Prince shows off his BET Award (presented to him by Chaka Khan)

*Sunday at the BET Awards in Los Angeles veteran funk-rocker Prince got his props and was given a lifetime achievement award.

Prince watched in the audience as Stevie Wonder paid tribute in a video, and onstage Janelle Monae gave an energetic rendition of his “Let’s Go Crazy” while disco diva Patti Labelle pumped out a rousing “Purple Rain.”

Wearing white trousers and turtleneck, Prince took the stage, thanked the crowd and said, “I do believe the future is in good hands, I’ve seen so much talent here tonight.

“I was pretty wild in my younger days and you don’t have to do what I do,” he said, with a smile. “You don’t have to make any of the mistakes that I made. The future is in your hands.”

Watch Prince’s acceptance speech: