Wednesday, 28 March 2018

Nelson Mandela’s Gold 'hands' sell for $10m Bitcoin

Late South Africa’s first black President Nelson Mandela's Solid Gold castings of his hands have been sold for $10m (£7m) in bitcoin. The castings of the late former South African president’s hand, palm and fist are believed to be the only ones left in the world.

According to a report by BBC Africa, Canadian crypto-currency exchange firm Arbitrade bought four casts from South African businessman Malcolm Duncan. The firm said it planned to launch a global “Golden Hands of Nelson Mandela” tour to educate young people about the anti-apartheid icon’s life.

This is the first time artefacts of late Mandela have been sold in bitcoin. Mandela died in 2013 at the age of 95. He had turned into a global brand, with businessmen and artists cashing in on his name.

Duncan, who now lives in Canada, bought the casts from mining group Harmony Gold in 2002 for about $31,000. Half of the money paid to Harmony Gold was meant to go to charity, but it remains unclear as to whether that happened.

Harmony said it had “supplied Duncan with the necessary paperwork verifying the provenance as requested by his attorneys,” but declined to comment on what happened to the donation, Bloomberg reports.

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