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Fyre Fest's McFarland Auctions Assets for $245K Amid Debt

7/15/2025

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Summary

Story summary

Billy McFarland has turned to eBay, auctioning off Fyre Fest's intellectual property and assets for $245,300 after a prior deal collapsed. The auction features trademarks, social media accounts, and marketing materials. Despite the sale, McFarland, burdened with over $20 million in restitution, will not see any financial gain from this transaction.

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Story summary

Billy McFarland has turned to eBay, auctioning off Fyre Fest's intellectual property and assets for $245,300 after a prior deal collapsed. The auction features trademarks, social media accounts, and marketing materials. Despite the sale, McFarland, burdened with over $20 million in restitution, will not see any financial gain from this transaction.