Historic Bidding Battle for Stegosaurus Fossil Sets New Auction Record at $44.6 Million | Sotheby’s
HTML-код
- Опубликовано: 5 сен 2024
- The finest Stegosaurus to appear at auction, “Apex,” made history today selling for $44.6 million at Sotheby’s New York, becoming the most valuable fossil ever sold at auction, exceeding its pre-sale low estimate over 11 times.
Selling to applause after a bidding battle lasting over 15 minutes, “Apex” was chased by seven bidders on the phone to the final record-breaking price, more than 11 times its low estimate. The fossil follows a long tradition of unique and important dinosaurs offered at Sotheby’s, surpassing “Sue,” the first-ever dinosaur to be sold at auction, who achieved $8.2 million in 1997.
In 2022, commercial paleontologist Jason Cooper discovered “Apex” at his property in the aptly named Dinosaur, Colorado. Nose to tail, it measures 11 feet tall and 27 feet long.
Sotheby's specialist Cassandra Hatton collaborated closely with Cooper from the day of discovery to document the entire process, from excavation to restoration, preparation, and mounting, ensuring that the specimen was handled with the highest standards and transparency, preserving important contextual information, such as fossilized skin impressions, and three ossicles (throat armor), which were sold together with “Apex” today.
This is the first time an auction house has been involved with a specimen of this kind throughout the whole process.
Still haven’t subscribed to Sotheby’s on RUclips? ►►
/ @sothebys
Want more information on Geek Week? ►►
www.sothebys.c...
Phyllis moved things along, her ever-present gavel a reminder to bid quickly. She's masterful - leaning out toward the field to pull bid after bid, then leaning back and reeling them in.
Amazing she knows the bidders names as well
@@amberkeller6757 The people on phones were representing the bidders, not the actual potential buyers themselves. My impression was that many of the reps on the phones were actually Sotheby's employees. She actually mentioned the titles of some of them. Only one was welcomed to Sotheby's, so perhaps a new employee. I imagine that there's a lot of responsibility (as well as liabiliity) to deal with phone buyers and that it would be Sotheby's top employees on the team. Thus the auctioneer would know their names.
The auctioneer is superb fun to watch.
yeah imagine the commission on a $40m sale!
How exactly? By simply speaking??
I don’t get it
@@terryl7749almost half
@@Slant88 she a drama queen
oh PHYLLIS was at the rostrum for this auction?! let me tell you, when I saw the opening clip for this video I went HELL YEA! that late bid by Jodi's bidder was phenomenal, and what a bidding war between Jodi's bidder and Adam's bidder. Phyllis did an incredible job keeping the room on their toes, too! Impressive auction through and through.
Yes!! I was so excited when I saw it was her. I love the way she commands the room and seems to so enjoy the gameplay of the auction
i have some bones from a pork rib dinner while ago, starting bid at $8.
That is the funniest comment I have ever read. Thanks me for making me laugh so hard.
8.1
Oh, I forgot the auction was today.😮
Arg and it was so cheap.. sadly I was on my yacht...
@@davidg8497such a shame. let’s look for the current owner and bid it 3x the price. can you guys help find?
I bet spike’s mom is so proud of what her “little” one has achieved.
I don't even really know what to say. When you have billions of dollars, money loses all meaning. For the person that bought this, 45 million dollars might as well be 44 cents. Money means absolutely nothing!
When you need to launder 40 million you buy a fucking dinosaur
@@Planetgreen365 thank you
Dawg the "living" dinosaur in Jurassic world fallen kingdom sold less than that😭😭
Those bones are 150 million years old. That’s before money, before the concept of money, before even the concept of concepts. Hopefully they’ll last long enough to see the same come true again
Saw this in a story, so I've came to see the dinosaur 😊🦕
She is sooooo calm.
I assume it was bought by a museum with very deep pockets. Like Sue the Tyrannosaurus was bought by the Field Museum in Chicago.
no, unfortunately it has been bought by a private, an American guy. He said he might loan it to a museum.
@@OrontesRM Actually, that's good. That means it wasn''t sold to someone in the Middle East or China, and I imagine he lives in an area where paleontologists would have good access to it. I imagine that it will end up in a museum sooner or later.
@@OrontesRMKen Griffin, who has donated hundreds of millions to scientific institutions already, a notable example being The Field Museum in Chicago. I’m not happy with the $40million dollar price tag, but at least there’s a bit of silver lining and it won’t be lost to science entirely.
