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The five-month-old Texel was snapped up at a sale in Lanark, south of Glasgow, by a consortium from northern Scotland who plan to use the expensive specimen for breeding purposes.
Brian Ross, secretary of the Scottish arm of the British Texel Sheep Society and also the auctioneer who sold the animal on Thursday, said that despite the huge price tag the purchasers had not been fleeced.
"Yes, it was a high price to pay for one, but it was bought by a consortium of five members which took the price down for each of them," he said.
"These people are continually striving for perfection. It was an open market, there were two groups bidding for it and they thought it to be the very best of what came up for auction that day."
Primarily a breed reared for their meat, Texel sheep originated on the island of that name off the coast of Holland.
The price beats the previous British record price for a sheep of £105 000.
