The art of selling Dino Dung - Wall Street Journal

Posted : Saturday 26 March 2011

I can't let me lose an Impressionist sale in Christie or a wine auction in Sotheby's. Another will be along shortly. But when I heard that you auction manure of dinosaur I Chait I was rushed by. And with questions, not less.Daniella Zalcman for The Wall Street Journal Jake Chait with the skull of a triceratops in the Chait Gallery I.


Do I assume that the first would be: who buys dino dung? What is the market? And what about provenance? Origin is all in the auction business. I am not talking about that it was the last person to own it before the transfer to your hands. I want to say what kind of creature it manufactured. I would expect that the offal of a tyrannosaurus rex would be more valuable than some dinosaurs three feet anonymous of the Pleistocene.


"No one knows where they are," admitted Jake Chait, director of natural history of the company as he opened the case to remove the sandy Brown specimen. "There is no way of knowing."I could see his point. The device seemed, well, not necessarily dinosaur dung and manure. Everything what you could tell me that it might also have been produced by a German Shepherd. But what happens with the DNA evidence? Not can you check all DNA these days? It carried no a hole at its core, extract one shows small and find molecules of Brontosaurus there?

Daniella Zalcman skull of the cat in The Wall Street Journal in tooth Sabre "It could be a long creature makes cannot have never found a complete example of," explained Josh Chait, brother Jake mayor and director of operations auction house. There is also a third brother, Joey. It arose in the elevator in the Fuller building, where the Angels: company is renting space for the sale on Thursday, with Joey. But that is the last that VI of him. I do not know what his role in the company.

The operation is owned by his father and mother, Izzy and Mary Ann, who specialize in Chinese ceramics. He helped to explain why, for example, there may be a skeleton of giant bat or a meteorite crater in the floor of sale together with say, a container of the dynasty porcelain Ming.The price was right, however. Of the dung. I cannot speak for the Chinese ceramics. The piece Josh removed the case to enable it to examine had an estimate of the auction of $ 400 to 600 and is described in the Chait handsome catalog as "Coprolite - a specimen complete well."


It was surprisingly strong, like a rock. And that is why it is so affordable? "It is more common than, say, a fossil," said Jake. "Many people who do not know what is".I could see why. But they were to bid guarantee made that he was from the Jurassic and not since November. (Who wouldn't want that such a novelty: I could put it on the carpet in a cocktail and when someone shouted to announce, "I know what you're thinking, but it is 65 million years".)


"We have paleontologists six or seven", said Jake. "We discuss everything.""We offer a full money back guarantee," said Josh.Do not want that nobody seems to dinosaur falling and Ming vases were the only thing on the menu. There was much more surprising objects. For example, the skull of triceratops mass is estimated at a price of US $125,000 to 175,000 dollars, and the tyrannosaurus rex estimated at $250,000 to 300,000 dollars.


"We have never had before," said Jake of the triceratops. "And this is the skull of tyrannosaurus rex largest we've had."The Chaits said that most of his specimens of private collectors. They were reluctant to name their customers but described the buyers typical dinosaur as well "might be more males" and said that count from 20 to 30 members of the Forbes 400 list among their clients.Part of the charm of a fossil giant, Josh explained, is unlike, say, a Matisse, "unless you know what is you could walk right by him, a dinosaur skull is a conversation immediately".


"And his art in its own way," said Jake..Josh noted that "it is definitely sculptural".Daniella Zalcman to Coprolite right, The Wall Street Journal (feces of fossilized dinosaur).The brothers said that the celebrities are particularly avid dinosaur collectors: copy and T Rex and stegosaurus consumes the type of Lady Gaga or George Clooney oxygen does when he or she walks into a room of these days. Although he refused to disclose their clients is good to know which actors Nicolas Cage and Leonardo DiCaprio got into a bidding war for the skull of a Tyrannosaurus from 67 million years, much as the sale on Thursday, in an auction in Los Angeles i Chait in 2007. Mr. Cage won, walking with the skull (although no doubt had the posted) for $276.000.


After having visited the lab of the American Museum of Natural history where specimens such as these are freed from the rock where all these millennia has been loitering, and having witnessed the time and effort needed, was a little suspicious that the examples of Chaits seemed so complete. For example, the T Rex was better than the average West-Sider teeth."60 Or 70 per cent are real," said Jake."We insist on the pieces that anatomically and scientifically correct," added Josh.


I was wondering if the Chaits has a hadrosaurid dinosaur, my favorite growing up, with the possible exception of the brontosaurus. It seemed a gentle giant. In fact, had one in the room of to the side, next to meteorites, with an estimate of relatively modest auction of $42,000 to $48,000. "We had a year passed - feet of 15 to 20 feet, his name was Cory," Jake said. "Unfortunately, he is has not sold." "The market was still in recession and many of our businesses are brokers of large investments."It was humiliating to think that these creatures proud that once ruled the Earth now are prey to the economy, like the rest of us. "Our business fluctuates with the Dow Jones," said Josh.

-ralph.gardner@wsj.com

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