Billy McFarland Sells FYRE Festival Brand on eBay for $245K

Billy McFarland is now not the proprietor of FYRE Festival … as a result of somebody snapped up the rights to the model on eBay — and so they solely wanted a bit over $245K to snag the successful bid.

FYRE Festival’s rights, IP, model trademark and social media belongings had been offered Tuesday on eBay for a measly $245,300.

The on-line sale closed Tuesday at 12:44 PM ET after 175 bids from 42 bidders … marking the tip of Billy’s tumultuous saga with FYRE Festival.

Billy was streaming the ultimate day of bidding Tuesday and when the quantity pushed previous $240,000 he remarked, “Damn. This sucks, it’s so low.” As we instructed you in May … he and his crew had been trying excessive seven or low eight figures.

As you realize … FYRE Festival epically flopped in 2017 … Billy overestimated the music pageant as luxurious glamping within the Bahamas with large celeb visitors and large title acts … however attendees slept in disaster-relief tents, had been served bare-bones sandwiches and did not get to see Blink-182, Tyga, Pusha T, Migos, Major Lazer, Disclosure, and even Desiigner.

Billy and his buyers did not have the money to really observe by with the occasion … and he ended up spending time in prison after pleading responsible to wire fraud and different crimes.

After getting out of the pen in 2022, Billy tried to make FYRE Festival 2 occur … however he ran right into a string of points, together with controversy over whether or not or not native authorities in Mexico was conscious the pageant was alleged to happen of their metropolis.

Along the best way, there have been a pair documentaries on Netflix and Hulu.

Billy introduced in April he was promoting the FYRE model … and now it is lastly modified arms.