Crypto Group Is Outbid in Auction of Rare Edition of the Constitution

The art market wasn’t ready for revolution. A rare, first-edition copy of the U.S. Constitution sold for $43.2 million at Sotheby’s Thursday, but it appears the winner is a private collector rather than an online group of cryptocurrency investors.

The group, called ConstitutionDAO, caused a stir in art and crypto circles this week by pooling more than $40 million to bid, but an anonymous phone bidder pledged even more and will take home one of the 13 surviving official copies of the Constitution.