The Beatles Memorabilia NFTs Sell For $158,720
Julien’s Auctions has officially wrapped up the sale of their collection of The Beatles and John Lennon NFTs
On January 26th, when YellowHeartNFT announced they’d be collaborating with Julien’s Auctions to release the ‘Lennon Connection: The NFT Collection’, it took the world by storm. And bidding for the collection went live 13 days after the announcement.
There were six NFTs minted from different pieces of Beatles memorabilia, all of which were in Julian Lennon’s collection. Interested art collectors and The Beatles fans spent weeks after the announcement crafting theories on how much these items would go for sale.
In the end, their combined sale price was $158,720. Part of the proceeds will be sent to Julian Lennon’s White Feather Foundation.
The NFTs weren’t the physical items themselves. Instead, the action company sold minted images of each item. The images also came with an audio clip from Julian Lennon, who shares a personal memory tied with the item.
The Lennon Connection: The NFT Collection
The NFTs included an image of Paul McCartney’s handwritten notes for “Hey Jude”, which was the biggest seller, reaching $76,800. John Lennon’s Afghan coat from the Magical Mystery Tour and images of his Help! Cape also sold at $22,400 and $12,800 respectively. And finally, three NFTs of 1959 Gibson guitars that Lennon gifted his son sold for $22,400 each.
As explained by the Julien’s Auctions website, the purpose of these sales is to “share in that exclusivity of Lennon history as the sole owner of the NFT.”
While surprising to the sceptics, true The Beatles fans interested in exclusive memorabilia will find these NFTs as possible centrepieces for their personal collections.
Julian Lennon expressed the following in a public statement: “As an artist, I have great respect for all that my father accomplished in his career. 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.”
In an interview with Yahoo Finance Live, Julian mentioned he had no intention of parting with the physical items himself. Instead, turning them into NFTs was a way for Julian to provide insight into them, specifically his connection with the items themselves. Julian also elaborated that his brother Sean was the one who motivated him to get into the world of NFTs after explaining to him how it worked.