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Published 14:28 8 Oct 2020 BST
Updated 14:32 8 Oct 2020 BST
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Stan is the only Tyrannosaurus rex not stored or owned by a museum. Before his sale, he was being held at the Black Hills Institute of Geological Research in South Dakota, USA.
Experts believe he was sold for such a high price due to his age and the fact his skeleton remains mostly intact.
Stan's fossilised remains were discovered by another Stan, palaeontologist Stan Sacrison, who dug the big guy up in South Dakota's Cretaceous Badlands in 1987. He has 188 bones and teeth that are still intact.
The dinosaur that is, not the palaeontologist.
His sale completely eclipses the previous most expensive Tyrannosaurus rex - a female dinosaur named Sue that sold for just over $8 million back in 1997.
This proves it's not just football transfer fees that have gone through the roof over the course of the last 20 years.
It is still unknown who exactly purchased Stan, but he is likely to have gone to a good home and not just become a rich person's plaything.
Before he was put up for auction, experts urged auction house Christie's to ensure bidders only came from "institutions committed to curating specimens for the public good and in perpetuity, or those bidding on behalf of such institutions."Why Google wants to release 32,000,000 infected mosquitoes into the wild
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