Subscribe | UPI Odd Newsletter Subscribe Nov. 7 (UPI) -- A snow crab caught in Japan was auctioned for a record $46,000, the prefecture's fisheries association announced. The Tottori Prefecture Fisheries Association said the 2.7 pound itsukiboshi crab, which boasts a 5.7-inch shell, was caught at the start of the fishing season Tuesday and was sold at the first auction of the season at Tottori port. Advertisement The crab fetched a high bid of $46,000 from crab seller Kanemasa Hamashita Shoten. The company previously set a world record last year when it paid $18,300 for a crab auctioned in the same place. "We came to this year's first auction hoping that we would bid the world's highest price again," a representative for the company told Kyodo News. "I believe it is a good crab filled with meat." The representative said the crab is destined for a restaurant in the Ginza shopping district of Tokyo. Read More Large crab found abandoned behind pharmacy in England Hundreds of land crabs appear in Florida neighborhood Restaurant attempts Guinness record with $310 crab cakes