July 15, 2026:
NEW YORK (AP) — A Tyrannosaurus rex fossil billed as one of the world’s largest and most complete specimens was sold for a record $50.1 million Tuesday (July 14, 2026) to a mystery bidder.
Sotheby’s said the 67-million-year-old fossil, nicknamed “Gus,” is now the most expensive set of dinosaur bones ever auctioned off, besting the almost $45 million price tag for a nearly complete stegosaurus sold by the same New York auction house in 2024. The previous record holder had been a Tyrannosaurus rex skeleton nicknamed “Stan” that sold for nearly $32 million in 2020.
“Gus is not only an exceptional find, but a specimen that’s been excavated, documented, prepared, and cared for with real excellence,” Cassandra Hatton, Sotheby’s vice chair, said after the sale was completed. “The market responds when great specimens are taken care of in the right way.”
Why the bidding for this T. rex was intense
Standing upright with its tail extended and right foot slightly raised, “Gus” is an adult dinosaur specimen measuring about 12 ½ feet (3.8 meters) tall and 38 feet (11.5 meters) long.
He’s about 61% complete, with what Sotheby’s describes as an “exceptionally preserved” skull including a gaping jaw of powerful teeth, two “well represented” feet and a number of rarely found bones, including a furcula, or wishbone.
The fossil was discovered in 2021 on a ranch in South Dakota and named in honor of property owner Gary Licking, who died during the roughly five year excavation, restoration and mounting process.
The auction house said the winner, who participated by phone and wants to remain anonymous, outbid six other prospective buyers during Tuesday’s 10-minute bidding battle. The piece had been estimated to fetch anywhere from $20 to $30 million ahead of the sale.
“Try a bigger bite,” auctioneer Phyllis Kao cajoled the bidders at one point during the auction, which was conducted live and online. “It’s a T. rex, after all.”
Scientists want ‘Gus’ on public display
The Society of Vertebrate Paleontology, an advocacy group of scientists, scholars and students, said scientifically significant fossils such as “Gus” should be publicly displayed in museums and other research institutions so that they can be “preserved, documented, and accessible for future generations.”
“Our hope is that the new owner recognizes the extraordinary scientific and educational value of Gus the T. rex and that they aim to keep it in the public trust by immediately donating it to an accredited natural history museum,” Kristi Curry Rogers, the society’s president-elect, said in a statement Tuesday. “That outcome would ensure that this remarkable specimen continues to advance science, rather than becoming unavailable for study.”
Indeed, “Apex,” the stegosaurus, the previous dinosaur fossil record-holder, is currently on long-term loan to the American Museum of Natural History in Manhattan. “Sue” the T. rex, the first dinosaur ever sold at auction in 1997, also by Sotheby’s, is a centerpiece of the Field Museum in Chicago.
And “Stan” is on display at the Natural History Museum Abu Dhabi, posed in combat with another fossilized T. rex over the remains of a triceratops.
A Cretaceous king and Hollywood staple
Tyrannosaurus rex, whose name roughly translates to “King of the Tyrant Lizards,” stood firmly at the top of the food chain when it ruled during the late Cretaceous period.
With its fearsome jawline and comically stubby arms, it has become the most recognizable and beloved of the dinosaurs, depicted in everything from children’s programs like Barney, the purple T. rex, to the enduring “Jurassic Park” movie franchise.
The great beasts roamed what is today western North America, during a time when the region boasted “warm climates, high sea levels, and rich coastal floodplains” that allowed their primary prey, giant herbivores like the triceratops, to flourish, according to Sotheby’s.
July 14, 2026:
(Bart Pfankuch, South Dakota News Watch)- A Tyrannosaurus rex fossil discovered on a ranch in western South Dakota has sold for more than $50 million in an auction held Tuesday morning in New York.
According to the Sotheby’s website, the auction is closed and the dinosaur fossil nicknamed “Gus” was sold for $50.13 million after starting at $19 million, one of the highest sales ever for such a fossil. The sale price is well above the $30 million price estimated by Sotheby’s prior to the sale.
No information was provided about the buyer.
The find was made by paleontologists with Theropoda Expeditions, a Texas company specializing in commercial excavation, preparation and mounting of dinosaur fossils.
