Home News Nelson Mandela arrest warrant auctioned as NFT for $130,000

Nelson Mandela arrest warrant auctioned as NFT for $130,000

Nelson Mandela NFTs
Nelson Mandela NFTs

A rare and valuable NFT of an arrest warrant for Nelson Mandela has been sold at auction, with proceeds going towards a museum that preserves the history of South Africa’s fight against apartheid.

On 5th August 1962, South Africa’s first democratically elected black president, Nelson Mandela was arrested. He spent the next 27 years of his life in jail.

Nelson Mandela arrest warrant auctioned as NFT

Last night’s Cape Town auction had a reserve price of 900,000 rand (RM260,208) but the one-of-a-kind NFT “sold for 1.9 million via a buyer online,” Ahren Posthumus, CEO of Momint said on Sunday

The buyer was from the UAE and purchased from one of our Dubai-based offices

“Proceeds for the Mandela NFT will go to Liliesleaf museum, to keep their doors open and stay afloat,” Posthumus told AFP.

Liliesleaf closed down in September 2021 due to financial hardships.

Selling physical art as tokens means the buyer gets a verified token that makes sure they have bought an original piece – just like with cryptocurrencies.

“This is really a novel approach to income generation,” Liliesleaf Farm museum founder Nicholas Wolpe told AFP.

The original document from 1961 is yellowed, with gnarled edges and punctured by staples. It’s handwritten in both English & Afrikaans.

The Nobel Prize medal belonging to late South African President Nelson Mandela, which was kept at the Liliesleaf Farm heritage site archives in Johannesburg since around 2006, is being returned to his family this week.

For a short time period in the 1960s, the site of this historic farm became headquarters to one of the most important and influential groups in South Africa’s fight against apartheid: The African National Congress.

Mandela hid there for some time, pretending to work as a farm laborer before leaving in search of funds abroad.

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