The copy of the Constitution sold by Sotheby’s previously belonged to Dorothy Goldman, the widow of a New York real estate developer who bought it in 1988 for $165,000. ![]() ![]() Had it won the auction, ConstitutionDAO would have made the biggest purchase by a DAO, and the first of such a prominent physical artifact. ConstitutionDAO is what’s known as a decentralized autonomous organization, a new type of group that is governed by holders of a cryptocurrency token and enshrines its rules in blockchain-based “smart contracts.” The group was formed last week, and its last-minute effort to raise money for the auction became a cause célèbre among cryptocurrency fans online.Ĭrypto-collectives have bought high-priced art before, including a Wu-Tang Clan album, “Once Upon a Time in Shaolin,” which was bought by the anonymous investor collective PleasrDAO last month for $4 million.
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