Expensive dog sells for nearly $2 million

As the new world's most expensive dog, a Red Tibetan Mastiff was sold for nearly $2 million.

March 15, 2011 11:13:10 PM PDT
Here is the new world's most expensive dog.

A Red Tibetan Mastiff has just been sold for nearly $2 million.

A Chinese coal tycoon -- who is also a breeder -- is quoted as saying he considers the dog a good investment.

As a male dog, the mastiff can be hired out to other breeders and may in fact recoup the owner's money in a couple of years.

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