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

An NFT of an arrest warrant for South Africa's first democratic, black president Nelson Mandela has raised $130,550 at auction.

Mandela was arrested on August 5, 1962, and jailed for 27 years.

While the reserve price at the Cape Town auction on Saturday was 900,000 rand ($61,800), the NFT was sold online for 1.9 million ($130,550) to a United Arab Emirates-based buyer, according to Ahren Posthumus, CEO of the digital auctioneer Momint.

The proceeds will go to the Liliesleaf museum, which is preserving South Africa's anti-apartheid history.

Liliesleaf closed in September 2021 due to financial difficulties.

Liliesleaf Farm museum founder, Nicholas Wolpe lauded the effort as a unique and novel way of generating income

The original document, which has gnarled edges and staple holes, is handwritten in both English and Afrikaans.

The arrest warrant has been kept at the Liliesleaf Farm heritage site archives in Johannesburg since around 2006.

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

It was also where Mandela hid under the guise of a farmworker before leaving to raise funds abroad.

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