Why Is This Caviar $450 An Ounce?

Caviar is priced based on two criteria: desirability and scarcity. There’s plenty of relatively affordable caviar from fish like herring, which costs about $7 per ounce. The caviar from an albino ossetra sturgeon, costs $450 for one ounce, or $7,300 for just over one pound. Sturgeon are a prehistoric fish that can live to be over 100 years old, grow to 28 feet in length and weigh more than 4,500 pounds. » Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money. Connect with CNBC Make It. Online Get the latest updates: https://www.cnbc.com/make-it Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt #CNBC #CNBCMakeIt Why Is This Caviar $450 An Ounce?