The United States Constitution was sold at auction for $43.2 million on Thursday night, confirmed by Sotheby. However, the weak-in-the-making community did not win who had raised millions of dollars for just this only.
Dorothy Goldman, the widow of a New York real estate developer, had purchased the copy of the Constitution sold by Sotheby’s in 1988 for $165,000. The Dorothy Tapper Goldman Foundation will benefit from the auction’s proceeds, according to the auction house.
Auction’s organizer Julian Weisser confirmed the loss amidst a wild online viewing party on social media and the ConstitutionDAO Discord. Some reports indicated during this that the crypto group had won actually.
Largest Crowdfund for a Physical Object
Minus the Cost of Transacting on the Ethereum Network
In the last week, the often hasty-appearing endeavor earned both fans and detractors. In the weeks leading up to the auction, the rate of donations picked up. Weisser said, “[W]e had 17,437 donors, with a median giving the size of $206.26. Wallets that were initialized for the first time accounted for a considerable percentage of these donations.”
The entire amount raised by the group was around $47 million. For the future plans, the group will start processing refunds – eliminating the cost of transacting on the Ethereum network — to participants.
“Through Juicebox, you will be able to receive a refund of your pro-rata amount (essentially minus gas fees). For more details from their end, he requested to wait till tomorrow – our team has not slept in the past week, and we are giving people the night to get some rest before we’re back at it tomorrow AM.”
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