Crypto bidders miss out as U.S. constitution copy sells for $43 million
Information about Crypto bidders miss out as U.S. constitution copy sells for $43 million
Kevin David Scam or Legit
LONDON (Reuters) -A crowd-funded bid by cryptocurrency enthusiasts to buy a rare copy of the U.S. constitution fell short on Thursday, after the document sold to another buyer for $43.2 million, a record price for a printed text, according to auction house Sotheby’s.
The identity of the winning bidder was not immediately clear, nor was it clear why the cryptocurrency group, called “ConstitutionDAO” was outbid at that price, as their crowd-funding page https://juicebox.money/#/p/constitutiondao had amassed more than $47 million.
“Community: We did not win the bid,” ConstitutionDAO said on Twitter, promising its 17,437 contributors a refund minus transaction fees. Sotheby’s said it was the largest crowd-funding initiative ever.
The extremely rare official first-edition printed copy of the U.S. Constitution, which was adopted by America’s founding fathers in Philadelphia in 1787, had been estimated by Sotheby’s to be worth $15 million to $20 million.