Breeders in China say adult Tibetan mastiffs sell for tens of thousands of dollars, and can even go for more than $100,000. One of them sold for more than half a million dollars last year to a woman in northern China who then sent 30 black Mercedes-Benzes and other luxury cars to fetch the dog from the airport, according to a report in the state-run China Daily.
After splurging on real estate in Australia, American thoroughbreds and European designer fashions, China's rich see the Tibetan mastiffs as a new status symbol. China is now home to an estimated 825,000 millionaires, and its luxury goods market is one of the fastest growing in the world.
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