John Lennon and Beatles mementos will soon be auctioned as NFTs
Winners won’t get to own any of the physical items, though they will “share in that exclusivity of Lennon history as the sole owner of the NFT”.
Image: Allstar Picture Library Ltd. / Alamy Stock Photo
The NFT mania continues with the announcement of an upcoming NFT auction of Beatles and John Lennon memorabilia from John’s son Julian Lennon’s private collection.
The Beatles auction — titled Lennon Connection: The NFT Collection — will take place online on 7 February via Julien’s Auctions and NFT marketplace YellowHeart.
The sale will include John Lennon’s coat from the Magical Mystery Tour film, the famous black cape from Help!, three Gibson guitars, and Paul McCartney’s handwritten arrangement notes for Hey Jude.
Fans of the band should note though, that only the minted NFTs or non-fungible tokens of those collectables are up for bid. According to the announcement, each item is a 1 of 1 edition, and will be offered as an audio-slash-visual collectible along with a personal narration from Julian celebrating a memory tied to the item.
The physical items themselves will remain in Julian Lennon’s private vault.
Starting at $30,000, the Hey Jude NFT is expected to sell for an estimated $50,000 to $70,000, while clothing item NFTs are estimated at $8,000 to $20,000. As for the three Gibson guitar NFTs, bidding starts at $1,000 and, at press time, current bids are already up at $4,000. A portion of the sale proceeds will go to Lennon’s White Feather Foundation, which combats climate change.
“As an artist, I have great respect for all that my father accomplished in his career,” Julian Lennon said. “As a son, I hold dear the good memories I have of my time with him.”
“I feel incredibly lucky to live in a day and age where innovation allows me to share such personal pieces of my Lennon family history. Through this NFT collection, I’m able to grant exclusive access to special items that I cherish and carry on the legacy of my father in a new way.”
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