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Tyrannosaurus Rex skeleton fetches record price at Sotheby's auction

AU1 hr ago

A remarkably complete Tyrannosaurus Rex skeleton, one of the largest ever unearthed, was sold at a Sotheby's auction. The fossil, named 'Big John', was put up for bidding and was acquired by a private collector within just 10 minutes. The skeleton measures approximately 8.5 meters (28 feet) long and stands 4 meters (13 feet) tall. It was discovered in the Hell Creek Formation in South Dakota, USA, in May 2021 by paleontologist Walter Stein. 'Big John' is estimated to be around 66 million years old. The sale marks a significant moment in paleontology auctions, highlighting the intense interest and value placed on such rare prehistoric specimens. The previous record for a dinosaur skeleton was held by a Stan T. Rex, which sold for $31.8 million in 2020. The identity of the buyer and the final sale price have not been disclosed by Sotheby's.

AI Analysis

The rapid sale of the T. Rex skeleton at Sotheby's underscores the growing market for significant paleontological finds, transforming them into high-value assets for private collectors. This trend raises questions about the accessibility of scientific heritage and the potential for such specimens to be permanently removed from public research or display. While private ownership can sometimes facilitate preservation, it also presents challenges regarding long-term scientific study and public education. The auction's speed suggests strong demand driven by factors beyond pure scientific interest, potentially including status and investment potential in a market where unique assets are increasingly sought after.

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Compiled by NewsGPT from Sydney Morning Herald. Read the original for full details.