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Thread: World Record Price???

  1. #1
    Daihonmei MikeM's Avatar
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    World Record Price???

    It is reported that at Sakai Fish Farm's auction a 101cm Kohaku went for approximately $1.7 million. She is #001 on the auction preview: http://sff-koi.com/en/auction_detail/ . Hopefully this remains available for a while. The report on her price is at https://www.youtube.com/channel/UCmh...able_polymer=1 . (Note: the labeling information differs, but the photo is of the same fish.) As far as public information is available, it would be a record auction price if true.

    I have to wonder why a meter plus Kohaku was put up for auction. It only makes sense to me if SFF already had multiple dealers seeking to acquire the fish on behalf of different purchasers. Putting it up for auction would resolve the negotiations at the highest price.

    Is she worth it? On one hand, the video at the auction preview site shows a body form which is certainly very good for a Kohaku over a meter in length, but hardly what I consider ideal. On the other, if price reflects rarity, she certainly is rare. Kohaku exceeding a meter in length and keeping such strong pigment development are rare to the point that one could have said 'They don't happen'. But, now we know they can. Looked at in the context of the history of kohaku, she is one out of billions.

    I hope the purchaser spends time enjoying her before the cut flower fades. I would find it sad if the new owner remained long distance, showing up only when she was entered in a show in the hope of claiming a trophy. The movie Crazy Rich Asians comes to mind.
    Last edited by MikeM; 10-04-2018 at 09:24 AM. Reason: update link
    Brian likes this.

  2. #2
    Fry
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    That fish didn't seem to have that much of a hump

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  3. #3
    Fry
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    Oh wait nvm it has an ugly af hump

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  4. #4
    Daihonmei MikeM's Avatar
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    Rumor posted on another board is that she was acquired by a breeder in Taiwan. That would make somewhat more sense than a hobbyist just seeking a meter+ Kohaku, I guess. But, the economics of breeding are such I doubt it will pay off. Are there enough hobbyists willing to pay a premium for jumbo tosai from a meter+ oyagoi to get a decent return on the investment? ...paying for "the sizzle, not the fish"? And, would they go to a breeder other than SFF? Mmmmmmm..... 500 jumbo tosai marketed at $1,000 each with a lot of hype would take at least 4 breeding seasons to recoup the investment and costs. Seems questionable to me that she would last that long as oyagoi. She is already old by oyagoi standards.

  5. #5
    Sansai
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    Quote Originally Posted by cktyu View Post
    Oh wait nvm it has an ugly af hump

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    Wait till you see those with two humps

    Garfield

  6. #6
    Administrator Brian's Avatar
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    Found this on a Japanese tweet from Twitter. Looks like it made the television news in Japan. 230 million yen...wow

    World Record Price???-sff230milkohaku.jpg
    Brian Sousa
    Koi-Bito Forum

  7. #7
    Daihonmei MikeM's Avatar
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    That would be over $2million at today's exchange rate. ....$1.7million was shocking enough. If I won the billion dollar Mega Millions lottery, I too would not know what to do with it all. I can hope it would not be spending $2million on a fish, but no chance of learning how weak a sense of proportion I would have. I haven't wasted $2 on a 1 in 302million chance. Maybe I should.

  8. #8
    Administrator Brian's Avatar
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    $1.7 million could pay for a lot of farm infrastructure which would seem like a better investment if it is indeed a Taiwanese breeder that bought the kohaku. It's a lovely kohaku no doubt and I'm happy that SFF set a new auction record with it. From what I've observed over the years though, famous koi or very expensive koi with high expectations rarely live it up to those expectations. Loran would be just one example. Still, if you can afford the 1.7 mil, then I think that is probably calculated in and there's a plan B too. Or it might just be for bragging rights.

    Even if I won the Mega Millions, I'd prefer to be around 20 parent candidates for the same money. :-)
    Brian Sousa
    Koi-Bito Forum

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