This pigeon is worth $1.5 million

This pigeon is worth $1.5 million

Her name is New Kim

Location: Knesselare, Belgium

(SOUNDBITE) (English) PIGEON AUCTION HOUSE 'PIPA' CEO, NIKOLAAS GYSELBRECHT, SAYING:

"New Kim is now at 1,320,000 euros. This is almost 100,000 euros more than that of the most expensive pigeon before, Armando. The auction will end Sunday (November 15) and we don't know what the final price will be. It will be a surprise to us. We don't know how high New Kim will be sold for.

New Kim is a two-year-old racing pigeon

(SOUNDBITE) (English) PIGEON AUCTION HOUSE 'PIPA' CEO, NIKOLAAS GYSELBRECHT, SAYING:

"We can already say that these record prices are unbelievable because this is a female. // Usually a male is worth more than a female because it can produce more offspring, more children. So it's very exceptional to have a female for this price. We did not expect the pigeon (price) would go so high."