Crypto investors try to buy an original copy of the US Constitution

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But despite the huge amount of money raised, the group failed to buy the document. 9News

took the notion "We the people" from the US Constitution to the next level. They pooled money to try to buy a rare copy of the document — and they claimed to have raised $54 million to do so.Auction house Sotheby's sold an early copy of the Constitution on Thursday for $56 million. A group known as Constitution DAO said they wanted to buy it and had planned to partner with another entity to display it.

The group said those who contributed funds "will be able to get a refund of your pro rata amount through Juicebox." Investors who contributed to the Constitution DAO pool have largely been using Ethereum, the world's second most valuable cryptocurrency, to pay for their chunk of the offer. Before the auction, the Sotheby's web site listed an estimated sale price of $20 million to $27 million for the document, which is thought to be one of just thirteen copies remaining from an original printing of 500.Cryptocurrencies are becoming increasingly popular methods of payment in the art world.

 

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