The world's most expensive sheep has just been purchased for $490,000

A sheep sold for a record 350,000 guineas -- or around $490,000 in American money -- at an auction in Scotland this week.

The lamb, named Double Diamond, had generated buzz before the Scottish National Texel sale in Lanark started, according to a news release from the Texel Sheep Society. Bidding started at 10000 guineas (about but $13,000).

A bidding war drove up the price until an agreement was reached for the sheep to be shared between three farms.