Stanley Ho bangs Damien Hirst with $330,000 White Truffle at Charity Auction

The long anticipated wait for the sale of Italian white truffle came to an end lately when Macau billionaire Stanley Ho made the highest bid of record $330,000 for a white truffle at a charity auction across the three cities of London, Florence and Macau. The bid thrashed the contending bids from the U.K-based artist Damien Hirst and Sheik Mansoor Bin Zayed al Nahyan of Abu Dhabi.
The 1.5-kilogram (3.3 pounds) tuber magnatum pico, a largest truffle was identified on 23 November by an italian truffle hunter who spent almost an hour digging down 80cm (2.6ft) uncovered in half a century near Pisa. Later, Cristiano and Luciano Savini donated the truffle to the International Tuscan Truffle Auction. The event, in its fifth year, was held simultaneously ON 1 December in London, Florence and Macau. The previous record for a truffle was $212,000.
The sales generation has beaten a previous record of $212,000. The total sales generated out of this auction stood at $453,000 and the earnings would be donated to diverse charities across countries including the Consortium for Street Children in the U.K; the Telethon in Italy and Caritas in China.
Via Bloomberg

White Truffle

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