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Science Friday

What The Private Sale Of Fossils Means For Paleontology

Aug 12, 2024
Ken Griffin, billionaire and CEO of Citadel, shares insights on his recent record-breaking purchase of a stegosaurus fossil for $44.6 million. He plans to loan it to American institutions, but this trend raises concerns. Paleontologists worry that as fossils increasingly go to private collectors, access for research and education will dwindle. The conversation dives into the implications of skyrocketing fossil prices and the potential loss of vital specimens for science, emphasizing the importance of maintaining public engagement with natural history.
17:22

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The recent auction of a Stegosaurus skeleton for $44.6 million highlights the escalating privatization of crucial dinosaur fossils essential for research.
  • Paleontologists express concern that the trend of auctioning fossils limits public access to specimens, hampering education and scientific discovery.

Deep dives

The Rising Cost of Fossils

The sale of dinosaur fossils has escalated into a lucrative market, highlighted by the recent auction of a Stegosaurus skeleton for over $44 million. This trend of high prices reflects a shift wherein complete and scientifically significant fossils are increasingly sold to private collectors rather than museums. Paleontologists are concerned that this practice limits the availability of important specimens for research and public education, as many fossils may end up hidden away in private collections. The rarity of well-preserved Stegosaurus fossils enhances the significance of this particular specimen, making its sale especially alarming for those in the field.

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