Recently very positive results at Fossil Auctions has strengthened confidence for fossil Mammoth tusks and bucked the trend of undulating markets in slow periods. The Fossil Store has seen good results for fossils in general at auctions, Mammoth tusks have enjoyed excellent returns in recent years. The last decade has seen at Summers Place Auctioneers continued interest in buying Mammoth tusks. Particularly from the Far East, which has led to single Mammoth tusks securing figures in the order of tens of thousands of pounds.
In 2005 The Fossil Store secured a massive single tusk weighing 60 kilograms, a fully mature adult Mammoth tusk of enormous proportions, 11 feet (3.35 metres) long. Set on our definitive custom bronze base and offered at Summer Place Auctioneers, the premier Statuary, Art and Natural History auctioneers, part of the Sotheby's International group based in West Sussex, England. This created a world record price at the time for a single Mammoth tusk selling to a captain of industry from the Far East, to become a decoration for a corporate office. The gross sale price paid was £40,000 with commission fee's. Since then whole Mammoth skeletons have been sold at auction. The amazing natural history and sculptural elements are sort by private collectors and investment companies, they reside in homes offices and museums and create a unusual and distinctive exhibit.
Over the last decade ancient fossils have found a strong following from interior decorators, while The Fossil Store has supplied fossils to furnish luxury yachts and hotels at home and abroad. The trade in Mammoth fossils has been equally attractive to buyers and created a highly competitively sort natural fossil art investment niche within the interior decorator trade.
At this juncture it may be prudent to explain the legality of the trade in Mammoth fossils. The ruling on Siberian Mammoth ivory by CITES (the Convention on International Trade in Endangered Species of Wild Fauna and Flora), the international accord between different governments which ensures international trade in specimens of wild animals and plants does not threaten their survival, has agreed as Mammoths are extinct (Mammuthus primigenius) is around 10,000 to 50,000 years old and discovered in the frozen permafrost tundra above the Arctic Circle in remote areas of the Siberian wastes, it is quite legal, there are no restrictions on trading in the natural resource from this mega fauna deposition. At the time of print, New Jersey, New York and California in the U.S.A. have banned the sale of Mammoth material, while the rest of the world continues to freely transport, buy and sell Mammoth fossils.