Prices crash for Japan's most expensive melons

AP – The first two Yubari melons of the season are shown with a slip of paper written with the auctioned price …

By TOMOKO A. HOSAKA, Associated Press Writer Tomoko A. Hosaka, Associated Press Writer – Fri May 15, 7:37 am ET

TOKYO – The latest victim of Japan's recession is round, sweet and famous for being shockingly expensive.

The first two Yubari melons of the season were auctioned Friday in northern Japan and fetched 500,000 yen ($5,200). Pricey? Certainly. But it's practically a steal if you consider last year's winning bid — a record 2.5 million yen, or about $26,000. In 2007 they sold for 2 million yen.

It appears the world's swankiest melon is in a major deflationary slump.

via news.yahoo.com

Oh my God. The price has crashed! What a loss.

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