Julian Lennon “selling” his fathers memorabilia

I don’t think that it’s a secret that Lennon was a flawed character/ nasty piece of work

Joesoap

I dont think John was all he let out to be, coming from his home Town, and being the same age as him, I wont say too much.

Please say too much. We can all be quiet here.

It’s like those multi bitcoin millionaires, the money is there but where.

Callistemon21

^Only problem is that the buyer doesn’t get the actual items, just a digital token stating that you are the owner but Julian gets to keep them.^
I've decided to sell my house but I'm still going to keep it and live in it.
I will send the buyer a framed photo so he can look at it.

???

????? ooh you're trying to start a trend aren't you!!??

Its called a "none fungible token" - link below if anyone is interested in learning more - still sounds bonkers to me
en.wikipedia.org/wiki/Non-fungible_token

The saying "more money than sense" comes to mind for anyone entering into these agreements. As for the Paris Hilton scheme, have people so little going on in their life that they live in a virtual world.

Blondiscot yes. I know. It was a joke

If anybody falls for the gobbledegook scam…..more fool them!

I enjoy watching Leonardo Di Caprio in Titanic. I have a digital token (aka DVD) so that I can watch him at any time.
Does that make him my actual, real-life husband?

FannyCornforth

I thought that it was non-fundable tokens
not non-fungible tokens

I can’t see there being mushroom for expansion in that market ?

No sorry, NFTs are definitely non-fungible tokens.

www.bbc.com/news/technology-56371912

Bridgeit

A bit like renting a property then?

But if you rent one you can live in it.

songstess This article contains lots of information about Julian and Sean. It says John left £250 million and eventually a deal settled in 1996 left Julian with a lump sum of £20 million so I doubt he's short of money. He has properties in Monaco, France, LA and London. He's not doing this for the money unless it's to raise funds for the White Feather Foundation.
Where children of the Beatles are now

John Lennon was a lousy father to Julian and he disinherited Julian with everything going to Sean all thanks to that awful Yoko. Maybe he needs the cash.

A bit like renting a property then?

You’re on form today Fanny. Have you been - er - partaking of anything??

I thought that it was non-fundable tokens
not non-fungible tokens

I can’t see there being mushroom for expansion in that market ?

oops

Oh dear grandetante I was drinking my a I read your post and because and chocked on my laughter/tea. It was worth it though]grin].

I met my husband in the Cavern Club, so feel that he has a connection to the Beatles.
Though he is no longer with us, I'm willing to sell a digital share in him at a very attractive price!

Ooh, that’s interesting. Can you say just a little bit more?

I dont think John was all he let out to be, coming from his home Town, and being the same age as him, I wont say too much.

That’s rather different crazygranny. A licensee is buying the right to use and reproduce an image, exclusively or not depending on the terms of the licence. In Julian’s case he is selling ownership of physical assets but retaining possession and use of them.

I am a professional photographer. If I take an image I will licence anyone who wishes to use it for commercial purposes for a fee. This is usually done on a time-limited basis. It allows companies to use images that have already been created by an artist and which suit their needs without the expense of hiring a photographer. It's a way of earning through my ownership of my creations.
The art world has now moved to digital curation. An artist can sell the rights to their digital image (exclusive or limited) which then allows the purchaser to use that image commercially. It is all handled through blockchain and the system which supports this allows anyone who has paid for the right to use the image commercially to prove they have the right to do so. It's simply an extension of a system that has been in place for some time to protect the copyright of owner/creators.

There's a lot of criticism here but as others have said the buyers know what they are buying. I think it's a way for Julian to share Lennon memorabilia with the fans. Check out the link I posted to find out more which also has a link to the White Feather Foundation. And yes, Julian is a beautiful person which is evidenced in that link.

He's not selling the actual memorabilia (as others have pointed out) - he is actually selling them as NFTs (non-fungible tokens). Essentially, you are 'buying' a digital form of the artwork, but in many cases, the actual artist will retain part of, or all of, the copyright.
The saying, 'a fool and his money are soon parted' certainly does come to mind here, but some NFTs have sold for staggering sums. An NFT of an animated GIF of a flying cat which became a popular meme sold last year for more than half-a-million dollars, which is astounding for something you can't physically own. Many experts reckon the NFT bubble will burst sooner than later, which is probably why people like Julian Lennon are trying to cash in on it while the going is good.