T. rex fossil fetches more than $50 million at auction from mystery bidder
ONP Summary
A Tyrannosaurus rex skeleton nicknamed 'Gus' sold for $50.1 million at Sotheby's in New York on Tuesday, establishing a new record for the highest-priced dinosaur fossil ever auctioned. The complete specimen, excavated from a South Dakota ranch, exceeded its $20-30 million pre-sale estimate after competitive bidding by seven buyers.
Progressive:Market spectacle — progressive outlets frame the record sale as exciting market news and competition, with T. rex reclaiming its position as the most valuable dinosaur fossil.
Moderate:Privatization crisis — moderate outlets emphasize that soaring prices lock scientifically important fossils into private hands, pricing out museums and restricting paleontological research access.
Sotheby's said the top bidder, who participated by phone, remains anonymous and outspent six other prospective buyers during a 10-minute battle. ...
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