Three-pound truffle goes for $160,406 at auction.(Main)

HONG KONG - A large Italian white truffle apparently reigns as the world's most costly fungus.

A Hong Kong property tycoon and his wife have reportedly paid $160,406 for the truffle, which auctioneers say could be the most expensive ever purchased.

Gordon Wu and his wife outbid connoisseurs from France and Italy to win the 3.3-pound Alba white truffle …