In the battle for the Constitution, the traditionalist beat out the insurgents.

Ken Griffin, the chief govt of the hedge fund Citadel, was the winner of an public sale for a uncommon authentic copy of the U.S. Constitution, Sotheby’s, the host of the public sale, mentioned Friday. He beat a bunch of cryptocurrency followers often called ConstitutionDAO, whose bid set off a frenzy of memes, jokes and monetary pledges. But in the end they couldn’t prime Mr. Griffin’s $43.2 million supply.

The successful bid was greater than double the $20 million the merchandise was initially estimated to go for. Sotheby’s mentioned the sale set a file for a e-book, manuscript, historic doc or printed textual content.

“The U.S. Constitution is a sacred document that enshrines the rights of every American and all those who aspire to be,” Mr. Griffin mentioned in a press release. “That is why I intend to ensure that this copy of our Constitution will be available for all Americans and visitors to view and appreciate in our museums and other public spaces.”

The first museum to show this copy of the Constitution will probably be Crystal Bridges Museum of American Art in Bentonville, Ark., which was based by the Walmart heiress Alice Walton.

“We are honored to exhibit one of the most important documents in our nation’s history from our location in the heartland of America,” the chair of the museum’s board, Olivia Walton, mentioned in a press release.

Mr. Griffin, who has a web value of about $21 billion, based on Forbes, is accustomed to breaking information. He broke an actual property file in 2019 when he closed on his buy of a Manhattan penthouse at 220 Central Park South for $238 million.

He additionally has been forthcoming about his considerations concerning cryptocurrency. “I worry that some of this passion has been misplaced when it comes to cryptocurrencies,” he instructed the New York Times journalist Andrew Ross Sorkin on the DealBook convention earlier this month.

Kevin Roose contributed reporting.


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