The 2007 green tea spring harvest is in the town - and a Chinese man pays US $14,000 for just 200 grams of tea leaves during an auction in the International Tea Expo Exhibition held in West Lake, or Xi Hu, in Zhejiang Province, China.
According to the Chinese state news agency Xinhua, a Chinese man recently paid US $14,000 for just 200 grams of West Lake Dragonwell Tea, also known as Long Jing Tea.
Traditionally, Spring is the time of the year when the highest grade green tea is harvested and sold, and the Dragonwell tea produced in West Lake is the most esteemed of all Chinese green tea.
According to a local expert, one kilogram of Dragonwell tea costs 5 Yuans in the 70s. Now, one kilogram of high grade Dragonwell tea costs 6,000 Yuans or 800 US dollars, which doesn't come cheap.
Green tea is good for health, but is the Dragonwell Tea a little on the expensive side?
Link & Image: Amazing Green Tea
Tags: Green Tea | Auction
Comments
Reason why some leaves are expensive, cos the guide told us there are less than 10 of the original trees that bear these Long Jing Tea leaves.. the rest are grown from these original tress.
So the prices of the tea leaves from these few trees are sky rocket high.
$14000 is nothing.
There's one time someone paid over $50000 for a small can of top grade Long Jing Tea leaves.. there's a newspaper article there in the factory showroom.