Overview

• The eBay auction closed July 15 after seven days and drew 175 bids from 42 bidders before settling at $245,300.
• The winning bid transferred the festival’s intellectual property, trademarks, social media accounts, domain names and archival footage.
• The identity of the buyer has not been disclosed and their intentions for the brand remain unknown.
• Proceeds from the sale are designated for victim restitution but cover less than 1 percent of McFarland’s outstanding debt.
• Plans for a Fyre Festival II in Mexico were derailed by permit denials, leaving any revival efforts on hold.