T rex fossil ‘Gus’ sells for $50.1m at New York auction, setting new record

Skeleton judged to be one of the largest and most complete ever unearthed was excavated on a ranch in South Dakota

A vast, fossilized Tyrannosaurus rex nicknamed Gus sold at Sotheby's in New York on Tuesday for $50.1m with fees (37.4m) to a phone bidder - making it the most valuable dinosaur fossil sold at auction.

It also sold well above a pre-sale estimate of $20m to $30m (15m to 22.4m).