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PIPA is the Sotheby’s of pigeon racing. The Belgium-based auction house handles about $46 million in pigeon sales each year, says founder Nikolaas Gyselbrecht, who started the company at age 18. About half of the birds sell to Chinese buyers. In 2020, a Chinese tycoon paid a record $1.8 million for one pigeon. In China, some pigeon races offer as much as $16 million in prizes. #pigeons #pigeonracing #PIPA #auctions
1:54
PIPA is the Sotheby’s of pigeon racing. The Belgium-based auction house handles about $46 million in pigeon sales each year, says founder Nikolaas Gyselbrecht, who started the company at age 18. About half of the birds sell to Chinese buyers. In 2020, a Chinese tycoon paid a record $1.8 million for one pigeon. In China, some pigeon races offer as much as $16 million in prizes. #pigeons #pigeonracing #PIPA #auctions
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60 Minutes watches a high-stakes one-loft pigeon race in Portugal. Months earlier, pigeon breeders, known as fanciers, shipped their best young prospects to the race loft so the pigeons could learn to recognize it as their home. Each of the 3,300 pigeons is tagged and scanned into a database, then transported 300 miles away and released. Six hours later, the first pigeons find their way back to the loft. The first into the loft wins the largest share of the $1.2 million purse. #pigeon #pigeonrac
1:06
60 Minutes watches a high-stakes one-loft pigeon race in Portugal. Months earlier, pigeon breeders, known as fanciers, shipped their best young prospects to the race loft so the pigeons could learn to recognize it as their home. Each of the 3,300 pigeons is tagged and scanned into a database, then transported 300 miles away and released. Six hours later, the first pigeons find their way back to the loft. The first into the loft wins the largest share of the $1.2 million purse. #pigeon #pigeonrac
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