Fyre Fest Brand Sells On eBay For $245,300
Billy McFarland has sold the intellectual property, trademarks, and assets for Fyre Fest on eBay for $245,300. This auction follows a failed seven-figure deal earlier this month.
The winning bidder will gain control of the Fyre Fest brand name, trademarks, social media accounts, marketing materials, domain names, documentary footage, and email and SMS lists.
As for McFarland, he’s unlikely to pocket any of that money for himself, as he still owes more than $20 million in restitution to the original Fyre Festival investors, as well as millions in back taxes.