On August 12, 1990, Sue Hendrickson, a fossil hunter with the Black Hills Institute of Geological Research, set out across the scorching plains of western South Dakota to explore an outcropping of rock while her team worked on fixing a flat tire. After hours of hiking in foggy conditions with her golden retriever, Hendrickson reached a 60-foot-high bluff and scanned the ground with no luck. Then, she glanced up—8 feet above, three massive bones jutted from the rock face.
She eventually showed the bones to Peter L. Larsen, the president of the Black Hills Institute, a fossil dealer in Hill City, South Dakota. The six-member team then began the painstaking process of extracting all the bones from the site. Only when they finished 17 days later did they realize the significance of their discovery: They had just uncovered the most complete Tyrannosaurus rex skeleton to date.
Their excitement, however, would be checked when, two years later, a dozen F.B.I. agents assisted by members of the National Guard led a surprise raid on the institute and seized the T. rex fossil. Larsen had paid Maurice Williams, a member of the Cheyenne River Sioux tribe on whose land the fossil was found, $5,000 for the right to excavate and remove the bones. But because the land was “in trust” to the Federal Government, it was off limits to fossil collections except by special permit—which Larsen lacked.
After years of legal disputes, the dinosaur fossil, which became known as “Sue” (after Hendrickson), was auctioned at Sotheby’s in New York City on October 4, 1997. In only nine minutes, it fetched a record-breaking $8.36 million, the highest price ever paid for a fossil at the time. The winning bid came from the Field Museum in Chicago, backed by contributions from McDonald’s Corporation, Walt Disney World Resort and private donors.