By bno - Tokyo bureau A Tokyo fish market has once again witnessed a stunning display of competitive bidding, as the Onodera Group secured a prized bluefin tuna for a staggering JPY207mn (about $1.31mn).

A bluefin tuna was sold for $1,316,835 (207 million yen) on Sunday (January 5), marking the second-highest bid at Tokyo's Toyosu fish market's annual auction since its inception in 1999, according to market organizers.

The massive tuna, weighing as much as a motorbike, was the first fish to be auctioned at the fish market, a tradition that has become both a cultural and commercial spectacle in Japan

The top bidder at a Tokyo fish market said they paid $1.3 million for a tuna on Sunday, the second highest price ever paid at an annual prestigious new year

A massive bluefin tuna on Sunday sold for some $1.3 million at the first auction of the season at Tokyo's popular fish market, the second-highest ever achieved.