Mystery hunters have converged on a Scottish lake to look for signs of the mythical Loch Ness Monster.

The Loch Ness Centre in Scotland is calling for “budding monster hunters” and volunteers to join in what it dubs the largest search for the Loch Ness Monster since the 1970s.

The fossilized skeletons of an aerial predator with a 20-foot wingspan and an aquatic reptile with a snake-like neck will be auctioned in New York this month.

Stories of the Loch Ness Monster have been around for more than a thousand years, but it was on May 2, 1933, that the legend spread into the modern world.

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Apparently, the existence of the Loch Ness monster may still be just an old wives' tale. Scientists from University of Otago in New Zealand conducted a comprehensive study into whether the Loch Ness monster is real and found that it probably isn't. "Is there a plesiosaur in Loch Ness? The team did find a lot of eel samples, however, so hes not ruling a giant eel out. So there may well be a monster in Loch Ness, we don't know.

The most famous photo of the Loch Ness monster has long been discredited as a hoax, but scientists have come up with a new explanation for other sightings of the elusive beast -- it could be just a giant eel. (CNN) - The most famous photo of the Loch Ness monster has long been discredited as a hoax, but scientists have come up with a new explanation for other sightings of the elusive beast -- it could be just a giant eel. "There are large amounts of eel DNA in Loch Ness," Neil Gemmell, a geneticist from New Zealand's University of Otago said on Thursday. Gemmell said that while the study's primary focus was the lake's biodiversity, a Loch Ness monster sighting would've been a bonus. "There may be giant catfish in Loch Ness but we didn't detect any of them," he said.