It's amazing that the story
of 2 Asian sushi bar owners who bid the price of a 282 pound bluefin to
$100,000 has been picked up by almost every major news source. When you
consider that this bluefin tuna is one of the last few hundred thousand
larger bluefins swimming, the price they paid looks like a steal when
you look at the value of that fish in perspective to the remaining
population.
let's do some back of the napkin math to evaluate the price of this 100K bluefin tuna;
Assumptions:
This bluefin is one of 500,000 other bluefins of that size or larger swimming in the oceans today.
If each remaining bluefin was priced at $100,000, that would put the value of the entire group at $50,000,000,000.
Millions of years worth of evolution priced at 50B.
Compare this to the insane bailout amounts the US is extending to companies who can't make it past 150 years in a free market and the cost of the 100k bluefin tuna suddenly looks like a real bargain.
