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Japan's historic Tsukiji market holds final auction

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AFP Tokyo
Tokyo's world-famous Tsukiji fish market held its last pre-dawn New Year's auction today before closing down for relocation, with the highest bidder paying more than USD 320,000 for a giant tuna.

After more than 80 years in operation, the world's biggest fish market, a popular tourist attraction in an area packed with restaurants and shops, will move to Toyosu, a former gas plant a bit further east, on October 11.

The market, which opened in 1935, is best known for its pre-dawn daily auctions of tuna, caught from all corners of the ocean, for use by everyone from top Michelin-star sushi chefs to ordinary grocery stores.
 

Before dawn, buyers in rubber boots inspected 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 5:30 am, auctioneers rang handbells to signal the start of the auction and buyers began a flurry of bidding with hand signals for their preferred tunas.

The highest bidder -- whose name was not revealed -- paid 36.5 million yen for a tuna weighing more than 400 kilogrammes (880 pounds) caught off northern Aomori prefecture, according to the market.

"We have to continue the Tsukiji brand and establish a new brand" at the new site, Shigeo Yokota, the representative of buyers, said in his New Year speech.

"I'm proud to be standing here at this historic moment," he added.

The Tsukiji market handles 480 kinds of seafood worth $14 million daily -- as well as 270 types of fruits and vegetables and has fed Japan's hunger for fresh seafood since its opening.

But in recent years the antiquated facility has prompted its users, such as seafood wholesalers, to voice concerns about its earthquake resistance, sanitation and fire safety, as well as the structure's use of asbestos and its crumbling walls.

They have also called for upgraded technology, such as better refrigeration systems.

However, the move, originally slated for late 2016, also faced loud opposition from various businesses that operate at or around the market, an extremely popular attraction located conveniently within walking distance from the Ginza shopping district.

Many businesses were emotionally attached to the Tsukiji brand as well as the location, which also had problems with soil contamination as it used to house a dry cleaning plant before the market was built.

Governor Yuriko Koike, a former TV anchorwoman, put the relocation plan on hold shortly after being elected Tokyo's first female governor in 2016.

She then found a series of problems with the new site in Toyosu, including soil and groundwater contamination as well as the discovery that contractors had inexplicably failed to fill in a basement at the new site with clean soil as a buffer against underground pollution.

The local government paid hundreds of millions of dollars to clean up the new facility and Koike took the final decision to move the market last month, ending years of delays.

Tsukiji's wholesalers had voiced frustration over the delay, arguing that postponing the move was costing them millions of dollars a month.

In 2013, Kiyoshi Kimura, Japan's self-styled "Tuna King" who owns a sushi restaurant chain, paid a record $1.8 million for a bluefin -- a threatened species -- outbidding a rival from Hong Kong

In 2017, he paid more than $600,000 for a 212-kilo (467- pound) bluefin tuna at the first auction of the new year.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Jan 05 2018 | 7:10 AM IST

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