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    Museum With Renowned Dinosaur Fossils Gets a $25 Million Gift

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    The Carnegie Museum of Natural History in Pittsburgh, home to the Tyrannosaurus rex holotype and a famous Diplodocus, will benefit from Carole and Daniel Kamin’s donation.Carole Kamin first walked through the doors of the Carnegie Museum of Natural History in 1975 after taking a job as a buyer for the Pittsburgh museum’s gift shop. Awe-struck by the fossils on display, she would style herself as a “dinosaur queen” for the next 20 years.She sourced dino-patterned fabric from India for barbecue aprons. She worked with a toy manufacturer to produce models of the museum’s ancient creatures. She persuaded a candy supplier to make caramel-filled “Sweet Beasts.”Now Kamin and her husband, Daniel, are donating $25 million toward renovating the museum, which was founded in 1895 and has one of North America’s largest museum collections of fossils. The gift comes at a time when dinosaurs are as firmly entrenched in the zeitgeist as ever, thanks in part to record-setting fossil auctions and blockbuster films.The Carnegie museum’s holdings include the species-defining fossils — known as holotypes — of the terrifying predator Tyrannosaurus rex and the giant herbivore Apatosaurus louisae.It also displays arguably the most famous dinosaur skeleton on Earth: the remains of Diplodocus carnegii, a long-necked dinosaur found in 1899 during an expedition funded by the steel baron and philanthropist Andrew Carnegie. Replica casts of the dinosaur, known as “Dippy,” reside in museums around the world.The Diplodocus carnegii skeleton at the Carnegie Museum of Natural History is known as “Dippy.” Replica casts of the dinosaur reside in museums around the world.via Carnegie Museum of Natural History; Photo by Joshua Franzos, Treehouse MediaWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      A New Frontier in Paleontology for Profit: Selling Shares in a Stegosaurus

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      As academics fear being priced out of the fossil market, a private company announced that it aims to raise $13.75 million by selling shares in a stegosaurus fossil.With dinosaur fossils fetching millions of dollars at recent auctions, it was perhaps inevitable: A private company said Friday that it had set the date for a public offering that will allow investors to buy shares in a stegosaurus fossil.It was the latest sign of the booming market for dinosaur fossils, which has raised concerns from academic paleontologists who fear their institutions are being priced out of the market by private collectors, jeopardizing their access to research specimens.Now a stegosaurus fossil that is still mostly buried in Wyoming is being transformed into an investment vehicle registered with the Securities and Exchange Commission.Rally, a company that sells shares in a wide variety of collectibles, said Friday that the stegosaurus would go public on Dec. 20, when 200,000 shares will be offered to investors at $68.75 each. The sale could raise up to $13.75 million, according to an S.E.C. filing. The company describes the sale as an initial public offering, but the shares will only be sold through its app or on its website, not on a stock market.Shareholders will hope for a payout on the dinosaur, nicknamed Steg, once it is sold privately or auctioned to the highest bidder in about a year, according to the company, which sells shares in alternative assets like designer cars, expensive artwork, baseball cards and a copy of the Declaration of Independence.“We took a risk,” said Rob Petrozzo, Rally’s co-founder and chief product officer. “We feel there is enough upside for investors to see a return.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      World’s Priciest Dinosaur Fossil Comes to Museum of Natural History

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      The billionaire Kenneth C. Griffin, who bought the stegosaurus fossil for $44.6 million, is loaning it to the American Museum of Natural History in New York for four years.The most expensive dinosaur fossil ever sold at auction, a stegosaurus that the billionaire Kenneth C. Griffin bought over the summer for $44.6 million, has a new home: the American Museum of Natural History in New York.The museum announced on Thursday that it would be the first institution to exhibit the sought-after stegosaurus, as part of a four-year loan from Griffin.“It’s one of the dinosaurs that every kid knows how to draw,” Sean M. Decatur, the museum’s president, said in an interview this week before the dinosaur was revealed. “This is a unique opportunity to have something that simultaneously, I think, really resonates in the public imagination about dinosaurs, but also from a research standpoint, is really a pretty special specimen to understand.”The mounted stegosaurus was revealed from behind a billowing beige curtain on Thursday morning to reporters, photographers, museum employees and a group of elementary school children. It is scheduled to go on view to the public on Sunday after it is fully prepared for exhibition.The Sotheby’s sale of the unusually complete specimen — which is nicknamed Apex — shattered records in the booming fossil market. And it established a new king of the dinosaur world, at least in the eyes of the auction market: The stegosaurus dethroned the Tyrannosaurus rex, the previous record-holder.But the auction also stoked fears among academic paleontologists that museums and universities were being priced out of their research field by well-heeled private collectors. After purchasing the stegosaurus, Griffin, the founder and chief executive of the hedge fund Citadel, said he intended to lend the specimen to an American institution so it would be available to scientists and the public.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More