A 67-million-year-old Tyrannosaurus rex fossil, nicknamed 'Gus,' has sold for $50.1 million (£37.4 million) at a Sotheby's auction in New York, setting a new world record for the highest price paid for a dinosaur fossil. The sale took place on Tuesday.

The T. rex specimen stands over 12 feet tall and is reported to be more than 60% complete, making it one of the most complete dinosaur fossils ever discovered, according to Sotheby's. The identity of the winning bidder has not yet been disclosed.

Gus was discovered in 2021 on a ranch in South Dakota. The record-breaking sale surpassed the previous record set by a stegosaurus fossil in 2024.