A Japanese sushi entrepreneur paid a record ¥510.3 million ($3.2 million) for a giant bluefin tuna Monday at an annual prestigious new year auction in Tokyo’s main fish market, smashing the previous all-time high.

Dave Gershman at the Pew Charitable Trusts’ international fisheries team used news of the auction to highlight that stocks of Pacific bluefin tuna were improving after being “near collapse.”

Self-styled “Tuna King” Kiyoshi Kimura’s sushi restaurant chain, Sushizanmai, paid the top price for the 243-kilogram fish that was caught off Japan’s northern coast.

AloJapan.com