The Arethusa Farm in Litchfield, Connecticut is very excited to win this cash cow.
It says Karlie will be a tremendous asset to the farm, which is not only a working dairy farm, but also a breeding and showing operation.
Matt Senecal, Assistant Farm Manager, looks forward to watching Karlie chew up the competition to win medals.
"She's only two years old, so hopefully we'll have some of her daughters here that we'll be able to show in the future," Senecal told WFSB, the CBS affiliate in Hartford, Connecticut.
Senecal says the most important quality of a show cow is the udder, particularly the attachments, and how much milk they're able to produce.
Body structure and rib structure is also important, Senecal told WVIT, Hartford's NBC affiliate.
Karlie is a Jersey Cow, a breed named for the Jersey Isle in England. She was actually born in Missouri.
Aaron and Caitlin Eaton of Onondaga Hill were part-owners of Karlie. She's had one calf herself, and several others born by surrogates.
Senecal says the $170,000 bid included a package deal. Karlie's female calves surrogates will be coming to the Arethusa farm in September.
According to the American Jersey Cattle Association's Jersey Journal, the previous record-high price for a Jersey cow sold at auction was the $92,000.
That bid went to a cow raised in Dutchess County.