What might have been the most expensive dog in the world was auctioned off in China for 12 million yuan, equal to about 2 million USD. The dog, a Tibetan Mastiff, was sold at a luxury pet auction in Beijing. The breed has become something of a status symbol for wealthy Chinese, are lion-like in appearance and are often up three feet tall.
The dogs are said to be descendants of those used by nomadic tribes for hunting in central Asia. In China, the dogs are known to bring good luck to their owners. The dog was sold to a 56-year-old property developer.