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White truffles that are worth three times price of gold

GOLD NUGGETS: Truffles being displayed at the World Alba White Truffles Auction in Grinzane Cavour, Italy, on Sunday. Two truffles weighing 950g were sold for 90,000 euros to a buyer from Hong Kong.


    Nov 13, 2013

    White truffles that are worth three times price of gold

    ELEVEN white truffles have gone under the hammer in Italy for 274,200 euros (S$458,500), including a pair bought by an anonymous buyer in China who paid 90,000 euros, auctioneers said on Monday.

    A "famous Chinese writer" bidding by satellite telephone from Hong Kong outbid competitors for a 950g pair of truffles, organisers said, paying three times the price of gold for the white delicacy.

    The auction, which took place on Sunday in the Grinzane Cavour castle in the Piedmont region of northern Italy, also saw an unnamed buyer snap up a 305g specimen to be given as a gift to New York's new mayor, Mr Bill De Blasio.

    The sums raised at the 14th edition of the White Truffle of Alba auction will be given to the Piedmont Foundation for Cancer Research and go towards the purchase of a CAT scanner for the "San Lazzaro" hospital in Alba.

    The funds raised by the Hong Kong sale will go to the Mother's Choice institute which cares for orphans and mothers in difficulty, the organisers said.