Tag: buyer

Buyer drops nearly $72m on one of world’s most complete T-rex skeletons | Someone just paid $71.7…

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Buyer drops nearly $72m on one of world's most complete T-rex skeletons

A T-rex skeleton has been sold for millions at an auction in New York. (Supplied: Sotheby's)

A Tyrannosaurus rex skeleton nicknamed "Gus" has become the most expensive fossil to be sold at auction.

The skeleton measures 11.6 metres long and is made up of 183 fossilised bones, making it one of the largest and most complete tyrannosaurs discovered.

Palaeontologists have raised concerns over the surging market for dinosaur bones putting valuable specimens into private hands.

A Tyrannosaurus rex skeleton nicknamed "Gus" has become the most valuable dinosaur fossil bought at auction.

The fossil, discovered on a South Dakota cattle ranch in 2021, sold for $US50.1 million ($71.8m) after a 10-minute battle between seven bidders at Sotheby's, New York.

Tyrannosaurus Rex most expensive dinosaur ever sold

A 67 million-year-old Tyrannosaurus rex has been sold for £37.4m ($50.1m) at a Sotheby's auction in New York – the most ever paid for a dinosaur.

The fossil of this infamous predator stands more than 12 feet (4m) tall, and with over 60% of its bones recovered is one of "the most complete" specimens ever found, according to Sotheby's.

The winning bidder at the sale on Tuesday has not yet been disclosed.

Gus, as the T. rex has been affectionately named, was discovered in 2021 on a remote ranch in the US State of South Dakota.

"This result has been years in the making," said Cassandra Hatton, Sotheby's worldwide head of science and natural history.

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July 15, 2026
Buyer’s agency clients urged to proceed days before collapse | Dashdot owed $16.5 million at time…

Explore the latest developments concerning Buyer's agency clients.

Buyer's agency clients urged to proceed days before collapse

David Meehan says he paid Dashdot $23,100 in April, and did not receive the property investment services he was promised. (ABC News: Daniel Irvine)

Buyer's agency Dashdot, which collapsed in May, has estimated liabilities of $16.6 million but just $71,000 in estimated realisable assets, according to an initial liquidators' notice obtained by ABC News.

The liabilities include $10.6 million in prepaid services or refunds it owes almost 700 customers.

Liquidators are investigating Dashdot's affairs and are expected to release a report to creditors within three months.

Customers were still being encouraged to proceed with Dashdot's property investment services just days before the buyer's agency entered voluntary liquidation, according to emails and messages obtained by ABC News.

Dashdot owed $16.5 million at time of collapse

Property buyers agency Dashdot owed more than $16.5 million at the time of its collapse, with the Australian Taxation Office, Meta, startup lender Mighty Partners, and 695 customers among its creditors.

A preliminary report prepared by Dashdot liquidator Rebecca Gill, of corporate advisory firm Teneo, shines a light on the finances of a startup that abruptly closed its doors late last month.

The report arrives two weeks after co-founder Glenn ‘Goose’ McGrath blamed tough economic conditions, tax reforms designed to make property investment less enticing, and social media marketing costs for the company’s collapse.

Dashdot Pty Ltd — the only corporate entity under the Dashdot banner under voluntary liquidation — owed the tax office nearly $916,000, the report shows.

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Deep dive: Inside the unravelling of buyer’s agency Dashdot

One day after the Albanese government handed down sweeping curbs to long existing housing tax concessions, Dashdot founder Glenn ‘Goose’ McGrath moved to reassure his property investor clients. “The plan still works. The maths still works. And we’re still here,” he wrote in a letter dated Wednesday 13 May.

Just two weeks later, the buyers agency — one of Australia’s largest — collapsed into voluntary liquidation. It has left hundreds of customers, who paid tens of thousands of dollars in upfront fees, out of pocket to the tune of millions and searching for answers.

A creditors’ report filed with ASIC last Friday and viewed by Capital Brief shows Dashdot collapsed owing $16.57 million. Stranded customers are cumulatively owed $10.6 million for prepaid services and refunds, venture debt provider Mighty Partners is listed as being owed $1.5 million, while staff are due $1.1 million in employee entitlements.

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June 15, 2026
Buyer’s agency clients urged to proceed days before collapse | Eye-watering amount owed to Dashdo…

Explore the latest developments concerning Buyer's agency clients.

