The European eel, Anguilla anguilla, was the most important fishery resource in European estuaries for centuries. More recently, most local stocks throughout the species' range have collapsed for a variety of reasons. This article focuses on historical records and the recent collapse in the Neretva estuary (Croatia), the most important eel fishery ground on the eastern Adriatic coast. Historical records were analyzed through an examination of various available databases, including scientific articles, technical literature, and gray literature. Additional descriptions were obtained using local ecological knowledge methodology and interviews with various stakeholders. The comparative analysis shows that the historical eel catch (the 1930s) under pristine habitat conditions should be estimated at 100 tons, officially recognized and additionally estimated. The decline in catches began in the 1960s and was associated with the massive reclamation of important eel lagoons for agriculture and port areas when officially recognized catches at state stations averaged 45 tons per year. The main reasons for this dramatic decline in eel fisheries and biological status in the Neretva estuary are a significant reduction of, an increase in recreational fishery, the establishment of invasive predatory fish species, and strong development of local demand in tourism. The results of this study indicate that the local eel population will rapidly become extinct in the future unless various measures are developed and applied to protect it, restrict fishing and market control, restore habitat, and control invasive and competing species.