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Billy McFarland Sells Fyre Festival Brand for $245,300 in eBay Auction

The proceeds cover less than one percent of the $26 million restitution the convicted promoter still owes.

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Image: Mary Altaffer (AP)
Billy McFarland, organizer of Fyre Festival, exits the U.S. Federal Court in Manhattan following his presentment on wire fraud charges in New York City on July 1, 2017.

Overview

  • A weeklong eBay auction ended July 15 with 175 bids from 42 bidders, culminating in a $245,300 sale.
  • The transaction transferred ownership of Fyre Festival’s trademarks, intellectual property, social media accounts and domain names.
  • The identity of the winning bidder has not been revealed, leaving the brand’s next chapter undetermined.
  • McFarland livestreamed the auction’s close and lamented the low final bid, saying “Damn. This sucks, it’s so low.”
  • The sale follows the indefinite postponement of a planned 2025 sequel in Mexico after organizers failed to secure permits.