A record-breaking Stegosaurus fossil, named 'Apex', was sold for $44.6 million at an auction held by Sotheby's on July 18, 2024. The sale price surpassed the pre-sale estimate of $4 million to $6 million and set a new record for dinosaur fossils.
Discovered in Moffat County, Colorado, near Dinosaur town by commercial paleontologist Jason Cooper in 2022, Apex is one of the most complete Stegosaurus skeletons ever found. It measures 11 feet tall and nearly 27 feet long from nose to tail and has approximately 75% of its bones present.
The large, robust adult specimen showed no signs of combat-related injuries or postmortem scavenging, indicating that it lived to an advanced age. There is also evidence suggesting that Apex had arthritis.
Hedge fund billionaire Ken Griffin was the successful bidder for Apex and plans to explore loaning the specimen to a U.S. institution for display.
Apex's sale follows in the footsteps of other high-profile dinosaur fossil sales, such as 'Stan', a Tyrannosaurus rex sold for $31.8 million in 2020 and 'Sue', a T. rex sold for $8.4 million in 1997.
Despite the excitement surrounding Apex's sale, some paleontologists argue that fossils like this should be kept in museums or research centers instead of being sold to private bidders.
Sotheby's auction house handled the sale and reported that there were seven bidders during the live auction. The buyer, who chose to remain anonymous, said: 'Apex was born in America and is going to stay in America.'