March 20, 2009

Dinosaur fossil may sell for $500,000

A fossil of a 150-million-year-old dinosaur could sell at a New York auction for up to $500,000, a gallery official says.

Josh Chait, the director of operations for the I.M. Chait Gallery, said a Jurassic Dryosaurus fossil being sold for economic reasons would make an amazing addition for any collector, the New York Daily News said Friday.

It's great for a private collection, Chait said. But I'm hoping it goes to a museum or some institution.

The 9-foot-long fossilized skeleton was found in Wyoming in 1993 and currently belongs to Western Paleontological Laboratories.

Chait said the skeleton up for sale as part of the Natural History Auction on Saturday is one of only two Dryosaurus skeletons in existence.

Chait told the Daily News the fossil up for auction far surpasses the one at Pittsburgh's Carnegie Museum.

This one is far superior in terms of size and restoration, the auction official said.