placement: 'Below Article Thumbnails', Only 600 bottles of this type of wine were produced in 1945, which is why it's so coveted.Scotch whiskyConsidered the "holy grail" of Scotch whisky by Sotheby's, a 60-year-old bottle of Macallan whisky sold for almost $1.9 million in October. Like CNBC Make It on Facebook.Don't miss:This $65 bottle of eco-vodka removes carbon dioxide from the airSpanx billionaire bought Olivia Newton-John's electrifying 'Grease' finale pants for $162,000These famous Rolex watches could become 2 of the most expensive ever soldSource: Read Full Article window._taboola = window._taboola || []; At an auction in Tottori, Japan, a Japanese fishery wholesaler bid $46,000 on a snow crab and won, CNN reports. Most Helpful Guys. The crab, which sold for 2 million yen ($17,700), was caught in the port… In 2017 it imported 21,969t, 17% less than the 25,666t it imported in 2016, based on the figures shared at the conference. ketfoen | 130 opinions shared on Health & Fitness topic. i have always wanted to try king crab legs but its like 20 to 25 dollars. Why is good King Crab so Expensive. There are lots of reasons, so let’s start at the top. We use cookies for performance, security and analytics. The whisky was distilled in 1926, but bottled in 1986, according to USA Today.Blue cheeseA two-hour bidding war for a wheel of Cabrales blue cheese ended with a restaurateur paying $16,000 in August 2018, according to Guinness World Records. Like CNBC Make It on Facebook. You're missing out. The World’s Most Expensive Snow Crab Was Just Auctioned Off for $46,000. PTI Last Updated: Nov 07, 2019, 06:32 PM IST. “You can’t charge $20 for a buffet at a Chinese restaurant and put an $8 snow crab in there,” he said. Both are caught with the aid of crab pots in the Bering Sea, though opilio can also be found in the northwest Atlantic Ocean, off the coast of Canada, as well as the North Pacific Ocean. Nicknamed "five shining star" for its impressive shape and thick legs, the 2.7-pound crab was purchased by Tetsuji Hamashita, president of a Japanese fishery wholesaler. Considered the "holy grail" of Scotch whisky by Sotheby's, a 60-year-old bottle of Macallan whisky sold for almost $1.9 million in October. These factors contribute to the high price of king crab. Alaskan King Crab caught by the US fleet are artificially expensive due to low quotas imposed as much to keep the price inflated as to protect against overfishing. We and our partners use cookies on this site to improve our service, perform analytics, personalize advertising, measure advertising performance, and remember website preferences. "I know it's extreme. There was a big drop off in promotional activity for snow crabs in 2017, according to a slide presented at the Miami conference. DFO, last April, set the 2017/2018 TAC for the Newfoundland and Labrador fishery at 35,419t, 22% lower than the previous year. The high price of snow crab is particularly bad news for the food service industry, which traditionally accounts for 40% to 50% of the value of purchases of the species in the US, the panel in Miami said. Further confounding the US market is that while its domestic catch is way off, so too are imports. Photo by Tim Moffitt. "These were smuggled from North Korea from last night," said an elderly woman as she happily pulled a crab from a cold tank. Tweet. Snow crab legs are typically less expensive than king crab legs. Charles Jameson, a top exec at the Eastern Fish Company, in Teaneck, New Jersey, remembers well being able to work with his many restaurant, retail and casino customers to come up with promotional ideas. 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