Editorial Standards

Latest News Today maintains rigorous editorial standards. Our team verifies information from trusted sources and provides context to help readers understand complex stories.

Last Updated: Thursday, October 1, 2026 at 07:44 PM
Category: Id

Editor's Note

Latest News Today provides comprehensive coverage and analysis of breaking news stories. This article is part of our ongoing coverage of wbna4440212, bringing you verified information from trusted sources with added context and expert perspective.

Why This Matters: Understanding the full context of this story helps readers make informed decisions and stay updated on developments that impact our community.

Golden fleece locked up in bank vault

Two Australian sheep farmers have produced the world’s finest wool, a mere 11.9 microns thick or about one-fifth the diameter of human hair, with a bale of the super fine wool now under armed guard inside a bank vault.

Two Australian sheep farmers have produced the world’s finest wool, a mere 11.9 microns thick or about one-fifth the diameter of human hair, with a bale of the super fine wool now under armed guard inside a bank vault.

The bale of wool is valued at more than A$1 million ($752,000) and when sold in coming weeks is probably destined for a fashion house in Paris, Milan, New York or Tokyo.

“It’s a world record that highlights the amount of research and development put in by Australian farmers,” said Deputy Prime Minister John Anderson on Wednesday in congratulating the sheep farming brothers Bim and Richard Goodrich.

One micron is a thousandth of a millimeter and 14-16 micron wool is normally used for cashmere clothing. The average wool produced in Australia is 20 microns.

To grow the world’s finest wool, the Goodrich brothers built a luxurious shed dubbed the “Wooldorf Astoria” for the prized sheep on their Warroo Station property in northern New South Wales state.

Life for the pampered sheep inside the large shed, unlike those left in open paddocks, is stress-free with the climate controlled and special feed.

“They are in a totally stress-free environment,” Bim Goodrich told Reuters on Wednesday, keeping secret the exact details of what goes on inside the shed.

BANK SECURITY STAFF GUARD A PRECIOUS BALE OF THE WORLD'S FINEST WOOL WORTH OVER $1 MILLION IN BRISBANE
Bank security staff stand guard over a precious bale of the world's finest wool in the vault of the National Bank Capital branch in Brisbane March 3, 2004. The wool, grown on a property near Warwick in south-east Queensland and destined to be used in the world's most expensive suits, is worth well over $1 million said a spokesperson on Wednesday for Elders pastoral company in Queensland. REUTERS/Greg WhiteGreg White / X01175

So comfortable is the “Wooldorf Astoria” that the shed manager’s wife is called the “wool widow, because she never sees him,” Goodrich joked.

Farmers and wool buyers estimate the world’s finest wool, in the vault of the National Australia Bank in Brisbane, Queensland, should fetch more than A$1 million when sold in Sydney.

The bale stands as high as the waist of the armed guards that keep watch over it.

“I hope buyers are as happy and excited as we are and it’s just a great privilege for us to have produced such a beautiful bale of wool. It’s the softest and the highest quality of wool that’s ever been produced,” Goodrich said.

The previous record for the world’s finest wool, of thickness 12 microns, also produced by an Australian sheep farmer.