Record $3.1 million paid in New Year’s tuna auction at Japan’s new market

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Kiyomura Co’s President Kiyoshi Kimura, center, who runs a chain of sushi restaurants Sushi Zanmai, poses with a 278kg bluefin tuna, priced with a ¥333.6 million bid at the Toyosu fish market’s first tuna auction this year. (Reuters)
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Wholesalers participate in the new year’s first auction of tuna at the Toyosu Market in Tokyo on January 5. (AFP)
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Tokyo Governor Yuriko Koike, center, inspects the new year’s first auction of frozen tuna at the Toyosu Market in Tokyo on January 5. (AFP)
Updated 05 January 2019
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Record $3.1 million paid in New Year’s tuna auction at Japan’s new market

  • ‘It’s the best tuna. I was able to buy a delicious, super fresh tuna’
  • Japan consumers a large portion of the global bluefin catch

TOKYO: A Japanese sushi entrepreneur paid a record $3.1 million for a giant tuna Saturday as Tokyo’s new fish market, which replaced the world-famous Tsukiji late last year, held its first pre-dawn New Year’s auction.
Bidding stopped at a whopping ¥333.6 million for the enormous 278-kilogram fish — an endangered species — that was caught off Japan’s northern coast.
Self-styled “Tuna King” Kiyoshi Kimura paid the top price, which doubled the previous record of 155 million yen also paid by him in 2013.
“It’s the best tuna. I was able to buy a delicious, super fresh tuna,” the sushi restaurant chain owner proudly told reporters.
“The price was higher than originally thought, but I hope our customers will eat this excellent tuna,” Kimura said after the auction.
Tsukiji — the world’s biggest fish market and a popular tourist attraction in an area packed with restaurants and shops — moved in October to Toyosu, a former gas plant a bit further east.
Opened in 1935, Tsukiji was best known for its pre-dawn daily auctions of tuna, caught from all corners of the world, for use by everyone from top Michelin-star sushi chefs to ordinary grocery stores.
Especially at the first auction of the new year, wholesalers and sushi tycoons have been known to pay eye-watering prices for the biggest and best fish.
Despite the relocation, the auction ritual remained intact: before dawn, buyers in rubber boots were inspecting the quality of the giant fresh and frozen tunas by examining the neatly cut tail end with flashlights and rubbing slices between their fingers.
At 5:10 am, handbells rang to signal the auction was underway and the air filled with the sound of auctioneers yelling prices at buyers, who raised fingers to indicate interest.
In a roar of wholesalers surrounding the day’s best tuna, an auctioneer hammered the top price as the Kimura side outbid his rival wholesaler in a thrilling head-to-head battle.
Japan consumers a large portion of the global bluefin catch, a highly prized sushi ingredient known in Japan as “kuro maguro” (black tuna) and dubbed by sushi connoisseurs as the “black diamond” because of its scarcity.
A single piece of “otoro,” or the fish’s fatty underbelly, can cost dozens of dollars at high-end Tokyo restaurants.
The new market has already opened its auction warehouse to visitors to witness the organized pre-dawn chaos from a balcony, hoping to take over a must-see spot for tourists from Tsukiji.
“Finally, the first New Year auction was held at Toyosu market,” said Yoshihiko Otaki, a market official.
“We have a lot of tuna here like we did in Tsukiji,” he said.
Tokyo governor Yuriko Koike, wearing white rubber boots, said: “I sincerely hope this market will be loved by many people.”
The relocation was a lengthy and controversial process.
Few would contest the fact that Tsukiji was past its prime, and there were concerns about outdated fire regulations and hygiene controls.
In contrast, the new market, located around two kilometers to the east at Toyosu, boasts state-of-the-art refrigeration facilities and is nearly twice as big again as Tsukiji.
But Toyosu is located on the site of a former gas plant and the soil was found to be contaminated, forcing local authorities to spend millions of dollars to clean it up and delaying the move.


Cambodia takes back looted historic artifacts handled by British art dealer

Updated 28 February 2026
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Cambodia takes back looted historic artifacts handled by British art dealer

  • The objects were returned under a 2020 agreement between the Ministry of Culture and Fine Arts and the family of the late Douglas Latchford, a British art collector and dealer who allegedly had the items smuggled out of Cambodia

PHNOM PENH, Cambodia: Cambodian officials on Friday received more than six dozen historic artifacts described as part of the country’s cultural heritage that had been looted during decades of war and instability.
At a ceremony attended by Deputy Prime Minister Hun Many, the 74 items were unveiled at the National Museum in Phnom Penh after their repatriation from the United Kingdom.
The objects were returned under a 2020 agreement between the Ministry of Culture and Fine Arts and the family of the late Douglas Latchford, a British art collector and dealer who allegedly had the items smuggled out of Cambodia.
“This substantial restitution represents one of the most important returns of Khmer cultural heritage in recent years, following major repatriations in 2021 and 2023 from the same collection,” the Culture Ministry said in a statement. “It marks a significant step forward in Cambodia’s continued efforts to recover, preserve, and restore its ancestral legacy for future generations.”
The artifacts were described as dating from the pre-Angkorian period through the height of the Angkor Empire, including “monumental sandstone sculptures, refined bronze works, and significant ritual objects.” The Angkor Empire, which extended from the ninth to the 15th century, is best known for the Angkor Wat archaeological site, the nation’s biggest tourist attraction.
Latchford was a prominent antiquities dealer who allegedly orchestrated an operation to sell looted Cambodian sculptures on the international market.
From 1970 to the 1980s, during Cambodia’s civil wars and the communist Khmer Rouge ‘s brutal reign, organized looting networks sent artifacts to Latchford, who then sold them to Western collectors, dealers, and institutions. These pieces were often physically damaged, having been pried off temple walls or other structures by the looters.
Latchford was indicted in a New York federal court in 2019 on charges including wire fraud and conspiracy. He died in 2020, aged 88, before he could be extradited to face charges.
Cambodia, like neighboring Thailand, has benefited from a trend in recent decades involving the repatriation of art and archaeological treasures. These include ancient Asian artworks as well as pieces lost or stolen during turmoil in places such as Syria, Iraq and Nazi-occupied Europe. New York’s Metropolitan Museum of Art is one of the prominent institutions that has been returning illegally smuggled art, including to Cambodia.
“The ancient artifacts created and preserved by our ancestors are now being returned to Cambodia, bringing warmth and joy, following the country’s return to peace,” said Hun Many, who is the younger brother of Prime Minister Hun Manet.