Do you know the value of whale vomit? It is way more than the salary you receive in your dreamland. If you happen to find a lump of whale vomit, while strolling near the beach, think thrice before looking at it with disgust. That thing can fetch you a lot of money.

An extremely rare lump of whale vomit found by a dog walker on a beach in UK is expected to fetch £7000 (Rs 7,16, 276.21 approx ) at the first auction of its kind.

The chunk was found washed up on the shore at Anglesey, north Wales earlier this year. The ambergis, a waxy rock like substance that can sustain the scent of perfume weighs 1.1 kg and measures 8 inches by 6 inches. Reportedly it could have been floating in the sea for decades before it came towards the shore.

Ambergris is produced in the intestines of sperm whales to protect them from the sharp beaks of squid which they eat and is passed as vomit. That substance is used in the perfumery industry and has sold for thousands of pounds privately before.

“Our vendor was out walking his dog when it ran over to this object and wouldn’t leave it alone. He took it home, did a bit of research and suspected it was ambergris and knew it had a value so came to us. We are 100 per cent certain it is ambergris. A number of people with experience with ambergris have studied it who have confirmed it. It is a bit like gold in that it comes down to the price per gram. There is a lot of interest in unusual items these days ,” said Chris Surfleet, senior valuer and auctioneer.