Sotheby’s Flogs First Printing Of US Constitution for $US43.2 Million

Fine Books Magazine reports

New York — Yesterday in a much-anticipated, live auction at Sotheby’s New York, an extremely rare copy of the First Printing of the Final Text of the United States Constitution sold for $43.2 million – more than double its $20 million high estimate and setting a world auction record for any book, manuscript, historical document, or printed text*.

Following an eight-minute bidding battle on the telephones, the hammer fell to Brooke Lampley, Sotheby’s Chairman & Worldwide Head of Sales for Global Fine Art.

Selby Kiffer, Sotheby’s Senior International Specialist for Books & Manuscripts, remarked: “Tonight’s sale of this exceptionally rare and important printing of the Constitution was a monumental and historic occasion. The Constitution needs little introduction as one of the most influential and significant historical documents ever conceived, and tonight’s result reflects how relevant it remains 234 years later–not only in America but for global democracy.”

Mrs. Dorothy Tapper Goldman, Collector, Educator, and Philanthropist, commented: “I have not been the owner of the United States Constitution but rather the custodian who has cared for this precious document. I have always felt an obligation and responsibility to facilitate access to the document through public and private exhibitions. New and established citizens, children and students of all ages have had many opportunities to see this touchstone of our republic. It is my fervent wish that the new custodian of this Constitution will guard it and continue to ensure public access to the visual, physical, and emotional experience of the document. While an individual person may continue to own this Constitution, it belongs to all Americans of all genders, all colors, and religious beliefs. The Constitution is the backbone of our democracy.”

The Constitution was directly underbid by ConstitionDAO, a group of 17,000+ people from around the world who banded together through social media within the last week to raise money to acquire the document, marking the largest crowdfunding initiative ever put together.

The extremely rare Constitution – now the longest continuing charter of government in the world – is one of just 13 known copies of the official printing produced for the delegates to Constitutional Convention and for the Continental Congress, and only two copies of the first printing of the Constitution that remains in private hands. This printing of the Constitution was last sold at auction in 1988, when it achieved $165,000 by Mrs. Goldman’s late husband, S. Howard Goldman.

On offer from the collection of Dorothy Tapper Goldman, full proceeds from the sale of the collection will benefit The Dorothy Tapper Goldman Foundation, whose mission is to further the understanding of the constitutional principles and how the acts of all citizens can impact our democracy. The foundation will achieve these goals through strategic grants to support relevant art projects, cultural and educational institutions, and worthy individuals.

The auction marked the first time that Sotheby’s presented a unique, single-lot sale as part of our November Marquee Auction series, alongside our biggest sales of the year for Contemporary and Modern Art.

An additional group of approximately 80 constitutional and related documents will be on offer in Making Our Nation: Constitutions and Related Documents. Sold to Benefit the Dorothy Tapper Goldman Foundation. Part 1: a dedicated, live auction on 23 November in New York. A final group of rare works is on offer in Making Our Nation: Constitutions and Related Documents. Sold to Benefit the Dorothy Tapper Goldman Foundation – Part 2: a no-reserve online sale, open for bidding now through 2 December.

The remarkable results add to the already historic week for Sotheby’s, where our marquee sales of Modern and Contemporary Art have surpassed $1.1 billion, with two more sales yet to come.