Beyond this, there doesn't appear to be any explanation of how this works from a legal and tax perspective. There's no mention of a legal entity receiving the

Beyond this, there doesn't appear to be any explanation of how this works from a legal and tax perspective. There's no mention of a legal entity receiving the funds, but at the same time, they state these are donations, not fractional ownership, so presumably from a legal perspective this is actually just giving the funds to the core team, who appear to be mostly in the US, but not entirely? And, while I had always thought that the point of DAOs was that they were autonomous, this appears to be just giving the core contributors direct control over the money? Surely, for example, the actual bidding is not coded into the contract? So, considering this is now over $25m, wouldn't there be some tax involved if people pay you in this way? Maybe if you argue they are gifts (but are they?), and no individual donation is over $10k, but I suspect many are? And at over $25m, Sotheby's is obviously going to have some ownership identification requirements. So who will actually be the legal owner here, and how will they account for this revenue? Apparently, they're planning on setting up a (for-profit?) LLC? (https://davidgerard.co.uk/blockchain/2021/11/16/constitutiondao-a-20-million-stupid-ethereum-trick/ https://davidgerard.co.uk/blockchain/2021/11/16/constitution...)