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Watch: Grand Champion steer sells for record $131k at State Fair of Texas

The State Fair of Texas held its annual Youth Livestock Auction in the swine building on Friday. 14-year-old Jagger Horn sold the steer to Dallas' III Forks steakhouse.

With a starting bid of $50,000, it took just minutes for a Grand Champion steer to grab a record $131,000 at auction.

The State Fair of Texas held its annual Youth Livestock Auction in the swine building on Friday. 14-year-old Jagger Horn sold the steer to Dallas' III Forks steakhouse. This is the fourth year the restaurant has purchased the champion steer.  Last year, they bought RFD for $130,000.

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Horn was expecting a lot less than $131,000.

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"It feels great to put more money to my scholarship fund," said the Texas A&M hopeful. Money raised in the auction helps promote youth education while preserving Texas' western heritage.

Horn added that he'll miss his steer, which he has named 'Clifford.'

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"You get to know them, you get to know their personality and the way they are," said Horn.

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He then asked Chris Vogeli of III Forks to take good care of Clifford.

And Vogeli will follow through. Instead of ending up on the menu at his restaurant, (as most people assume) Clifford will spend the rest of his life at Harkey Ranch in Brady, TX. The three other Grand Champion steers purchased by III Forks currently live at the ranch.