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T rex fossil ‘Gus’ sells for $50.1m at New York auction, setting new record

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Skeleton judged to be one of the largest and most complete ever unearthed was excavated on a ranch in South DakotaA vast, fossilized Tyrannosaurus rex nicknamed Gus sold at Sotheby’s in New York on Tuesday for $50.1m with fees (£37.4m) to a phone bidder – making it the most valuable dinosaur fossil sold at auction. It also sold well above a pre-sale estimate of $20m to $30m (£15m to £22.4m).

Skeleton judged to be one of the largest and most complete ever unearthed was excavated on a ranch in South Dakota

A vast, fossilized Tyrannosaurus rex nicknamed Gus sold at Sotheby’s in New York on Tuesday for $50.1m with fees (£37.4m) to a phone bidder – making it the most valuable dinosaur fossil sold at auction.

It also sold well above a pre-sale estimate of $20m to $30m (£15m to £22.4m).

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Gus (PERSON) New York (LOCATION) Skeleton (PERSON) South (LOCATION) Sotheby’s (ORG)
Originally published by The Guardian Business Read original →