The First Edition of the United States Constitution could be yours … for $ 20 million
A first edition of the American Constitution of 1787 is auctioned and could fetch $ 20 million.
The extremely rare edition of the “Bundle of Compromises” is offered to the highest bidder by Sotheby’s in mid-November.
“This is the official printing, the first printing of the final text of the Constitution of the United States made probably on the evening of September 16, 1787, solely for the use of delegates to the Continental Convention and for the use of the Congress of in the United States, ”Selby Kiffer, senior specialist in books and manuscripts at Sotheby’s, told Reuters.
He added: “It is the only one that is not in a permanent institutional collection.”
Sotheby’s expects the precious archived item to cost between $ 15 million and $ 20 million.
The sale of the document will take place on the occasion of the 234th anniversary of its signature by the delegates to the Constitutional Convention.
Goldman’s copy is slated to be shown at an unspecified event in New York City in November.
“There has been heated debate over whether or not it should be ratified,” Kiffer said.
“And these debates continue today.
“This is the founding document that will last, I think, well beyond the current political atmosphere.”
The piece was last sold in 1988 for a much smaller sum of $ 165,000 when it was acquired by the late New York real estate developer and collector of US archives S. Howard Goldman, according to Reuters.
FREEDOM FOR CHARITY
His wife, Dorothy Tapper Goldman, offers it for sale.
She pledged to donate all profits to the charitable foundation established in her name.
There are around 500 copies of the First Printing of the Constitution missing from John Hancocks.
For its part, the Library of Congress houses two surviving copies.
Sotheby’s tells Reuters that the first impression of the Constitution is even rarer than the first edition of the Declaration of Independence of 1776.
LETTER FROM GEORGE WASHINGTON
This groundbreaking document featured seven original articles uncovering the framework of the U.S. national government and its separation of powers, its relationship with the 13 colonies at the time, and methods on how to ratify and amend the Constitution before it was signed on the 17th. September 1778 during the Philadelphia Convention.
It was designed to replace the fledgling nation’s first charter, the Articles of Confederation.
Although the copy is unsigned, the six-page document contains a list of delegates to the Constitutional Convention attesting to its adoption in 1787 and a letter of submission from George Washington, who chaired the convention.
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