John Lennon’s eldest son Julian is selling some of the rarest pieces in music history from his private collection.
John Lennon’s coat from the film “Magical Mystery Tour”, his cape from “Help!”, three guitars and Paul McCartney’s handwritten notes on the arrangements of “Hey Jude” are among the most coveted memorabilia in music history to be auctioned off as non-fungible tokens (NFT’s).
The series of NFTs, called “Lennon Connection: The NFT Collection”, It opened for bids on Monday and will launch on February 7th in partnership with NFT marketplace YellowHeart and Julien’s Auctions. A portion of the proceeds from the NFT auction will be donated to Lennon’s White Feather Foundation.
Registration and bidding for Lennon Connection: The NFT Collection is now open. In cooperation with @juliensauctions x @YellowHeartNFT a portion of the proceeds will be donated to @TWFFofficial carbon balance over @Nori. Learn more at https://t.co/6l5nzO1CHJ pic.twitter.com/bvG7EHAX88
— Julian Lennon (@JulianLennon) January 24, 2022
Julian would keep the original physical items and the buyer would own the rights to the unique NFT. Each NFT in the collection would be offered as an audiovisual collectible, narrated by Julian Lennon himself.
It is said that the most valuable item, expected to receive the highest bid, is Paul McCartney’s handwritten note for Hey Jude. The NFT for the item has a starting price of $30,000.
Julien’s Auctions has previously sold other Beatles memorabilia that have fetched millions of dollars at auction. Some of the highlights include one of John Lennon’s acoustic guitars that fetched $2.4 million, Ringo Starr’s drum kit that sold for $2.2 million, and Ringo’s eye patch that he wore on The Ed Sullivan Show in 1964 for $2 $.1 million sold.
NFTs have become the latest trend in the crypto market and many believe they could disrupt the art industry. Big artists and celebrities have abandoned traditional auctions to bet on NFTs as they have become the new trend in the arts industry.