Tulip Fever The tulip reached Holland in 1593 and was, at first, looked upon as an curiosity. There soon developed an irrational demand for new species. Specimens sold at awesomely high prices. In their avarice, speculators bought and sold the same tulip ten times in one day. The entire Dutch population suffered from the craze. There was an insatiable desire for each new shape and color. At one point an man purchased a house for three bulbs. Before long the inevitable crash came and the demand for bulb quickly reached its nadir. A $1,500 bulb could be bought at $1.50. With the moribund tulip market came the financial disasters to thousands of people. out on a limb -- He went out on a limb and predicted he would win the election by a wide margin. (in a dangerous or exposed position.)