Ken Griffin, head of Citadel, bid highest for a copy of the Constitution.

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In the battle for the Constitution, the traditionalist defeated the rebels.

Ken Griffin, chief executive of hedge fund Citadel, has won an auction to sell a rare authentic copy of the US Constitution, the owner of the Sotheby’s auction said Friday. He defeated a group of cryptocurrency fans known as DAO Constitutionwhose rate sparked a frenzy of memes, jokes and financial promises. But in the end, they were unable to surpass Mr. Griffin’s $ 43.2 million offer.

The winning bid more than doubled the $ 20 million originally intended to list the item. Sotheby’s said the sale set a record for a book, manuscript, historical document, or printed text.

“The US Constitution is a sacred document that enshrines the rights of every American and all those who aspire to become one,” Mr. Griffin said in a statement. “That is why I intend to ensure that this copy of our Constitution is available to all Americans and visitors to see and appreciate in our museums and other public places.”

The first museum to display this copy of the Constitution will be the Crystal Bridges Museum of American Art in Bentonville, Arkansas, which was founded by Walmart heiress Alice Walton.

“We are honored to exhibit one of the most important documents in our country’s history from the heart of America,” said Olivia Walton, Chair of the Museum.

Mr. Griffin, whose net worth is approximately $ 21 billion, according to Forbes, used to breaking records. He broke the real estate record in 2019. when he closed his purchase penthouse in Manhattan at 220 Central Park South for $ 238 million.

He has also been open about his concerns about cryptocurrency. “I’m worried that some of this passion has been misplaced when it comes to cryptocurrencies,” he told New York Times journalist Andrew Ross Sorkin. at the DealBook conference earlier this month.

Kevin Roose made reporting.

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