The Red Tibetan Mastiff has been named the most expensive dog in the world.... being sold for over $1.4 million.

The breed is also considered one of the oldest pure breeds in the world.

It can weigh close to 290 pounds.

Owners of a male can charge owners of a female about $20,000 for their two dogs to breed.

In China, this dog is replacing cars and jewelry to show off wealth.

Tibetans believe that the animal is holy. They believe these dogs have the souls of monks that weren't good enough to be re-incarnated as humans.