The dinosaur bone market has crunched. Once a favorite collectible of high-flying hedge fund managers, the prices of everything from tyrannosaurus rex to brontosaurus fossils have skidded. A recent auction of a triceratops skeleton failed to reach its minimum bid of $1 million. Even prices for fossilized dinosaur excrement, a popular niche market, have gone down the toilet.
The all-time high for these specimens was hit ten years ago when a T-rex named “Sue” sold for $10 million, which, after much litigation, ended up in the Field Museum in Chicago. Floor traders in the pits should pay a visit to the museum to see what a real predator really looks like.
Dealers were hoping that the sale of a rare three foot tall, 18,000 year old possible pre human hominid, homo floresiensis, discovered in Indonesia, would help revive the market. Alas, the price came up short.