Nelson Mandela arrest warrant auctioned as NFT for $130,000
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.
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 office
“Proceeds for the Mandela NFT will go to Liliesleaf museum, to keep their doors open and stay afloat,” Posthumus told AFP.
"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.
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.
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