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In the battle for the constitution, the traditionalists defeated the rebels.
The auction host, Sotheby’s, said Friday that Ken Griffin, CEO of the Citadel hedge fund, has won the auction for a rare original copy of the US Constitution. defeated a group of cryptocurrency fans known as ConstitutionDAO, whose proposal Memes, jokes, and financial commitments started the craze. But in the end they failed to pass Mr. Griffin’s bid of $43.2 million.
The winning bid was more than double the $20 million the item was originally estimated to go to. Sotheby’s said the sale broke the record for a book, manuscript, historical document or printed text.
“The U.S. Constitution is a sacred document that protects the rights of every American and anyone who wants to be,” Mr. Griffin said in a statement. “That is why I intend to make this copy of our Constitution available to all Americans and visitors to view and appreciate in our museums and other public spaces.”
The first museum to display this copy of the Constitution is Ark, founded by Walmart heiress Alice Walton. It will become the Crystal Bridges Museum of American Art in Bentonville.
“We are honored to showcase one of the most important documents in our nation’s history at our location in the heart of America,” the museum’s chairman of the board, Olivia Walton, said in a statement.
Griffin, who has a net worth of approximately $21 billion, according to forbesused to breaking records. Broke real estate records in 2019 when you close your purchase A Manhattan penthouse at 220 Central Park South $238 million.
He also made statements about his concerns about cryptocurrency. “I worry that some of that passion has been misplaced when it comes to cryptocurrencies,” New York Times journalist Andrew Ross told Sorkin. At the DealBook conference earlier this month.
Kevin Roose contributing reporting.
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