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World's most expensive pets

Molly Cerreta Smith has enjoyed a career in the publishing industry for more than 10 years. As an editor of several regional magazines, she has had the opportunity throughout her career to meet many local celebrities, businesspeople, ent...

Cha-ching!

Most people consider themselves animal lovers to some degree. Some people are dog lovers; some are crazy for cats. Some folks even prefer snakes. But how much would you pay for a precious pet? Here, we share with you some of the most expensive pets in the world. Do yourself a favor: Visit the local shelter, rescue a pet and save yourself a lot of dough!

Horse

High-priced horse

BREED: Thoroughbred
TICKET PRICE: $16 million
You know what they say: You have to spend money to make money. That holds true at the racetrack, for sure. In 2006, history was made when a Forestry colt was sold for $16 million. Descended from two Kentucky Derby winners, the colt scored the best time among 154 racehorses sold at Calder Race Track -- he ran an eighth of a mile in less than 10 seconds! [Photo: Eliot Schechter]

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