Support Long-term Thinking
Support Long-term Thinking

1 Millennium for €18,000?

by Alexander Rose - Twitter: @zander on May 5th, 02008

(olive tree photo by CorinthianGulf on Flickr)


Joseph Holsten (Charter Member #637) sends in this interesting yet troubling piece from the Wall St Journal on the market for very old trees:

Nick Lloyd, who edits the online Spanish environmental journal, says the market in ancient olive trees is growing, despite the naturally limited supply of the commodity and mounting opposition from conservation groups. “Ten years ago the starting price was €2,000 for a thousand-year-old tree,” Mr. Lloyd says. “Now it’s €18,000.” (continue to the article)