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    Constitution auction: Print of charter document sells for $43.2 million, a record price for a document or book sold at auction – Fresno, California

    Fresno, California 2021-11-20 09:55:59 –

    New York-The rare first printed matter of the US Constitution sold at Sotheby’s in New York for $ 43.2 million. This is the record price for a document or book sold at auction.

    Buyer hedge fund manager Kenneth Griffin will lend documents to the Crystal Bridges Museum of American Art in Bentonville, Arkansas for public exhibition, Sotheby’s announced on Friday.

    Griffin, founder and CEO of the multinational hedge fund Citadel, outperforms the group of 17,000 crypto enthusiasts around the world who bought it on crowdfunding last week.

    “The US Constitution is a sacred document that enshrines the rights of all Americans and those who aim for it,” Griffin said in a statement. “That’s why this copy of our Constitution will allow all Americans and visitors to see and appreciate it in our museums and other public places.”

    Olivia Walton, Chairman of the Board of Directors of Crystal Bridges, said, “We are honored to be able to exhibit one of the most important documents in the history of our country from our location in the heart of the United States. “.

    The museum opened in 2011 and was founded by Alice Walton, the daughter of Wal-Mart founder Sam Walton.

    The document Griffin bought at the Thursday night auction was one of the 13 known copies of the Constitution’s first printed matter, and only one in the hands of the individual.

    This constitutional print was last sold in 1988 when real estate developer and collector S. Howard Goldman bought it at auction for $ 165,000.

    The proceeds from the sale on Thursday will benefit the Foundation founded by Goldman’s widow Dorothy Tapper Goldman to better understand the principles of the Constitution.

    “The sale of this very rare and important print of the Constitution tonight was a monumental and historic opportunity,” Selby Kiffer, a senior international expert on Sotheby’s books and manuscripts, said in a statement. Said.

    Mr. Kiffer said the results of the auction reflect how relevant the Constitution is “not only for America, but for democracy in the world.”

    Bidder announced at Constitution DAO on November 12 that it plans to raise millions of dollars to buy the Constitution on Twitter. DAO is an abbreviation for Decentralized Autonomous Organization, which is a kind of community management business operated on the blockchain.

    “We showed the world what crypto and web3 are, and involved thousands of people in the process,” Constitution DAO said Thursday night.

    The group added, “We were the first person DAO Sotheby’s to collaborate with, but we are confident that we will never be the last.”

    Earlier auction records for books and manuscripts were set in 1994 when Bill Gates purchased Codec Threster for $ 30.8 million by Leonardo da Vinci at Christie’s.

    Copyright © 2021 AP communication. all rights reserved.

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    Constitution auction: Print of charter document sells for $43.2 million, a record price for a document or book sold at auction Source link Constitution auction: Print of charter document sells for $43.2 million, a record price for a document or book sold at auction

    The post Constitution auction: Print of charter document sells for $43.2 million, a record price for a document or book sold at auction – Fresno, California appeared first on Eminetra.

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