Sotheby’s Big T. Rex Auction Raises Concerns Hype and Wealth Are Upending Science
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A rare T. rex skeleton named 'Gus' is set to be auctioned by Sotheby's, with estimates reaching $30 million. Paleontologists are concerned that the trend of selling fossils to private collectors as luxury assets is hindering scientific research.
Why it matters
The commercialization of natural history specimens creates a conflict between private wealth and the preservation of scientific knowledge.
The specimen—dubbed Gus—is billed as one of the largest, most complete T. rexes ever found. Gus is expected to fetch up to $30 million and will go to the highest bidder, whether public museum or private collector. The latter have played an increasingly prominent role in buying fossils, with auction houses, according to paleontologists, contributing to the trend by building hype. But when private collectors swoop in and buy fossils at auction as luxury assets, those pieces of history are effectively lost to science.
The article presents both the auction house's perspective on property rights and the scientific community's concerns regarding research access.
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