Ginseng Sold for Quarter of a Million Dollars!

Posted by Alex in Food & Drinks on November 11, 2007 at 2:30 pm


Someone really, really likes his ginseng: a hundred-year-old ginseng was recently auctioned off in Guangzhou, China for 1.88 million yuan (about $250,000)!

Link (with larger pic) – Thanks Jee!

And that’s not even the highest price someone had paid for the herb: a 300-year-old ginseng was sold for $400,000 a few months ago!


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4 comments to "Ginseng Sold for Quarter of a Million Dollars!"

  1. kai
    November 11th, 2007 at 8:28 pm

    This plant grows wild in the woods behind my house. I sometimes make tea out of it.

  2. Ali S.
    November 12th, 2007 at 12:29 am

    From what I've learned from Chinese history. The significance of Ginseng especially age and size can fetch a ton of cash.

  3. SiteSeer
    November 12th, 2007 at 4:46 am

    Must be the same guy who bought the 1787 Chateau Lafite.

  4. jackpine savage
    November 12th, 2007 at 10:25 am

    When i lived in Korea there was a story about about a guy who had rented a cabin in the wilderness for vacation. In that cabin he found a ginseng root and couldn't resist...he ate the whole thing. Turned out that the cabin was owned by a wild ginseng hunter who had recently discovered the find of his life: a c. 300 year old ginseng root that he figured to worth nearly $500,000.

    No word on why he would have left such a valuable thing around for the renters, especially Korean renters who just can't say no to ginseng.


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