@@devinp.2934 to be honest ive nvr been to a natural history museum that didnt have one or more already
Oh this? It's my stegasuarus! I call her Spiney.
this is such a weird video haha but strangely absorbing
Been fossil hunting for years here in the UK . Minor finds . I don't really treat myself to anything but for my sixtieth birthday I bought a mososaur tooth from a fossil shop . Massive treat . Honestly if I was a mul😢 billionaire loads of cash 🤔 Probably would have bought this steggie
That would look amazing in my front yard decorated with Christmas lights but I think that I would have stopped at 27 million. Guess I will wait for a T-Rex. Those are more abundant so I should be able to get a good deal.
I would have stopped at $20 💀
Its so funny to see the auctioneer posing and changing positions so many times like its a photoshoot!!!!
Im surprised this was sold at auction to the public rather than being kept in a museum since they said its likely the most complete stegosaurus ever!
I like to watch wristwatch auctions. This is a different crowd. A much richer crowd.
I love the stegosaurus but it’s kind of sad that we live in a world with so much poverty and a dinosaur’s bones can be sold for 40 million dollars.
Better get out there and fix the world
@@mikecyanide6714 working on it
There will always be poverty amongst us. So the best you can do, help those that God allows you to help and be content with that.
Poverty is caused by the people in poverty, little sympathy here
@@jasonsseashellandfossilcol390 think before you write. Do you see anyone looking for sympathy? Do you understand that someone spend 40 million dollars on a dinosaur? I ask you to think. Don’t just go off of your emotions. If you don’t understand it. That’s ok too.
Love your style, Phyllis.
This is real treasure worth every penny ... nothing man made can compare .. you can walk into a home with a 30 million dollar painting and youll just walk by not knowing ... walk into a mega mansion and ur face to face with this beast ... youll forget all about the mega mansion
I dearly hope a museum bought it.
i'm also impressed with the lego version 😊
@@DreadEnderKen Griffin bought it
Please be bought by a museum! Please be bought by a museum! Please be bought by a museum!
Please be bought by a museum! Please be bought by a museum! Please be bought by a museum!
@@DreadEnder it's brought by a billionaires but it's going to a USA museum
@@kenfern2259 hopefully
You can go to any natural history museum and see one to be honest
@@junioradult6219 I saw this one in person it different from other stego I saw . The head shape has a bit of a curve also the beak is broken
Ken Griffin bought the dinosaur
I am in love with Phyllis.
Errr
Thank you so much for this video. Super helpful and well-presented. Your time and effort is most appreciated!
what a strange auction.
This auctioneer is part psychologist part performer part salesman excelling at understanding the billionaire bidders. I’m amazed how she switches accents from British to New Yorker to Middle American depending on which bidder she is targeting.
Wait. Why does the heading say $44.6 million when the at the end of the auction it sold for $40 million?
Commission
The "buyer's premium" gets added after the final bid and is retained by the auction house, not the seller. It's been that way since the 1970s.
@@andyhorne9747 Thanks.
@@Pax22100 Thanks.
Just cannot stop thinking of how man hungry kids this would have fed or how many homeless vets could be housed with this money instead it fed the ego of a hedge fund manager.
Couldn't agree more. Just illustrates how out of whack our economy is.
And to never been seen again. Housed in a private collection. What a tragedy.
For one or two generations, maybe. But it will certainly end up in a museum at some point. It's been underground for 65 million years; what's the rush?
It will also help to fund future excavations, for more species to be found. It is probably why the paleontologists decided to sell it, to fund future excavations
Many times the winning bidder will lend it to a museum. Although this one I'm not too sure what the owner's intentions are.
And no one in the audience actually bidding on things anymore…
If Sotheby’s ever makes an AI app, it should be called Phyllis !
I need to watch outdoor survival videos to bring back some balance now. Indoor plumbing makes me feel rich.
Bring back the streams man
most of those bidders just phoned it in
It`s so sick, what will be the price for the next T- rex? There are thousands of tons of fossil bones waiting to be unearthed and studied by paleontologists in museums. And skeletons also, it`s just a matter how complete and wich time they will be be found. Da Vinci painted only one portrait of "Mona Lisa"... but millions of T- rex individuals were walking on this planet in the cretaceous. People are obviously getting crazy at the moment... 🤔
That audience looks mighty young to be witnessing something being sold that is so old. I am curious about some of the other items sold. It is nice to see the regard for the Stegosaurus. It is a bit pricey simply to assemble and bring to auction such an offering.
