Fisheries Minister Jim Anderton said the squid, weighing an estimated 450kg (990lb),took two hours to land in Antarctic waters.
Local news said the Mesonychoteuthis hamiltoni was about 10m (33ft) long, and was the first adult colossal squid landed intact.
One expert said calamari rings made from it would be like tractor tyres.
"I can assure you that this is going to draw phenomenal interest. It is truly amazing," Steve O'Shea from Auckland's University of Technology told local media.
NZ fishermen land colossal squid
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NZ fishermen land colossal squid
http://news.bbc.co.uk/2/hi/asia-pacific/6385071.stm
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