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No home should be without a T-Rex

The skull of "Samson" at the Bohmans and Butterfields auction. The 66-million-year-old Tyrannosaurus Rex is the third most complete T-Rex skeleton in the world, and is the only one to have been found without a crushed skull. Samson was being stored in a warehouse on the East Coast. The estimated price was between $6-10 million. Bidding reached $3.6 million, but that wasn't enough to reach the minimum required by the seller.

Pictured in full view: Collector William Barker stands with Samson's skull. Barker helped assemble Samson at the Venetian.

- Stacey Vanek-Smith

William Barker, a.k.a. Doc Fossil, a fossil excavator, collector and dealer, standing with the largest prehistoric set of shark jaws in the world. The shark, known as the Carcharocles megalodon lived about 16 millino years ago and was thought to have been about the size of a blue whale. The teeth were collected by Barker and legendary shark-tooth diver, Vito Vertucci. The auction estimate put the value for the jaws at between $900,000 and $1.2 million. Bidding went up to $550,000 for the jaw, but that wasn't enough to meet the minimum requirement by the seller.

- Stacey Vanek-Smith

Larry Lawson, an oncologist in Big Lake Alaska has been collecting fossils for years. He came to the auction to sell his woolly mammoth and ended up buying three dinosaurs because he thought the prices were so good. He stands with his new purchases, a mother and baby Einiosaurus. Lawson landed the pair for $365,000. They had been slated to sell for roughly twice that.

- Stacey Vanek-Smith

This woolly Mammoth skeleton is around 35,000 years old, dating back to the last ice age. It sold for $80,000 -- less than half the auction house's estimated price.

- Stacey Vanek-Smith

The Bonhams and Butterfields natural history auction took place at the Venetian Casino and Hotel in Las Vegas. The brought in more than 1.7 million dollars. The featured item, Samson, a 66 million year old T-Rex, did not sell.

- Stacey Vanek-Smith

Arm bone of the Hadrosaurids, or duck-billed dinosaur. This was one of the most popular items at the auction. It sold for more than $10,000

- Stacey Vanek-Smith

A dinosaur egg clutch found in Southern France. The eggs are thought to belong to the Hypselosaurus, a plant-eating dinosaur. The eggs had been owned by a Japanese museum that closed. The auction house was hoping to fetch at least $30,000 for the clutch, but bidding only went up to $17,000.

- Stacey Vanek-Smith

This Kansas King Fish is the second-largest known bony fish specimen in the world. It was one of the most popular items at the auction and sold for around $400,000, more than the expected price.

- Stacey Vanek-Smith

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TEXT OF STORY

Bob Moon: If you're looking for the ultimate conversation piece, there's nothing like an ancient carcass to really pull your living room together. Over the weekend, an auction of enormous proportions took place at the Venetian Casino in Las Vegas. The natural history auction offered an assortment of dinosaur skeletons all for sale to the highest bidder. As Marketplace's Stacey Vanek-Smith reports, millions of years of evolution were no match for one year of economic meltdown.


STACEY VANEK-SMITH: This was not your typical auction.

AUCTION: At $80,000 now for the woolly mammoth, go $85. $80,000, no home should be without one. $80,000.

Yeah, that's right. A woolly mammoth could be yours for the price of a BMW.

AUCTION: Sold! Thank you, sir!

The Bonhams and Butterfields' auction, held right off the casino floor at the Venetian hotel, included a 65-ish-million-year-old duck-billed dinosaur, the largest prehistoric shark jaw in the world, fossilized dinosaur eggs and a Tyrannosaurus Rex.

T-Rex: ROAR.

Named Samson. Thomas Lindgren, headed up the dino-auction. He says the T-Rex's owner, who asked to remain anonymous, called about three months ago, wanting to sell.

THOMAS LINDGREN: Having a Tyrannosaurus Rex as our star, and three other dinosaur skeletons, along with world-class, museum-type specimens, financially, it's huge.

Not nearly as huge as it might have been before the recession. A T-Rex named "Sue" sold for $8.3 million in 1997. Samson was only expected to fetch around $6 million.

MARION MANEKER: You've heard some very big, longtime collectors describe the sales as 60 percent off sales.

Marion Maneker is publisher of Art Market Monitor. He says the recession has pushed a lot of extraordinary finds onto the market because their owners need the money. And that means deals.

MANEKER: The people who have bought tend to be serious art collectors who suddenly feel that something has come on the market that they couldn't afford two, three years ago.

AUCTION: So lot number 23, this wonderful, exceptional, 66-million-year-old Tyrannosaurus Rex skeleton, known as Samson. We'll start the bidding here at $2.5 million -- $2.6, $2.7...

The bidding hit $3.6 million. But that wasn't enough to meet the minimum bid the seller was asking. So even on super-sale, Samson didn't sell. Neither did a lot of things. Most of the items that did sell, went for a lot less than the auction house was expecting. William Barker, is a fossil excavator and dealer. He helped assemble Samson at the Venetian.

WILLIAM BARKER: I'm still just awestruck. I had it in my hands. But I still can't get over how wonderful this is.

Barker says he thinks Samson is the finest T-Rex in the world. Still, he wasn't shocked that it didn't sell.

BARKER: It's pricey. When you start dealing in millions in a depression, you can't expect to really hammer it home.

But the auction did pay off for some. Larry Lawson is an oncologist in Big Lake Alaska.

LARRY LAWSON: I came here to sell something. Believe it or not. I have two mammoths, I was trying to sell one of them. Don't ask.

Instead, Lawson walked away with a duck-billed dinosaur and mother and baby Einosaurus. Don't ask. All for less than $750,000.

LAWSON: If this were two years ago, I'm sure I couldn't have touched these. They're going to be in my living room in Alaska, everybody's got a moose or a caribou or a bear that they shot. I don't care how big the moose is. This is cooler.

In Las Vegas, I'm Stacey Vanek-Smith for Marketplace.

About the author

Stacey Vanek Smith is a senior reporter for Marketplace, where she covers banking, consumer finance, housing and advertising.
Mickael B's picture
Mickael B - Oct 5, 2009

A story about dino fossils followed up by none other than Dinosaur Jr... classic!! Great choice!