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Rare T. rex fossil sells for record $50.1 million at auction

The 67-million-year-old skeleton drew seven bidders as scientists urged the buyer to place the fossil in a public museum.

  • On Tuesday, July 14, 2026, Sotheby's sold the Tyrannosaurus rex skeleton nicknamed Gus for $50.1 million in New York after a nearly 10-minute bidding war among seven competitors.
  • Commercial paleontologist Thomas Heitkamp discovered the specimen in 2021 on a 6,500-acre South Dakota cattle ranch owned by the late Gary 'Gus' Licking, after whom the skeleton was named.
  • Measuring 38 feet long and 12.5 feet tall, Gus comprises 183 fossil bone elements, making it about 61% complete by bone count with an 'exceptionally preserved' skull, according to Sotheby's.
  • The Society of Vertebrate Paleontology warned that private ownership may limit research access, arguing scientifically significant fossils should remain in the public trust for future study.
  • While the buyer remains anonymous, the acquisition includes 'full rights' allowing the owner to license casts for museums, potentially maintaining public access to the specimen.
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A Tyrannosaurus rex skeleton, nicknamed Gus, has set a record price at an auction in New York, becoming the most expensive dinosaur fossil ever sold. An unknown buyer paid 43.6 million euros for it, surpassing the previous record set in 2024, when a Stegosaurus skeleton sold for just under 39 million euros. The auction at Sotheby's lasted about ten minutes and included seven bidders. The approximately 3.8-meter-high skeleton was initially expect…

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Skeletals such as the "Gus" tyrannosaure, which has just set a record in New York, are most often exhumed during trade missions. A practice carried by a flourishing market, which revolts some of the scientists.

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KBZK broke the news on Tuesday, July 14, 2026.
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