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Farmed rhinos could soon 'rewild' the African savanna

With all the terrible news on climate change, it's easy to lose track of what's happening with particular species. So, in case you missed it, a new report has bad news for Earth's five surviving species of rhino.

T. rex skeleton sells for more than $5M at Zurich auction

Nearly 300 Tyrannosaurus rex bones that were dug up from three sites in the United States and assembled into a single skeleton sold Tuesday at an auction in Switzerland for 4.8 million francs ($5.3 million), below the expected ...

T. rex skeleton expected to fetch millions at Zurich auction

Interested investors may have to dig deep into their pockets to claim a giant Tyrannosaurus rex skeleton going up for auction on Tuesday—a first in Europe—that's been dug up from three sites in the United States and could ...

T-Rex skeleton to go under hammer in Switzerland

A Tyrannosaurus-Rex skeleton dating back 67-million years will be auctioned in Switzerland next month, marking the first such sale in Europe, the auction house said Saturday.

T-rex in Singapore as experts decry 'harmful' auctions

Dinosaur fans got a glimpse of a Tyrannosaurus rex skeleton as it went on display in Singapore Friday before an auction next month, as experts slammed the big-money bone trade as "harmful to science".

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An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.

There are several variations on the basic auction form, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder(s) and sale price(s). Participants in an auction may or may not know the identities or actions of other participants. Depending on the auction, bidders may participate in person or remotely through a variety of means, including telephone and the internet. The seller usually pays a commission to the auctioneer or auction company based on a percentage of the final sale price.

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