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Crypto investors are raising millions
to buy a copy of the Constitution at a
Sotheby’s auction

Original Article

Posted By: AltaD, 11/17/2021 7:05:10 PM

Sotheby’s is auctioning off an extremely rare and historic first-edition printing of the U.S. Constitution, and crypto investors are pooling millions of dollars worth of ether to buy it. An organization known as ConstitutionDAO is raising the money using a digital crypto wallet with the aim of crowdsourcing enough funds to make the winning bid when the document hits the auction block on Thursday night. The foundational text is valued at $15 million to $20 million. Since launching five days ago, the group has thus far raised 967 ether, or $4.3 million. The exercise offers some of the first practical insight into how crypto infrastructure can be used to facilitate fractional ownership

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Reply 1 - Posted by: Knotwyrkin 11/17/2021 8:02:22 PM (No. 980969)
The absolute example of iliiquid investments.
1 person likes this.

Reply 2 - Posted by: bad-hair 11/17/2021 8:17:02 PM (No. 980981)
Woops Phony money looking to buy real stuff.. Your Bit Coins will disappear when the power goes off. The Smithsonian will still be there.
2 people like this.

Reply 3 - Posted by: DVC 11/17/2021 9:22:14 PM (No. 981016)
Why, so they can burn it?
4 people like this.

Reply 4 - Posted by: Lawsy0 11/17/2021 11:59:32 PM (No. 981091)
Or shred it.
2 people like this.

Reply 5 - Posted by: Rumblehog 11/18/2021 12:40:31 AM (No. 981102)
Sure to be a huge collectors item someday soon,
1 person likes this.

Reply 6 - Posted by: DVC 11/18/2021 2:22:30 AM (No. 981155)
Money laundering. Buy it with crypto gotten via criminal acts....then sell it for clean cash.
0 people like this.

Reply 7 - Posted by: Trigger2 11/18/2021 3:20:30 AM (No. 981177)
If they get it, what are they going to do with it? Burn it at the Capitol with BLM cheering?
0 people like this.

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