JUNEAU (AP) — A gemstone, billed as one of the largest gem-quality opals in existence, was sold for $143,750 at auction in Alaska on Sunday.

The opal, dubbed the “Americus Australis,” weighs more than five pounds, according to the Anchorage auction house Alaska Premier Auctions & Appraisals. It also has a long history.

Most recently, it was kept in a linen closet in a home in Big Lake, north of Anchorage, by Fred von Brandt, who mines for gold in Alaska and whose family has deep roots in the gem and rock business.

The opal is larger than a brick and is broken into two pieces, which von Brandt...