Rare varieties, particularly those with streaked colors (now known to be caused by a virus), were sold for prices equivalent to an opulent house.
In the early 18th century, the Ottoman Empire experienced a "Tulip Era," featuring festivals and a deep cultural appreciation for the flower. tulips
In the 1630s, the Netherlands was gripped by "Tulip Mania" (or tulpenwoede ), a period where speculation in tulip bulbs reached an extreme peak. Rare varieties, particularly those with streaked colors (now
The market eventually crashed, turning "tulip mania" into a historical term used to describe any speculative market bubble. Horticulture and Growth " likely referring to their shape.
Turks cultivated them as early as 1000 AD. The name "tulip" is derived from the Turkish word for "turban," likely referring to their shape.