Step 1 : Introduction to the question "What is the highest price ever paid for a cow at auction?"
...Boston lawyer Jerome Rappaport represented the Mist Syndicate group at a cattle auction in 1985. When Mist, a Holstein cow, came up on the block, the Mist Syndicate group purchased her for a whopping $1,300,000. This was, and remains, the highest price ever paid for a cow at auction. What made Mist so special? Her pedigree placed her firmly at the head of a dynasty of renowned milk producers. She had a successful pregnancy record, standing at 14. Her pedigree and the documented high butterfat content of her milk combined to fetch the record price at auction. Source: NYTimes.com
Step 2 : Answer to the question "What is the highest price ever paid for a cow at auction?"
$1,300,000:
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