Many are bidding for someone else. They are buyer representatives. Much like the people on the phones.
I think a lot of the "mighty young" are interns. Also, this is not a case of simple assembly and bringing to auction. This guy owns the land he dug it out of bit by bit over a long time and then cleaned it which also takes a painstakingly long time, put all the pieces together, and then brought it to auction. He is a commercial paleontologist and puts in a lot of know how and work to arrive at what you saw today.
This was a 10 AM sale with mostly modestly priced lots, like a Purpurite, lot 51, that went for $1,680. These are people off the street who want to watch an auction. Sotheby's lets anyone in for sales like this.
There just happened to be a dinosaur skeleton with an estimate of $4-6m that sold for $44m(!!!!) amongst all the low-value stuff.
@bngr_bngr No, these are just random people off the street.
@@SusanHarris-sk2ib These are people off the street. See my response to the original post as to why.
You can see many interns watching the sale in the pan across the back of the room at 15:17. One other tell is the audience members are dressed too casually and the interns have a "smarter" dress code.
@@artpro5930 My response was to SkyRangerNick - not to you as far as I remember - when he spoke of mighty young people and a bit pricey for simple assembly and putting up for auction.
I heard this was a good auctioneer. She got nothing on the ones in rural Wisconsin.
She ain't got nuthin' on Jim Dickens from Letterkenny, Ontario.
Yeah shes trying way too hard to be sensual or whatever that is….shes trying to make the auction about her
The names she's calling out: Simon, Emily, Cassandra, etc. - are these the name of the bidders who are calling in, or the names of the Sothebys employees who are holding the phones?
The agents representing the bidders. Jodi represented Ken Griffin who purchased Apex (The Stegosaurus skeleton).
She noted at least one by title as an employee of Sotheby's. Perhaps many of them are the same.
Adam and Jodi work for Sotheby's. Not sure on the others.
I bought it 🦖
“Passion”..
Thank You.🍃
It should be rightfully sent to scientists or a museum not to some rich person who's using their daddy's money.
44Mio is a bit much for daddys pocket money 😅 for every rich kid. Maybe it is a private Museum now, we dont know. When the last owner can work with this money to bring up more Dino bones, then it is a good thing.
I read it will go to US museum
At least he will donate to museum as far I heard. Fuck laws for not protecting fossils.
Fossils shouldn't have crazy prices like this and all important speciments shouldn't be able to sell at all
i wish apex could be laid to rest inside of a natural history museum for others to see and admire instead of collecting dust inside someone's mansion
The commission will keep Sotheby’s going for a while. I bet staff got a treat after this one…
Compared to the 100s of millions priced items? This is small potatoes for them
Damn a new record!
How does it work because she hammered it om 40. Is the 4.6 a commission for the auction house?
Damn, that room looks depressing
I hope my assistant is writing this all down I just wanna play cards
Amazing the uncomfortable chairs they make the bidders sit in while bidding millions! 🙂
Who won the auction
i can't afford to run my a/c, mfs out here buying dinosaurs!?‽
Amazing Bro
Buyer's premium is 16%, that brings it up to 46.
Should've had a picture-in-picture of the face of the seller as the millions got higher and higher.
Please tell me a museum was the winning bidder
a nice round number - for tea
Why are they all on the phone?
They're talking to the buyers. The people in the room aren't the buyers, they're just representing the buyers.
$44.6 million for a bunch of bones.....to have that kind of wealth and to spend it on this versus how this money could have been spent in a more impactful way. Hopefully, this proud new owner of Apex will loan it out to a museum for a very long time. Curious, who gets a chunk of that 44.5? Sotheby's certainly will get a %'age, what about whoever found the skeletal remains, what about the representatives on the phone bidding on behalf of the various bidders?
Dystopiaaaaaaa
Dang it, only if it were 44.5 million it would be mine now 😢😢😢😢 😂
Wheres adele she will get a custom piece but I thought she would bid
apex herbivore?
Them plants were quakin in their boots when he rolled up in the hood.
Why do they all use landlines?
because you never have to worry about a dropped call or crappy reception. I actually miss landlines - sound and volume was crystal clear, never garbled and no dropped calls.
It belongs in a museum. Not to the Beseech of a fool.
People applauding money is kinda cringeworthy.
How she knows their names?
"They are just numbers at this point" such a capitalist joke.