Buyer's agency clients urged to proceed days before collapse

David Meehan says he paid Dashdot $23,100 in April, and did not receive the property investment services he was promised. (ABC News: Daniel Irvine)

Buyer's agency Dashdot, which collapsed in May, has estimated liabilities of $16.6 million but just $71,000 in estimated realisable assets, according to an initial liquidators' notice obtained by ABC News.

The liabilities include $10.6 million in prepaid services or refunds it owes almost 700 customers.

Liquidators are investigating Dashdot's affairs and are expected to release a report to creditors within three months.

Customers were still being encouraged to proceed with Dashdot's property investment services just days before the buyer's agency entered voluntary liquidation, according to emails and messages obtained by ABC News.

Eye-watering amount owed to Dashdot clients revealed after buyer’s agency collapse

The scale of Dashdot Pty Ltd’s (Dashdot) collapse has been laid bare, with liquidators revealing hundreds of customers are collectively owed more than $10.5 million after the high-profile buyer’s agency entered liquidation.

The company entered voluntary liquidation in late May 2026, as reported by REB, with more details now emerging regarding the dire state of the company’s financial affairs.

The business was founded by Glenn “Goose” McGrath and Gabi Billing in 2019.

An initial report to creditors from Teneo Financial Advisory Australia, seen today by REB, shows 695 customers are listed as creditors for “prepaid services & refunds”, with claims totalling $10,594,079.

Prepayments and refunds to clients amount to a whopping 64 per cent of the total $16,572,792.80 owed to creditors, the liquidators’ report outlines.

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Deep dive: Inside the unravelling of buyer’s agency Dashdot

One day after the Albanese government handed down sweeping curbs to long existing housing tax concessions, Dashdot founder Glenn ‘Goose’ McGrath moved to reassure his property investor clients. “The plan still works. The maths still works. And we’re still here,” he wrote in a letter dated Wednesday 13 May.

Just two weeks later, the buyers agency — one of Australia’s largest — collapsed into voluntary liquidation. It has left hundreds of customers, who paid tens of thousands of dollars in upfront fees, out of pocket to the tune of millions and searching for answers.

A creditors’ report filed with ASIC last Friday and viewed by Capital Brief shows Dashdot collapsed owing $16.57 million. Stranded customers are cumulatively owed $10.6 million for prepaid services and refunds, venture debt provider Mighty Partners is listed as being owed $1.5 million, while staff are due $1.1 million in employee entitlements.

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June 15, 2026
Buyer’s agency Dashdot collapse leaves hundreds of clients out of pocket | Property firm blames L…

Explore the latest developments concerning Buyer's agency Dashdot.

Buyer's agency Dashdot collapse leaves hundreds of clients out of pocket

Matthew says he had been "blindsided" by the news Dashdot had entered voluntary liquidation. (Supplied)

Collapsed buyer’s agency Dashdot had at least 700 clients who could be considered unsecured creditors.

Many customers, who paid large up-front fees shortly before the company collapsed, are concerned they will not recover any money.

Teneo has been appointed as the liquidator and an initial notice to creditors is expected next week.

When Matthew paid Dashdot $23,100 up-front, he believed he was taking a step towards securing his children's financial future.

Matthew and his wife, who asked for their surname to be withheld for privacy reasons, had been saving for years to buy an investment property that could eventually be passed on to their children when they became adults.

Property firm blames Labor’s tax changes as it collapses

More than 40 workers are being made redundant as a property firm enters liquidation and partially blames Labor's property tax changes for its collapse.

An Australian property portfolio manager has blamed Labor’s negative gearing and capital gains tax changes as his business collapses.

Dashdot co-founder Goose McGrath said his business had entered liquidation, putting more than 40 workers out of a job.

His posted a statement blaming multiple factors for the company’s demise, but stressed the recent budget weighed heavily on Dashdot.

“The May 12 budget removed (the CGT discount and negative gearing on existing properties) for future investors,” Mr McGrath said.

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The grim reality facing Australia’s housing market

Dashdot was an Australian property investment advisory and buyers’ agency that helped clients purchase investment properties using a data‑driven, portfolio‑building model. It operated nationally and positioned itself as a “high‑tech, high‑touch” partner for long‑term property investors.

However, Dashdot collapsed and entered voluntary liquidation on 28 May 2026 after a combination of severe financial pressures:

Dashdot’s co-founder Goose McGrath penned an open letter detailing the grim reality facing Australia’s real estate industry and the consumer economy more generally.

McGrath notes that “coming into 2026, Australian households were already deep in a sustained cost-of-living crisis that had been building since 2022, and had not eased”.

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June 6, 2026