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Hedge fund billionaire Ken Griffin bought a rare copy of the US Constitution—for $43 million—overtaking a group of cryptocurrency investors in a record-setting auction on Thursday, Sotheby’s announced in a press release.

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According to Sotheby’s, the “extremely rare” first-edition copy of the Constitution sold for more than double its high estimate of $20 million, setting a world auction record for any printed document.

Ken Griffin, who founded and runs Chicago-based hedge fund Citadel, came out on top of an eight-minute-long bidding war on Thursday with his winning bid of $43.2 million.

the hedge fund was a billionaire low bid by ConstitutionDAO, a group of over 17,000 crypto investors who raised $40 million in an effort to purchase the document.

The copy in question was one of the last earlier editions that is still in private ownership and is one of only 13 surviving copies of the official version of the Constitution, printed in 1787.

Griffin said he intends to loan the copy of the Constitution to the free-access Crystal Bridges Museum of American Art in Bentonville, Arkansas, which is owned by Walmart’s billionaire heiress Alice Walton.

Olivia Walton, head of the Crystal Bridges Board, said: “We are honored to be displaying one of the most important documents in our nation’s history from our location in America’s Heartland.”


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