NFT of Nelson Mandela Arrest Warrant Sells for Over R1.9m on the Momint NFT Marketplace.
An NFT version of an arrest warrant for anti-apartheid icon and former President of South Africa, Nelson Mandela, has raised R1.9m ($130,550) at an auction on the Momint NFT Marketplace.
Proceeds from the sale will go towards the Liliesleaf Museum Heritage Site, which received the original document in 2004 as a donation, said Ahren Posthumus, CEO of Momint, the marketplace for NFTs that sold the arrest warrant item.
Late President Nelson Mandela’s Arrest Warrant
Liliesleaf farm, then on the outskirts of Johannesburg, was used as the secret headquarters of the ANC from 1961 and was where Mandela and other party leaders hid from authorities. Leading activists were arrested there during a raid by police in 1963.
The anti-apartheid activist who emerged from 27 years in prison to become SA’s first Black president, was arrested in 1962 for conspiring to overthrow the White-minority government.
Mandela was released from prison in 1990 and the first multiracial election was held four years later.
The buyer of the NFT will have exclusive access to the original document at Liliesleaf Museum, Posthumus said. “The ink is visible through the paper” of the high-definition scan, he said.
The reserve price at the March 26, 2022 night auction in Cape Town, South Africa, was $61,800, but the non-fungible tokens or NFT, ‘sold for $130,550 via a buyer online,’ said Posthumus. The buyer was a foreigner, based in the United Arab Emirates.
The relationship of the late president and non-fungible-token art seems to be one that is growing more frequency with every auction. This news follows the news of Mandela’s artworks and a handwritten motivation which were minted and sold as non-fungible tokens by the London-based auction house, Bonhams on 9 March, 2022.