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Citadel’s Ken Griffin buys a stegosaurus for $45 million in a document public sale sale

by Index Investing News
July 18, 2024
in Markets
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Individuals take a look at a just about full Stegosaurus fossil on show at Sotheby’s on July 10, 2024 in New York Metropolis.

Alexi Rosenfeld | Getty Pictures

Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, bought a late-Jurassic stegosaurus skeleton for $44.6 million at Sotheby’s Wednesday, marking essentially the most beneficial fossil ever offered at public sale.

The 150 million-year-old stegosaurus named “Apex” measures 11 toes tall and practically 27 toes lengthy from nostril to tail and it’s a practically full skeleton with 254 fossil bone components. Apex was solely anticipated to promote for about $6 million.

Griffin received the stay public sale in New York Wednesday after competing with six different bidders for quarter-hour. He intends to discover loaning the specimen to a U.S. establishment, in line with individuals conversant in his plans.

“Apex was born in America and goes to remain in America!” Griffin stated after the sale.

Apex exhibits no indicators of combat-related accidents or proof of autopsy scavenging, Sotheby’s stated. The stegosaurus was excavated on personal land in Moffat County, Colorado.

In 2018, Griffin gifted $16.5 million to Chicago’s Subject Museum to assist fund the show of a touchable solid of the largest dinosaur ever found —  a large, long-necked herbivore from Argentina.

In 2021, he paid $43.2 million for a first-edition copy of the U.S. Structure, outbidding a gaggle of cryptocurrency traders. He later loaned it to the Crystal Bridges Museum of American Artwork in Arkansas.



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Tags: AuctionbuysCitadelsGriffinKenmillionrecordSalestegosaurus
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