Billy McFarland’s notorious Fyre Pageant model has been offered to a bidder on eBay for slightly below 1 / 4 of 1,000,000 {dollars} – discover out extra beneath.
Earlier this week, McFarland positioned the Fyre Pageant model up on the market on the auctioning platform after an alleged seven-figure deal just lately fell by way of. The public sale has now closed, with the profitable bidder paying US$245,300 for the model and its mental property (IP) – take a look at the itemizing right here.
Additionally included within the Fyre Pageant sale are the model’s logos, social media property and extra. Following the affirmation of the bid, disgraced founder and convicted fraudster Billy McFarland shared an announcement on social media: “I sit up for working with them to start with course of to finalise the sale. Fyre Pageant is only one chapter of my story, and I’m excited to maneuver onto my subsequent one.”
McFarland continued: “The public sale grew to become the most-watched non-charity itemizing on eBay throughout its run, proving as soon as once more that focus is foreign money, and views are the basis of consideration. That perception is on the core of what I’m constructing subsequent.”
The founder then shared that he’s engaged on a “tech platform designed to seize and energy the worth behind each view on-line,” and instructed followers that it’s “coming quickly”.
The unique Fyre Pageant was first developed by McFarland eight years in the past, and was deliberate to run over two weekends on a non-public seaside within the Bahamas. That version in 2017 was reportedly set to incorporate performances from Blink-182, Main Lazer, Disclosure, Migos, Pusha T, Tyga and extra.
It made headlines when it was revealed to be fraudulent, with punters arriving on the scene and going through insufficient situations and a scarcity of meals and water. The ordeal was then captured in the now-iconic Netflix documentary FYRE.
McFarland was sentenced to 6 years in jail in 2018 for defrauding buyers and was launched after simply 4 years in 2022. Fyre Fest 2 was initially set to run between Might 30 and June 2 on an island in Mexico, earlier than the tourism board and native officers claimed that no such competition existed.
In February, it was introduced that the second version of the competition can be happening on a tropical island off Cancún, Mexico. Nevertheless, it was quickly revealed that the allow McFarland had obtained solely allowed for a 12-hour listening celebration that will need to have fewer than 300 individuals.
Earlier than it was cancelled, the second version of Fyre Fest noticed tickets promote for between $1,400 and $25,000 (£1,081-£19,305), whereas premium packages have been priced as excessive as $1.1million (£850,000). Forward of the deliberate second instalment, former Fyre Pageant investor Andy King warned of “loads of purple flags” over the occasion’s deliberate reboot.
The deal that just lately fell although seemed to be one which was introduced again in April, when documentarian Shawn Rech revealed that he had acquired a few of the Fyre Fest model’s IP and was planning to launch a streaming service utilizing the title. In Might, it was revealed that the Fyre Pageant model was seeking to launch a lodge expertise later this 12 months, marketed as a Caribbean getaway in Honduras in September.
