Snow crab sells for $46,000 at Japanese auction

JAPAN (KGO) -- Crab season is just around the corner in the Bay Area.

So, how much would you pay for one? Would you shell out $46,000?

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A "five shining star" snow crab was auctioned off yesterday in Japan after it weighed in at 1.2 kilograms or about 2.7 pounds.

The crustacean is highly coveted in Japan, which helps explain the bidding ending at a record-setting $46,000.

The previous high was $18,000.