‘Gus’ the T. rex fetches record US$50.1 million at US auction
ONP Summary
A Tyrannosaurus rex skeleton nicknamed 'Gus' sold for $50.1 million at Sotheby's in New York, establishing itself as the priciest fossil ever auctioned. Paleontologists have expressed concern that the specimen's acquisition by a private collector may restrict researchers' ability to study one of the most intact examples of the extinct species.
Progressive: Research threatened by private wealth — progressive outlets warned that ultra-rich collectors acquiring rare fossils for personal ownership lock specimens away from scientists, undermining paleontological research.
Moderate: Market dynamics exclude institutions — centrist outlets observed that escalating prices driven by wealthy bidders make it impossible for museums and research bodies to compete, leaving scientists dependent on buyer goodwill.
A Tyrannosaurus rex skeleton nicknamed “Gus” sold on Tuesday for US$50.1 million at Sotheby’s in New York, making it the most valuable dinosaur fossil bought at auction, after a 10-minute battle between seven bidders.
“Gus” is one of the world’s most complete T. rex skeletons – with 183 fossilised bones – and was discovered on a cattle ranch in South Dakota in 2021.
The giant beast lived some 72 to 66 million years ago – a period characterised by a warm climate, high sea levels and vast...
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