BSS
  27 Mar 2022, 18:56

NFT of Mandela's arrest warrant auctioned for $130,000

JOHANNESBURG, March 27, 2022 (BSS/AFP) - An NFT version of an arrest warrant 
for anti-apartheid icon Nelson Mandela has raised $130,550 at auction, with 
proceeds going towards a museum preserving the history of South Africa's 
anti-apartheid struggle.

South Africa's first democratic, black president was arrested on August 5, 
1962, and later jailed for 27 years.

The reserve price at the Saturday night auction in Cape Town was 900,000 rand 
($61,800), but the non-fungible tokens or NFT, "sold for 1.9 million 
($130,550) via a buyer online," Ahren Posthumus, CEO of the digital 
auctioneer Momint said on Sunday.

The buyer was a foreigner, based in the United Arab Emirates.

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

Liliesleaf shuttered its doors in September 2021 due to financial 
difficulties.

Selling art as non-fungible tokens, or NFTs, uses the same technology as 
crypto-currencies such as Bitcoin. The buyer receives a verified digital 
token, which proves the artwork is an original.

"This is really a unique and novel way of generating income," Liliesleaf Farm 
museum founder, Nicholas Wolpe told AFP. 

The original document, dated 1961, now yellowed, with gnarled edges and 
bearing staple holes on one side, is handwritten in both English and 
Afrikaans.

It has been kept at the Liliesleaf Farm heritage site archives in 
Johannesburg since around 2006, said Wolpe.

Between 1961 and 1963, the landmark farm in an upscale northern Johannesburg 
suburb served as the secret headquarters and nerve centre of the then banned 
African National Congress (ANC), which led the fight against white-minority 
rule.

Mandela hid there for some time under the guise of a farm worker, dressing in 
overalls, before leaving to raise funds abroad.