2 million. Photo: Luca Mascaro

Eni managers in tax evasion probe

UPDATED: Eni, the Italian oil and gas giant, has pledged "full cooperation" with the authorities after it was revealed that a former marketing chief and a current manager are being probed for alleged tax evasion. READ  

Americans caught in central Florence romp
Piazza della Signoria is a tourist hotspot in the heart of Florence. Piazza della Signoria: Shutterstock

Americans caught in central Florence romp

A couple, believed to be American, has been caught on camera having sex in the heart of Florence’s historical centre. READ  

Italian police get backing for Taser gun trial-run
Taser guns may soon be used by Italian police as part of a trial-run. Photo: Taser gun photo: Shutterstock

Italian police get backing for Taser gun trial-run

Italian police may soon be able to use controversial Taser guns to diffuse violence after a parliamentary committee gave its initial backing to a trial-run on Thursday. READ  

180 Italian couples in UK 'quickie' divorce scam
The divorces of 180 Italian couples registered in British courts were declared void after officials uncovered widespread fraud. Wedding cake photo: Shutterstock

180 Italian couples in UK 'quickie' divorce scam

The divorces of 180 Italian couples registered in courts in England and Wales were on Tuesday declared void after officials uncovered widespread fraud. READ  

ITALY SPENDING CUTS
Italy's state barbers' pay trimmed...to €99,000
Italy's government barbers will have their pay capped at €99 a year. Note, the men pictured are not parliamentary workers. Barber photo: Shutterstock

Italy's state barbers' pay trimmed...to €99,000

Long-serving barbers paid to style Italy's politicians will see €37,000 shaved off their salaries, as part of government spending cuts which will cap their incomes at €99,000 a year. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Business & Money
Chinese fashion titans look to Italy for value
National
Clooney wedding 'good news for the Middle East'
National
QUIZ: Test your Italian language skills
Education
Italy top of the class for teaching English
National
Italians offered €30 a day to host a migrant
Tech
Azerbaijan beats Italy in internet stakes
Society
Marriage scrapped due to 'mummy's boy' husband
Politics
Italy separatists unfazed by Scotland's 'no'
Culture
Ten 'rude' Italian phrases you can get away with
Health
7,000 apply for two nursing jobs in Veneto
Education
Mother laments number of 'foreigners' at school
Health
One quarter of Italian teens has tried cannabis
Travel
American tourists caught with Pompeii relic
National
Seven whales stranded on Italian beach
Education
Top tips: how to learn Italian
Culture
Italy's expat tribes: What kind are you?
Education
Ranked: Italy's best MBAs in English
Business & Money
Ferrari: champ on road, flop on racetrack
National
Italy set to lose crown of biggest wine producer
National
Pizzeria robbery 'miracle' as gun jams
Society
Clooney to marry in Venice in September
Society
Bilingualism: 'I see English as a present I'm giving them'
Education
Top Ten: The world's best unis to study Italian
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

461
jobs available