Chinese breeder sells 2 Tibetan mastiffs for $3M

By Washington Examiner

Published March 20, 2014 2:42am ET

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Chinese breeder sells 2 Tibetan mastiffs for $3M — BEIJING (AP) — A Chinese dog breeder said Thursday that a property developer paid him 18 million yuan ($3 million) for Tibetan mastiff twins, highlighting how the breed has become a status symbol for China’s rich. The large, slobbery dog with massive amounts of hair used to be best known for herding sheep in Tibet, […]

BEIJING (AP) — A Chinese dog breeder said Thursday that a property developer paid him 18 million yuan ($3 million) for Tibetan mastiff twins, highlighting how the breed has become a status symbol for China’s rich.

The large, slobbery dog with massive amounts of hair used to be best known for herding sheep in Tibet, but has now become a luxury for the ultra-rich who want to spread their wealth beyond stocks and real estate.

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