Stegosaurus sells for almost $45 million at Sotheby's auction, the most for any dinosaur fossil

2024-12-24 10:14:53 source: category:Finance

Sotheby's has auctioned off the skeleton of a stegosaurus named Apex, billed as "the finest for Stegosaurus to ever come to market," for almost $45 million, a record.

The sale price far exceeds the estimate of $4 million to $6 million that Sotheby's had assigned to the lot. Described as a mounted Stegosaurus skeleton, the exact sale price was $44.6 million, surpassing earlier sales records for dinosaur fossils. 

Sotheby's, which said the auction closed Wednesday morning, did not immediately disclose the buyer's identity. 

"'Apex' lived up to its name today, inspiring bidders globally to become the most valuable fossil ever sold at auction," Cassandra Hatton, Sotheby's global head of science & popular culture said in a statement following the sale. 

"This sale has been years in the making, and at every turn, we have worked closely with Jason Cooper, from the moment of its discovery in Dinosaur, Colorado, to its sale in New York," she added, making reference to the paleontologist who discovered the specimen. 

The sale of Apex Wednesday set a new record for a dinosaur fossil.  Matthew Sherman

The iconic skeleton is approximately 161 million years old, according to Sotheby's, and measures 11 feet tall by nearly 27 feet long from nose to tail. According to the auction house's listing, Apex "is mounted in an aggressive attack pose on a custom steel armature."

It was excavated on private land in Moffat County, Colorado, near the town of Dinosaur, between 2022 and 2023.

"Apex" sold for $45 million at a Sotheby's auction Wednesday.  Alexi Rosenfeld / Getty Images
Close-up of a Stegosaurus fossil that sold for nearly $45 million in a Sotheby's auction on July 17, 2024. Alexi Rosenfeld / Getty Images

The fossil of one of the world's most recognizable dinosaurs is nearly completely intact, according to Sotheby's. The fossil also shows signs of arthritis, suggesting that Apex lived a long life. 

Apex is not the first dinosaur to sell at auction. In 1997, a Tyrannosaurus rex fossil sold for $8.4 million and in 2020, another T. rex skeleton fetched $32 million. Two years later, in 2022, Sothebys sold a Gorgosaurus skeleton for over $6 million. 

— The Associated Press contributed to this report

    In:
  • Sotheby's
  • dinosaur
Megan Cerullo

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting.

More:Finance

Recommend

Texas man accused of supporting ISIS charged in federal court

HOUSTON (AP) — A Texas man charged with trying to provide material support to the Islamic State grou

Pacific storm that unleashed flooding barreling down on southeastern California

SANTA BARBARA, Calif. (AP) — A Pacific storm that pounded California’s coastal areas and stranded mo

Ohio governor visits hospitals, talks to families as decision on gender-affirming care ban looms

BEXLEY, Ohio (AP) — Republican Ohio Gov. Mike DeWine has been visiting hospitals and speaking with f