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Sothebys

All articles tagged with #sothebys

Record T. rex fossil Gus sells for $50.1 million at Sotheby’s New York
business3 days ago

Record T. rex fossil Gus sells for $50.1 million at Sotheby’s New York

A near-complete Tyrannosaurus rex skeleton named Gus sold for $50.1 million at Sotheby’s in New York, setting a new record for a dinosaur fossil and far surpassing expectations. The 67-million-year-old specimen stands about 3.8 meters tall and 38 feet long, with an exceptionally preserved skull and 183 bones, plus evidence of life injuries. The sale has sparked debate among scientists about the impact of private ownership on palaeontological research, as critics warn that fossils bought into private hands may become inaccessible to scholars; the previous dinosaur record was a $44.6 million Stegosaurus sold in 2024.

Gus the T. rex Breaks Fossil Auction Record with $50 Million Sale
science-and-environment3 days ago

Gus the T. rex Breaks Fossil Auction Record with $50 Million Sale

A 67-million-year-old Tyrannosaurus rex named Gus sold for £37.4m ($50.1m) at Sotheby’s in New York—the most ever paid for a dinosaur. The nearly 60% complete fossil was discovered in 2021 on a South Dakota ranch and required three summers of digging plus three years in the lab to reassemble, with bite marks and healed ribs indicating a life on the hunt. The buyer remains undisclosed; the sale surpasses the previous record and signals growing ultra-wealthy interest in fossil collecting, with Gus potentially heading to a museum in the future.

Buzz Aldrin’s Watches Set for Sotheby’s New York Space Auction
business4 days ago

Buzz Aldrin’s Watches Set for Sotheby’s New York Space Auction

Sotheby’s New York Space Exploration auction lists nearly two dozen Buzz Aldrin–owned watches, mostly Omegas, including a Jaeger-LeCoultre Shark Deep Sea Chronograph and several Speedmasters; bidding is open online ahead of live sessions on July 15. Notably, Aldrin’s moon-landing Speedmaster won’t be sold since it belongs to the U.S. government, but other Aldrin pieces—plus a box of commemorative watches—illustrate his lifelong passion for exploration, diving, and collecting. The sale reflects ongoing interest in neo-vintage and heritage watches, though the author doubts it will break records, given shifting collector tastes toward different watch categories.

Gus the T. rex Could Break Dinosaur Auction Record, Sparking Fossil Ownership Debate
science-and-environment6 days ago

Gus the T. rex Could Break Dinosaur Auction Record, Sparking Fossil Ownership Debate

Gus, one of the most complete T. rex fossils ever found in South Dakota, goes to Sotheby’s with a $30 million pre-sale value and a $19 million starting bid, potentially becoming the most expensive dinosaur ever sold. The auction reignites a debate over whether scientifically important fossils should stay in museums or be privately owned, since private specimens are harder for researchers to access and many journals won’t publish work on them. Excavation and recovery spanned years, and while collectors help fund finds, scientists stress public accessibility and rigorous study as essential for understanding dinosaur biology and our past.

Gus the T. Rex Heads to Sotheby’s Auction with a $19 Million Opening Bid
science11 days ago

Gus the T. Rex Heads to Sotheby’s Auction with a $19 Million Opening Bid

Gus, a 63%-complete 38-foot Tyrannosaurus rex skeleton unearthed on a South Dakota ranch, goes to Sotheby’s in New York for auction on July 14 with a $19 million starting bid and an estimated value of $20–$30 million, potentially the highest private dinosaur- fossil price yet. Reconstructed from 183 bones after years of work by Theropoda Expeditions, the fossil’s sale sparks debate over private ownership of priceless relics, even as Sotheby’s says these auctions can help fund paleontology and recover fossils that might otherwise be lost.

Gut-instinct find uncovers 38-foot T. rex, heading to Sotheby’s auction
science1 month ago

Gut-instinct find uncovers 38-foot T. rex, heading to Sotheby’s auction

A South Dakota rancher’s gut feeling led paleontologists to a 67-million-year-old T. rex skeleton unearthed on his land; now nicknamed Gus, the 38-foot fossil is headed to Sotheby’s with estimates up to $30 million, potentially delivering a multi-million windfall to the landowner’s widow under private-land fossil ownership laws.

Gus the T. rex goes under the hammer with a $20–30 million estimate at Sotheby’s
business1 month ago

Gus the T. rex goes under the hammer with a $20–30 million estimate at Sotheby’s

Sotheby’s will auction a 67-million-year-old Tyrannosaurus rex nicknamed Gus for a pre-auction estimate of $20–$30 million, the highest ever for a dinosaur fossil. Discovered in 2021 on a South Dakota cattle ranch by Theropoda Expeditions, the nearly complete skeleton goes on sale July 14, highlighting Sotheby’s ongoing bet on fossil sales as a luxury market. Past high-profile dinosaur auctions include Griffin’s Stegosaurus Apex (sold for $44.6 million) and other T. rexes such as Sue and Stan; bidders are typically private collectors who often loan acquisitions to museums.

Ex-Miami Heat employee charged with $3.7M memorabilia theft
crime11 months ago

Ex-Miami Heat employee charged with $3.7M memorabilia theft

A former Miami Heat employee and retired Miami police officer, Marcos Thomas Perez, is accused of stealing and selling team memorabilia worth millions, including a LeBron James jersey that sold for $3.7 million at Sotheby's. Perez allegedly accessed secure areas to steal hundreds of items, which he sold across state lines over three years, leading to a federal investigation and his arrest.