White truffle sells for 120,000 euros at Italian auction

ALBA, Italy — A white truffle weighing just over 1 kg was sold for 120,000 euros, or about 120 euros per gram, at the 20th White Truffle Auction held in Italy.

The 1005 grams Robaldo white truffle was auctioned for a price of 120,000 euros to an unknown client in Hong Kong, during the yearly World White Truffle auction at the castle of Grinzane Cavour, near Alba in northern Italy last November 10.

Every year for the past 89, the city of Alba hosts for nearly two months a large white truffles fair during which the auction takes place.