Golden Casts of Nelson Mandela’s Hands Fetch $10 Mln Price Tag in Bitcoin

An odd art item, gold casts of Nelson Mandela’s hands, have been sold for $10 mln in BTC.

Tue, 03/27/2018 - 08:25

Golden Casts of Nelson Mandela’s Hands Fetch $10 Mln Price Tag in Bitcoin

Cover image via U.Today

A Canadian Businessman, after 10 years of searching, has found a buyer for his prized piece of art. Gold castings of the late president of South Africa, Nelson Mandela, have fetched a hefty price tag of $10 mln. The interesting point? The price was paid in Bitcoin.

The buyer of the art piece is Arbitrade, an Ontario-based cryptocurrency company. Not much is known about the company, but, it states that it will back all its virtual coins with some percentage of physical metal including gold.

Malcolm Duncan, formerly of South Africa, tried to sell the hands back in 2007 but he was scuppered by controversy over provenance and a possible missing charitable donation.

About the author

Darryn Pollock

Darryn Pollock is an award winning journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach. He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.