A Tibetan man walks his Tibetan mastiff dog during annual China Tibetan Mastiff Expo on the outskirts of Beijing. Pic: AP.

BEIJING (AP) — A Chinese dog breeder says a property developer has paid 12 million yuan ($2 million) for a Tibetan mastiff.

The large, slobbery dog with massive amounts of hair best known for herding sheep in Tibet has become a status symbol for China’s rich.

(MORE: Tibetan Mastiff craze comes back to bite in China)

The sales took place Tuesday at a luxury dog fair in wealthy Zhejiang province on the east coast.

Breeder Zhang Gengyun said Thursday that the buyer from east China paid for 1-year-old twin dogs on his credit card. The second was half the price of the first.

Zhang denied the sale was a ploy by breeders to hype the price of Tibetan mastiffs and said he was reluctant to sell them.

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