The Fyre Festival model has bought for a shocking $245,300 after founder Billy McFarland turned to the web bidding web site eBay to solicit bids for the pageant’s IP, emblems and social media belongings.
McFarland nonetheless reportedly owes over $26 million in restitution, per Rolling Stone, after the failings of the unique Fyre Fest in 2017.
The unique Fyre Fest grew to become the stuff of pageant catastrophe legend. After being teased by social media influences and fashions, the booked bands began backing out within the days main as much as the occasion. Promised concert events by no means occurred, those that did journey to the occasion acquired insufficient lodging, subpar catering and witnessed an absence of infrastructure. And one of many lasting pictures of the pageant’s failure was that of a cheese sandwich that was shared by one attendee on social media.
McFarland later confronted “lawsuits and criminal charges” as a result of disastrous outcomes of the primary pageant that led to his finally serving jail time for fraud. He was finally granted an early release from prison.
READ MORE: DJ Reveals Why She Turned Down Fyre Fest 2 Offer
Then, earlier this yr, McFarland started teasing a second Fyre Pageant. However after two makes an attempt at staging a Fyre Fest event fell through, McFarland started to re-examine the way forward for Fyre Fest. After initially selling a portion of the Fyre Festival branding for a streaming service, McFarland introduced his intent in April to find a new buyer for the Fyre Fest brand.
A Fyre Sale
After a earlier try at promoting to a brand new purchaser fell by way of, McFarland lately introduced his intent to dump the remaining branding by way of eBay. The lately concluded bidding interval lasted per week with the ultimate winner of the Fyre Pageant branding outlasting 175 bids positioned by 42 bidders.
NBC News reported that in a reside streamed occasion surrounding the sale, McFarland was considered commenting, ““Rattling. This sucks, it’s so low,” when seeing the bidding hit the $240K mark.
At $245,300, the brand new purchaser, who’s presently unknown, has bought the branding, social media belongings, domains, a “intensive media protection archive” and entry to “the core workforce,” which was deemed non-obligatory. That might basically embrace entry to McFarland ought to the brand new proprietor need his involvement in any utilization.
15 Most Disastrous Music Festivals in Historical past
Listed here are a few of the most disastrous music festivals in historical past, a lot of which proved unacceptably arduous for attendees, however a handful of others that sadly turned tragic. You would possibly bear in mind many of those situations — others chances are you’ll not learn about but. Hold studying to search out out.
Gallery Credit score: Philip Trapp