Jealous much
That’s how an auction works.
@@bzamski17 it's not even about jealousy It's more that fact these are priceless specimen and consider the fact that stegosaurs are rare among Morrison formation and the fact if it's gets lock up in someone mansion it's literally lost and it also contain arthritis sick of disease plus skin impression .
@@kenfern2259 Stay tuned for the fossil to be donated to a Natural History Museum as is nearly always the case.
@@tsfoxe hopefully there are some that aren't as lucky . One allosaurus is chilling in the mansion 60 percent complete . Im thinking it's possible that the museum that got stan brought it
Ken Griffin is the buyer
What's cool is the actors are not well known, so it's seems more real and believable than if they used the usual stars.
If it sold for 40, what is it actually worth 😳
Where does the money go?
The lady selling is deliberately leaning forward and back to increase the sense of excitement and interest. It’s rehearsed. Pumping the money up.
You think the lady body language is really influencing the decision maker/accountant on the other side of the phone line?!?!?!?!
Yeah, everybody was pretty bored before she leaned in.
Of course she is! That's her job, and the whole point of the auction. Auctions are basically gambling, and we don't hold it against casinos for making their gameplay interesting. The results aren't rehearsed, but her manner is practiced for sure! To auctioneer at sothebys you've got to be absolutely top of the game
whats with the phones - why dont people that have the money just go to buy ?
Wondering if it was bought by an oil sheikh: "Look what it was before being petrol."
Cant you do that with everything living?
oil*
Shocking behavoiur from idiots battling for a carcass that would kill them instantly who can barely afford it.
I bid $1.25.
typeshii
..sold to a private buyer, unfortunately.
Like watching paint dry, I can't believe this got so much attention. The world needs to get a life.
i knew from the beginning theyll sell it 20m $ at least 😂 1kg of grape in supermarket can cost that money soon, and its a stegosaur real sceleton. beter than superyachts and superhouses investments 😂
The constant repeating of the same number is annoying
Great performance. That kind of money could feed and house many villages. Apex could be in a museum for education. We don't yet know the buyer's intentions.
Who cares. You wanna have a say, have an extra 40 mil😂
Nobody has a right to own it
I don't understand the NYT commentary about how good this auctioneer is. She seems nervous/shaky.
This is just sad such an amazing specimen being sold literally prying knowledge out of ppl's hands
#JUSTICEFORAPEX
Luckily enough Ken griffin bought apex and apex is gonna be sold into a museum so KEN GRIFFIN IS THE GOAT,THE GOAT!!
This 'piece'!, will be displayed in a major museum in time. It will bring attention and notoriety towards the owner. Along with a lot of love and affection from the general public that will garner a greater interest towards our evolution and history.
@@seankeef9838 you are a gigachad
@@seankeef9838I hope but I’m not hopeful. It took decades for deinocheirus to come out of private collections and the Dakota duelling dinosaurs are still in private collection.
@@seankeef9838 I edited the comment to reflect this
Sotheby’s = Money Grabbers
She sounds sick
Just very clever, knowledgeable, intelligent and understands a good show.
No its a Didyouthinkhesawus
If it cost one cent 130 million years ago, the price seems about right considering inflation. Wait... you're saying it didn't cost the original creator anything?
She is the most boring Auctioneer I have ever seen.
Actually, it sold for $40 million, not $44.6 million, but at that rate, what’s a mere $4.6 million difference? 🙄
The buyers premium will also apply to the 40 million dollar purchase price.
@@dongiogarciasantiago2864 There's no VAT in New York State and the listed price does not include it.
@@artpro5930 Still, the sellers premium.
@@artpro5930in america its called sales tax, and goole says the ny rate is 4%-4.875%
It’s the buyers premium.
🥰💝😇🕊🛡💐💐🎁🥳💝
Grotesque.
A fool and his money is soon parted
Not to many fools have an extra 40 mil sitting around
The worst auctioneer ever.
Next up a truly OLD fossil, Joey Mumbles oops Biden. Do I hear 40 cents? Jody? Adam? Hillary?
Wasted.
Like you?
A museum is either the seller from 3rd party with the excavation team or the museums have no room and or money to outbid, idk why people are upset with this being bought, i bet you would bid for it you had the dough for it haha people are too quick to judge, i wish everyone was born a billionaire, youd see the true personalities amd characteristics of people, id definitely bid for this uf that was even remotely in my path financial path