LONDON (Reuters Life!) - A sheep has sold for a world record 231,000 pounds ($376,200) at a Scottish livestock auction, a British sheep society said.

Deveronvale Perfection, a Texel breed admired by his new owner for his "great body and strong loin", will be used for breeding.

Experts are predicting the tup, the farming term for an uncastrated sheep, will prove a bargain over the long term for his new owner.

"It comes down to genetics," said British Texel Sheep Society Chief Executive, John Yates, on the society's website.

"Breeders are looking at the decades of sheep that this blood line can produce."

Graham Morrison, who owned Perfection, said the price surpassed his wildest dreams, according to the website.

Farmer Jimmy Douglas, from Cairness, Scotland, who forked out the record amount, was quoted as saying Perfection was the best lamb he had ever seen, with great strength and an "incredibly chunky stature".

The price achieved at the Scottish National Texel Sale at Lanark market on Thursday surprised onlookers, "but when breeders see the 'Perfect' Ram, they will stop at nothing", Yates said. (Reporting by Avril Ormsby; Editing by Elizabeth Fullerton)