Tibetan Mastiff Named World's Most Expensive Dog

An 11-month-old red Tibetan mastiff named "Big Splash" has formally nabbed the record for world's most expensive pet. If dogs didn't already know they were better than us, they perhaps do now.

The pup was sold to a Chinese businessman for a whopping $1.5 million. His native name is Hong Dong, he clocks in at around 180-pounds - and he's still growing.

Big Splash's breeder, Lu Liang, says the price tag is totally warranted and that his dog is a "perfect specimen."

"We have spent a lot of money raising this dog, and we have the salaries of plenty of staff to pay," he explains.

Crazy enough, this breed has been raking in the dough for years. In 2009, a mastiff named Yangzte No. 2 apparently was sold short at $500,000 and last year, a mastiff was priced at approximately $1.47 mil.

Apparently, this breed has come to signify wealth and status in China, becoming a hot commodity among the nation's best.
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