The online group ConstitutionDAO failed in its attempt to acquire the last privately owned first edition of the US Constitution at a public auction at Sotheby’s on Thursday.
Instead, the “official version” of the United States Constitution “was won by an unspecified bidder for $ 41 million (or $ 43.2 million after auction fees), which means the DAO in its historic attempt to getting them into the hands of the people has failed ”. . ”
The news was posted in an announcement on the official Discord. “Although this was not the result we had hoped for, we made history tonight,” said the post.
This particular copy is only one of thirteen copies of the official copy of the Constitution of the Constitutional Convention. It was first purchased by Sotheby’s in 1988 from the late real estate developer S. Howard Goldman for $ 165,000. His widow, Dorothy Goldman, put it up for sale that year and decided that the proceeds would go to Dorothy Tapper Goldman Base.
Project participants only started a week ago to band together as a decentralized autonomous organization (DAO) to raise funds for the auction. In the hours leading up to the sale, ConstitutionDAO raised more than $ 49 million in Ethereum through Juicebox, a platform for community-owned Ethereum-based projects.
In return for donations, 17,437 supporters were issued a governance token called PERSON. These do not offer shard ownership, but rather give token holders the opportunity to vote on proposals on structure, governance and operational orientation.
Participants can now get their donation refunded via Juicebox.