T. Rex Fossil Sells for $50.1 Million, Putting the King Back On Top

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A Tyrannosaurus rex fossil nicknamed Gus sold for $50.1 million at a Sotheby’s auction in New York, establishing a new record for the most valuable dinosaur fossil. Excavated from a South Dakota ranch, the skeleton is among the largest and most complete ever found. The final sale price far exceeded the pre-sale estimate of $20 million to $30 million. This transaction puts the T. rex back on top of the booming fossil market after being surpassed by a stegosaurus.