NFT’s, or digital artworks, have become all the rage. And it looks like John Lennon’s son Julian is using them to sell one-off digital representations of some of the Beatle treasures from his personal collection: five gifts he received from his father, and one from Paul McCartney.
NFT stands for Non-fungible token. “Non-fungible” means that it is something unique and can’t be replaced with something else. NFT’s can be anything digital (such as drawings or music), but a lot of the current excitement is around using the tech to sell digital art. Oh, and you pay for them in Ethereum – a cryptocurrency, like bitcoin or dogecoin.
The Lennon NFTs are being sold through YellowHeart, an online site specialising in the NFT space, and also through Julien’s Auctions – a more traditional auction house. As you can see on the Julien’s site all current bids have already either met or exceeded the estimated selling prices. The auction closes on February 7.
The pieces for sale are three of John Lennon’s Gibson Les Paul guitars, his Afghan jacket from Magical Mystery Tour, the hooded cape worn for the movie Help!, and Paul McCartney’s hand written notes for an arrangement of the song he wrote for Julian called ‘Hey Jude’ (it was originally called ‘Hey Jules’). Each NFT is animated and includes brief audio of Julian discussing the item with that voice-over being incorporated as a part of the NFT.
It should be noted that a portion of the proceeds from this auction will go to Julian’s White Feather Foundation which is active globally on issues relating to education, good health, the preservation of indigenous cultures, the environment and clean water.
If, like us, you don’t have very deep pockets it might be cheaper to seek out a copy of the lovely book Beatles Memorabilia – The Julian Lennon Collection. Each of these items is detailed there, along with a host of other rare collectables.
If you’d like to hear Julian talking about his collection and why he’s gone down the NFT route, check out this video from the True AF Podcast with Eric Fuller: