A nearly complete Tyrannosaurus rex skeleton, named Gus, is set to be auctioned at Sotheby’s in New York City on Tuesday. The fossil, discovered on the Licking ranch in South Dakota, could surpass the $31.8 million record set by another T. rex skeleton named Stan in 2020. Gary "Gus" Licking, the rancher who found the fossil, had long suspected that his land contained significant dinosaur remains, located within the Hell Creek Formation, known for its rich paleontological finds.
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The auction of Gus has raised concerns among paleontologists regarding the implications of private ownership of significant fossils. Experts argue that such sales often prioritize private interests over scientific research and public education. Thomas Heitkamp, a commercial paleontologist involved in the excavation, noted the growing tension between fossil ownership and stewardship, stating,
The ownership and stewardship are increasingly at odds — and science is usually the loser.
Background
The auction is expected to attract significant attention, not only for its potential record-breaking price but also for the ethical questions it raises about fossil ownership. The sale of Gus may lead to its acquisition by a private collector, limiting future research opportunities.
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The auction of Gus could influence the market for rare fossils and collectibles, potentially driving up prices for similar items as collectors compete for ownership. Investors will watch for the outcome of the auction and any subsequent discussions on fossil ownership ethics.