A rare copy of the U.S. Constitution sold for $43.2 million at Sotheby’s Thursday, and while the winner remains unknown, the internet collective called Constitution DAO, which mounted an upstart bid and publicly touted its interest, has confirmed it wasn’t the buyer.
The Constitution sold Thursday is one of 13 remaining from a printing made for the 1787 Constitutional Convention and one of only two privately owned copies. Constitution DAO had hoped to place it in a museum or another public home; it has said it would return the money it raised if it lost.
Constitution DAO crowdfunded its bid, attracting thousands of individual donors who contributed in Ether, a popular cryptocurrency. It set a goal of $20 million, the high end of what Sotheby’s had originally estimated the document could fetch. By Tuesday, it had raised $5 million. A day later, over $40 million. It’s not clear how much the group eventually raised or why it wasn’t able to surpass the winning bid.