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The $2 million puppy

The previous record was $1.5 million paid for a red Mastiff in 2011.
The previous record was $1.5 million paid for a red Mastiff in 2011.

According to the Qianjiang Evening News, a 56-year old real estate developer has shelled out $2 million for a rare golden-haired Tibetan mastiff puppy, topping the previous record for most expensive dog in the world of $1.5 million paid for a red mastiff named "Big Splash" back in 2011. The golden puppy stands 31 inches tall at the shoulder and weighs 200 lbs.

"They have lion's blood and are top-of-the-range mastiff studs," the dog's breeder Zhang Gengyun was quoted as telling the paper.

An ancient breed believed to have broken off genetically from the wolf approximately 58,000 years ago, Tibetan Mastiff, are also known as "Do-Khyi (translated as "door guard"), and have been used throughout the ages as guardians of herds, tents, villages, monasteries, and palaces.

Today they are considered to be a “prized status symbol among China's wealthy, sending prices skyrocketing,” although the newspaper also cited the fact that an industry insider surnamed Xu told them "A lot of the sky-high priced deals are just breeders hyping each other up to boost their dogs' worth, and no money actually changes hands."