tulipomania

noun

1. (uncountable)Hyperenthusiasm for tulips.
2. (countable, uncountable)Such enthusiasm (or the period of its duration) during the Dutch Golden Age when contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed (1634–1637); it is widely considered the first speculative bubble (asset bubble).

   “Certainly one of the best illustrations of the fantastic in the motley variety of items that avarice might seize for its own is the tulipomania that swept over the Netherlands in the sixteenth and seventeenth centuries.”

   “[I]n 1646, during the phenomenon known as "Tulipomania", a tulip like the red and white 'Admirael van der Eijck', or the purple-splashed 'Generalen van Gouda' would sell for more than 1,000 Dutch florins, at a time when the average annual income of a skilled worker was about 300 florins.”