Price Tulips facts
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-Astronomically-high tulip bulb prices resulted in some equally astonishing anecdotes such as the sailor who mistakenly ate an extremely rare Semper Augustus tulip bulb thinking it was an onion. This "onion" was so valuable that it could have fed his whole ship’s crew for an entire year."
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Tulips became popular from the moment they were brought to the Holland. During the period called "tulip mania", single tulip had the price equal to annual salary of a craftsman.
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Tulip Mania, a period in Holland (1634-1637) in which the price of tulips rose drastically. One tulip bulb (Semper Augustus) was reportedly sold for an equivalent of $10-15 million. It created the first recorded economic bubble, causing an enormous economic crash.
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Tulips in the 1600's became extremely valuable (as valuable as 12 acres/5 ha of land) before the price crashed in just a few weeks and they became worthless
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Tulip mania, a bubble in the price of tulip bulbs in 17th century Netherlands. At its peak a single tulip was selling at about 10 times the annual income of a skilled craftsman.
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The Dutch "Tulipmania" (where tulip prices skyrocketed in the 1630s) wasn't actually a bubble - it was driven by Dutch economic policy and changes in forecasted demand due to the 30 Years War.
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Tulip mania, a seventeenth century speculative bubble that caused the price of certain tulips to skyrocket; particularly tulips affected by the mosaic virus which caused the petals to become multi-colored.
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The Dutch Tulip Mania in 1636 which made speculators drive the price of tulip bulbs to 6 times the average annual salary, even buying shares in a single bulbe, is generally considered the first recorded speculative bubble (or economic bubble).
