According to Associated Press (AP), a rare first printing of the U.S. Constitution sold at Sotheby’s in New York for $43.2 million, a record price for a document or book sold at auction.
The buyer, hedge fund manager Kenneth Griffin, will loan the document to the Crystal Bridges Museum of American Art in Bentonville, Arkansas, for public exhibition, Sotheby’s announced Friday.
Griffin, the founder, and CEO of multinational hedge fund Citadel outbid a group of 17,000 cryptocurrency enthusiasts from around the world who crowdfunded to buy it over the last week.
“The U.S. Constitution is a sacred document that enshrines the rights of every American and all those who aspire to be,” Griffin said in a statement. “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 document that Griffin purchased at Thursday night’s auction was one of 13 known copies of the first printing of the Constitution and one of only two in private hands.
This printing of the Constitution was last sold in 1988 when real estate developer and collector S. Howard Goldman bought it at auction for $165,000.