A majority of the $308 billion collectibles industry is built on the art of constant flipping. A Pokémon card that sold for $5.2 million will go for over $16 million , depending on market conditions.

Essentially, trades are what keep this industry alive. However, there are a few pieces collectors buy simply for the sake of being statement pieces. Once the purchase is made, it remains in the buyer’s collection forever.

A dinosaur skeleton is one of those pieces.

Sotheby’s put up “Jodi,” a mounted Nanotyrannus skeleton scientifically named Nanotyrannus cf. lancensis. It is from the Late Cretaceous, approximately 67 million years ago.

The estimate Sotheby’s placed on the skeleton ranged from $6 million to $9 million. The final result saw the piece sell for an otherworldly $47.3 million.

Dinosaurs have become the next big thing for the ultrarich. @Sothebys auctioned off “Jodi” the Nanotyrannus this morning.

The high estimate was $9 million.

It sold for $47.25 million!…