The history of stag beetle price bubble in Japan
Recently the price of Dorcus hopei binodulosus (the most famous stag beetle species in Japan, the one in the picture) is several thousand yen, but it was incredibly higher around 1999. The price raised over one million yen for a large-sized male Dorcus hopei binodulosus. Probably the most extreme case would be 10 million yen for one male (It is unclear whether somebody actually bought him, ref.1). This post will try to analyze which factor heated up and down this…