Thursday, October 24, 2024
27 C
Brunei Town

Latest

Rare copy of US Constitution sells for USD9 million at auction

ASHEVILLE (AP) – A rare copy of the United States (US) Constitution printed 237 years ago and sent to the states to be ratified was sold for USD9 million at an auction on Thursday evening in North Carolina.

Brunk Auctions sold the document, the only copy of its type thought to be privately owned, at a private auction. The name of the buyer was not immediately released.

Bidding took just over seven minutes, with bids coming in at USD50,000 intervals mostly over the phone. There was a pause at USD8.5 million, then another after someone on the phone bid USD9 million.

“Just another second or two. Savour it a little bit selling here at nine million,” said auctioneer and document owner Andrew Brunk.

Brunk was thankful. The auction was originally set for September 28 but was delayed after Hurricane Helene caused catastrophic damage throughout Asheville and western North Carolina.

A 1787 copy of the US Constitution in North Carolina, United States (US). PHOTO: AP

“It’s a privilege to have it here. It’s been quite a ride,” Brunk said.

The copy was printed after the Constitutional Convention finished drafting the proposed framework of the nation’s government in 1787 and sent it to the Congress of the ineffective first American government under the Articles of Confederation, requesting it be sent to the states to be ratified by the people.

It’s one of about 100 copies printed by the secretary of that Congress, Charles Thomson. Just eight are known to still exist and the other seven are publicly owned.

Thomson likely signed two copies for each of the original 13 states, essentially certifying them.

What happened to the document up for auction on Thursday between Thomson’s signature and 2022 is not known.

Two years ago, a property was being cleared out in Edenton in eastern North Carolina that was once owned by Samuel Johnston. He was the governor of North Carolina from 1787 to 1789 and oversaw the state convention during his last year in office that ratified the Constitution.

The copy was found inside a squat, two-drawer metal filing cabinet with a can of stain on top, in a long-neglected room piled high with old chairs and a dusty book case, before the old Johnston house was preserved. The document was a broad sheet that could be folded one time like a book.

Along with the Constitution on the broad sheet printed front and back is a letter from George Washington asking for ratification. He acknowledged there would have to be compromise and that certain rights the states enjoyed would have to be given up for the nation’s long-term health.

The Constitution copy wasn’t the only seven-figure purchase on Thursday. A watermarked 1776 first draft of the Articles of Confederation went for USD1 million. Also sold for USD85,000 was a 1788 Journal of the Convention of North Carolina at Hillsborough where representatives spent two weeks debating whether ratifying the Constitution would put too much power with the federal government instead of the states.

Auction officials were not sure what the Constitution document would go for because there is so little to compare it to. The last time a copy of the Constitution that was sent to the states sold, it was for USD400 in 1891.

spot_img

Related News

spot_img