NFT: John Lennon, Beatles music collection to be sold as non-fungible tokens

John Lennon and the Beatles memorabilia are going to be sold at non-fungible tokens or NFTs via an auction. The digital collectible has been called the "Lennon Connection: The NFT Collection," and these will be offered as an audio-visual digital asset that is personally narrated by John Lennon's son, Julian.

As per the CoinTelegraph, Julian Lennon will put some of the rarest pieces of the Beatles' music history up for sale. The items are all from his private collection.

Some of the things that will be sold include three guitars, Paul McCartney's handwritten music arrangement for "Hey Jude," John's s coat from the "Magical Mystery Tour" film, and the black cape he wore from the 1965 musical comedy-adventure film movie titles "Help!"

These items have been minted to become NFTs, and in the auction, they are some of the most sought-after mementos from the Beatles' music history. In partnership with Julien's Auctions and YellowHeart NFT marketplace, the bidding has already started earlier this week, and it will end on Feb. 7 at 10 a.m. Pacific Time.

Paul McCartney's handwritten note for "Hey Jude" has been predicted to fetch the highest bid in the auction. It is possible because this NFT item has a starting price of $30,000 or about £22,258.

It was mentioned that part of the sale proceeds from the "Lennon Connection: The NFT Collection" are set to be donated to Julian Lennon's charity foundation called the White Feather Foundation. This organization raises funds to help make life better for everyone.

All the original physical versions of the Beatles' NFTs are staying with Julian but all the buyers will own the sole rights to all the digital versions sold as non-fungible tokens.

"I've been collecting these personal items for about 30 years, and I was getting a bit fed up with them being locked away in a vault," Julian Lennon explained to Variety as to why he is exhibiting and auctioning off some Beatles and his father's items. "I actually felt very bad about keeping all that stuff locked away, and I just felt that this was a unique way to continue dad's legacy and to show people the collections I have, and with the videos and narration, to give people a little more than they would normally get and hear some stories that they haven't heard before in a new art form and a different medium.