T. rex skeleton Gus sells for a record $50M at Sotheby's auction

A Tyrannosaurus rex skeleton nicknamed "Gus" sold for $50.1 million Tuesday at Sotheby’s, becoming the most expensive set of dinosaur bones ever sold at auction, the auction house said. The 67 million-year-old fossil blew past its $20 million to $30 million estimate after a 10-minute bidding war involving seven bidders, Sotheby's said. According to The Associated Press, the winning bidder participated by phone and chose to remain anonymous. TITANIC SURVIVOR'S LIFE JACKET SELLS FOR OVER $900K AT AUCTION, FAR EXCEEDING PRICE EXPECTATIONS "This result has been years in the making, and I'm thrilled to see that the hard work and dedication of Thomas Heitkamp and his team has been recognized," Cassandra Hatton, Sotheby's vice chairman and worldwide head of Science & Natural History, said in a statement. "Gus is not only an exceptional find, but a specimen that's been excavated, documented, prepared and cared for with real excellence.