Mystery bidder buys Gus the T. rex for a record $50M: Exceptional find

A Tyrannosaurus rex fossil billed as one of the world’s largest and most complete specimens sold for a record $50.1 million Tuesday.Sotheby’s said the 67-million-year-old fossil, nicknamed “Gus,” is now the most expensive set of dinosaur bones ever auctioned off, besting the almost $45 million price tag for a nearly complete stegosaurus sold by the same New York auction house in 2024.The previous record holder had been a Tyrannosaurus rex skeleton nicknamed “Stan” that sold for nearly $32 million in 2020.“Gus is not only an exceptional find, but a specimen that’s been excavated, documented, prepared, and cared for with real excellence,” Cassandra Hatton, Sotheby’s vice chair, said after the sale was completed.

“The market responds when great specimens are taken care of in the right way.”Standing upright with its tail extended and right foot slightly raised, “Gus” is an adult dinosaur specimen measuring about 12 ½ feet (3.8 meters) tall and 38 feet (11.5 meters) long.He’s about 63% complete, with what Sotheby’s describes as an “exceptionally preserved” skull including a gaping jaw of powerful teeth, two “well represented” feet and a number of rarely found bones, including a furcula, or wishbone.The fossil was discovered in 2021 on a ranch in South Dakota and named in honor of property owner Gary Licking, who died during the roughly five year excavation, restoration and mounting process.The auction house said the mystery winner outbid six other prospective buyers during Tuesday’s 10-minute bidding battle.“Try a bigger bite,” auctioneer Phyllis Kao cajoled the bidders at one point as the auction was conducted live and online.“It’s a T.

rex, after all.”Spokespersons didn’t respond to an email seeking more information about the winning bidder or their plans for the piece, which had been estimated to fetch anywhere from $20 to $30 million ahead of the sale.The Society of Vertebrate Paleontology, an advocacy gr...