The skeleton was found on private ranch land in Harding County in 2021 and was dug up and reassembled over a five-year period. The ranch is owned by Dana Licking and her late husband, Gary, whose nickname was Gus.
The 38-foot long skeleton stands more than 12 feet tall and has one of the most complete T. rex skeletons ever found. The dinosaur is from the late Cretaceous Period and was believed to have lived on Earth 67 million years ago.
The ranch lies in the famed Hell Creek Formation, a geological region of northwestern South Dakota and parts of Montana, North Dakota and Wyoming where dinosaur finds are fairly common.
Gus Rex photo courtesy of South Dakota News Watch.
Gus Rex photo courtesy of South Dakota News Watch.
Gus Rex photo courtesy of South Dakota News Watch.
July 13, 2026:
(Bart Pfankuch, South Dakota News Watch)- A Tyrannosaurus rex fossil discovered on a ranch in western South Dakota will be auctioned off in New York City on Tuesday with a possible sale price of $30 million or more.
The 38-foot long skeleton, nicknamed Gus, stands more than 12 feet tall and has one of the most complete T. rex skeletons ever found. According to Sotheby’s auction house, which is handling the sale, Gus could bring the highest sale price ever for a dinosaur fossil.
The dinosaur is from the late Cretaceous Period and was believed to have lived on Earth 67 million years ago.
The Harding County ranch where the skeleton was found lies in the famed Hell Creek Formation, a geological region of northwestern South Dakota and parts of Montana, North Dakota and Wyoming where dinosaur finds are fairly common.
Several other major dinosaur finds have been made there, including Sue, the famous T. rex discovered in 1990. After legal wrangling over ownership, Sue was auctioned in 1997 at a sale price of $8.3 million to the Field Museum of Natural History in Chicago, where it remains today.
The first piece of Gus, a metatarsal from the dinosaur’s foot, was found in 2021 sticking out of the ground on a Harding County ranch owned by Gary and Dana Licking. The find was made by paleontologists with Theropoda Expeditions, a Texas company specializing in commercial excavation, preparation and mounting of dinosaur fossils.
The fossil consists of 183 bone elements, making up 61% of the possible bones in the dinosaur’s body and representing 75% to 80% of the original bone mass by weight, Sotheby’s said.
The dinosaur Sue is 40 feet long and 13 feet tall and is considered the largest and most complete T. rex skeleton ever discovered at 90% of possible bone mass.
“This is our longest-term project ever,” Cassandra Hatton, worldwide head of Sotheby’s Science & Natural History division, said in the video. “From the day the first bone was discovered, we’ve been going back and forth to South Dakota to oversee this whole process.”
The lowest opening bid accepted will be $19 million, with an estimated sale price up to $30 million or more depending on buyer interest, Sotheby’s said.
Gus is named after rancher Gary Licking, whose nickname was Gus. Licking died at age 67 in February 2022, before the full extent of the T. rex skeleton was known.
Gary and Dana Licking married in 1983 and lived on their family ranch 11 miles west of Buffalo, according to Gary’s obituary.
Dana Licking said in Sotheby’s video that she was impressed at the level of skill and professionalism displayed by the paleontologists who discovered the skeleton.
“I’m really grateful that they found it because it could have been lost and nobody ever would learn anything about it,” she said.
Walter Stein, owner of PaleoAdventures in Belle Fourche, in western South Dakota, is an independent paleontologist who is also working to uncover fossils in the Hell Creek Formation.
Western South Dakota is likely to remain a hotbed for discovery of dinosaur fossils, said Stein, who last year opened the Dinosaurs of the Hell Creek Museum in Belle Fourche, a 6,500 square-foot museum with a working paleontology lab, interactive exhibits and dinosaur displays.
“Finding a Tyrannosaurus rex skeleton with 183 bones doesn’t happen every day,” he said.
Stein said the auction of Gus could lead to a purchase by either a museum or a private individual or group.
But it is unlikely an American museum would have the funding to acquire Gus because many are struggling or struggling financially, Stein said. Across the world, however, interest remains high in major fossils in countries where funding may be more accessible, such as in Japan, Korea, China, Dubai, Saudi Arabia or in Europe, Stein said.
“On the one hand, I would love for this and every fossil I collect to go to a museum,” he said. “However, there’s so many dinosaur specimens and skeletons on display, it’s not going to affect the science that much if it ends up in private hands.”
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