All of the other known Gorgosaurus skeletons are in museum collections, making this one the only specimen available for private ownership, Sotheby's said.
The special copy of Margaret Atwood's dystopian novel The Handmaid's Tale was auctioned by Sotheby's on Tuesday. Proceeds will help PEN America in its efforts to oppose book banning.
"Love is in the Bin" made history when it was created during a 2018 auction. The crowd back then was shocked when a shredder activated as soon as the sale was complete, partly shredding the piece.
Both companies announced they are canceling separate auctions featuring antique carvings made of the endangered species' horns. The sales would have taken place in Hong Kong this week.
With the sale Thursday night in New York City, the late Jean-Michel Basquiat's 1982 untitled painting is also said to be the sixth-most expensive work sold in world history.
The chairman of Hong Kong-based jewelry company Chow Tai Fook placed the winning bid over the phone to Sotheby's in Hong Kong. He renamed the jewel "CTF PINK STAR" in honor of his late father.
In a lawsuit filed Tuesday, the auction house argued that a painting titled St. Jerome was actually created in the 20th century, and not by the 16th century Italian artist known as Parmigianino.