Sotheby’s Big T. Rex Auction Raises Concerns Hype and Wealth Are Upending Science

Forget the sale of the century. The auction house Sotheby’s is gearing up for the sale of the epoch. On July 14 it will open live bidding on assorted fossils, but the pièce de résistance is lot 20, a rare 67-million-year-old Tyrannosaurus rex skeleton.

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.

By nearly all accounts, Gus is a big deal. In its description, Sotheby’s boasts that the specimen, which was discovered...

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