Auction is bare bones for dinosaur fossil
Posted on: Sunday, 22 March 2009, 12:49 CDT
A fossilized skeleton of a 150-million-year-old dinosaur failed to earn its minimum asking price at a New York auction, a gallery official says.
Jake Chait of the Natural History Museum's I.M. Chait Gallery blamed the struggling U.S. economy for the unsuccessful sale of the Jurassic period fossil Saturday, the New York Daily News reported.
If this was a year ago, the outcome would have been a totally different situation,
Chait said of the auction, which organizers had predicted would end with the skeleton selling for up to $500,000.
The impact of the economy has been further reaching than anyone expected.
The top bid for the 9-foot-long dryosaurus was just $220,000. Auctioneers told the Daily News they were attempting to amass the money needed to buy the dinosaur skeleton.
The newspaper said the auction did enjoy at least one notable sale. A 7-foot-tall baby woolly mammoth skeleton headed out the gallery doors after garnering a high bid of $45,000.
Source: United Press International
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