Investor Griffin buys rare copy of U.S. Constitution for $43.2 million at Sotheby’s auction -Breaking
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© Reuters. FILEPHOTO: The sale of a 1787 United States Constitution copy for $43.2million, an all-time world record, was set by Sotheby’s Manhattan Borough in New York City. It is the highest ever recorded auction price for a historical document.NEW YORK (Reuters] – Kenneth Griffin, a multi-billionaire investor, beat out an online crypto group to acquire a first-edition copy the U.S. Constitution at Sotheby’s for $43.2 million on Thursday. The auction house said Griffin was a spokesman on Friday.
Sotheby’s claimed that the eight-minute telephone bidding match saw the hammer fall and it set a world auction record of any book, manuscript or historical document.
Griffin founded the investment firm Citadel for $43B and is known as a leading art collector. The work will be loaned to the Crystal Bridges Museum of American Art located in Bentonville Arkansas.
Griffin stated that the U.S. Constitution was a sacred document which enshrines all Americans’ rights and those of all aspiring to become one. Griffin stated, “That’s why I plan to make sure that all Americans and visitors can view this copy of the Constitution in museums and other public places.”
Sotheby’s stated that the document was one of only 13 copies of an official printing made for the Constitutional Convention delegates and submitted to the Continental Congress. There are also two remaining copies of the original printing of Constitution. According to the auction house, this printing was sold last for $165,000 in 1988.
Griffin, who runs a hedge fund that invests in some of the largest companies worldwide and is widely respected for his views on economics and markets, defeated ConstitionDAO which had raised more than $46 million. On Twitter, the group stated that it lost.
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