Stan the T-Rex Sells for Record-breaking $31.8 Mn

Stan is at display at Christie's in New York. AP file photo
Stan is at display at Christie's in New York. AP file photo
TT
20

Stan the T-Rex Sells for Record-breaking $31.8 Mn

Stan is at display at Christie's in New York. AP file photo
Stan is at display at Christie's in New York. AP file photo

One of the most complete specimens of a T-Rex fossil in the world was sold for a record $31.8 million Tuesday by Christie's in New York, nearly quadrupling the previous highest price for a dinosaur at auction.

The apex predator made mincemeat of Christie's opening price of between six and eight million dollars, showing off the lasting power of the T-Rex.

It then shredded the previous record set by a specimen called Sue that was sold for $8.4 million in October 1997 by Sotheby's to the Field Museum of Natural History in Chicago.

Only around 50 Tyrannosaurus fossils have been discovered since the first was unearthed in 1902.

Bids hit the $9 million mark in less than two minutes after the start of the auction, but after 14 minutes there were just three bidders left in the race, until the hammer came down on an offer of $27.5 million, to which were added costs and commissions.

The sale was organized in New York, where the expert assessor was located, but with lines open to Hong Kong and London, where Christie's specialists were taking calls from collectors.

The fossil, nicknamed Stan, stands 13 feet (four meters) high and 40 feet long, with puncture marks in the skull and neck that experts believe show evidence of fights with fellow T-Rexes. He would have weighed in at around eight tons when alive, some 67 million years ago.

The fossil was discovered in South Dakota in 1987 and named after the amateur paleontologist who came across the remains, Stan Sacrison.

Paleontologists from the Black Hills Institute of Geological Research in South Dakota spent more than 30,000 hours excavating and then assembling the 188 bones of the skeleton, AFP reported.

Casts were then taken for dozens of museums around the world that wanted a copy of this exceptional specimen of Tyrannosaur, which experts believe was around 20 years old when it died.

Ironically, the terms of the sale prevent the buyer from producing 3D models of the dinosaur.

By law, such specimens can only be sold if the fossil was discovered on private land, which in this case it was.



China Heatwaves Boost Ice Factory Sales

A worker uses tongs to move ice blocks inside a refrigerated store at the Feichao Ice Factory in Hangzhou. Heatwaves across China have caused demand for ice to soar  - AFP
A worker uses tongs to move ice blocks inside a refrigerated store at the Feichao Ice Factory in Hangzhou. Heatwaves across China have caused demand for ice to soar - AFP
TT
20

China Heatwaves Boost Ice Factory Sales

A worker uses tongs to move ice blocks inside a refrigerated store at the Feichao Ice Factory in Hangzhou. Heatwaves across China have caused demand for ice to soar  - AFP
A worker uses tongs to move ice blocks inside a refrigerated store at the Feichao Ice Factory in Hangzhou. Heatwaves across China have caused demand for ice to soar - AFP

In a high-ceilinged room on the outskirts of eastern China's Hangzhou, workers use tongs to slide large blocks of frosty white ice along a metal track into a refrigerated truck.

Sales have picked up in recent weeks, boosted by heatwaves sweeping the whole country as summer sets in, the owner of Feichao ice factory, Sun Chao, told AFP.

Globally, heatwaves are becoming more frequent and intense because of climate change, experts say, and China is no exception -- 2024 was the country's hottest on record, and this year is also set to be a scorcher.

Last week, authorities warned of heat-related health risks across large swathes of eastern China, including Zhejiang province where Hangzhou is located.

"In the spring, autumn, and winter, a higher temperature of two to three degrees doesn't have a big impact on our sales," Sun said.

"But in the summer, when temperatures are slightly higher, it has a big impact."

Feichao is a relatively small facility that sells ice to markets, produce transporters, and event organizers.

As the mercury soared past 40 degrees Celsius (104 degrees Fahrenheit) in multiple cities across China recently, ice from businesses like Sun's was used to cool down huge outdoor venues.

In neighbouring Jiangsu province, organisers of a football match attended by over 60,000 people placed more than 10,000 large blocks of ice around the stadium, according to the state-owned Global Times.

As AFP watched lorries being loaded with Feichao's ice on Wednesday, an employee from a nearby seafood shop came on foot to purchase two ice blocks -- each selling for around $3.50 -- hauling them off in a large plastic bag.

"In May and June, I can sell around 100 tonnes a day. In July, that number grows, and I can sell around 300 to 400 tonnes," Sun told AFP.

China has endured a string of extreme summers in recent years.

In June, authorities issued heat warnings in Beijing as temperatures in the capital rose to nearly 40 degrees Celsius, while state media said 102 weather stations across the country logged their hottest-ever June day.

The same month, six people were killed and more than 80,000 evacuated due to floods in southern Guizhou province.

China is the world's biggest emitter of the greenhouse gases that scientists generally agree are driving climate change and making extreme weather more intense and frequent.

It is also a global leader in renewable energy, adding capacity at a faster rate than any other country.