Julian Lennon is selling The Beatles memorabilia as NFTs

nypost.com:

Preview in new tabJulian Lennon has announced plans to sell off the digital rights to his Beatles memorabilia — with no intention of parting with the actual pieces.

Instead, the 58-year-old spawn of music icon John Lennon will sell his collection as non-fungible tokens (NFTs), containing images accompanied by Julian’s narration.

Bidding is now open at Julien’s Auctions, the artist and philanthropist announced Monday. Digital pieces being auctioned include John Lennon’s black cape worn for the film “Help!”; an Afghan coat seen in the 1967 film “Magical Mystery Tour”; three Gibson guitars John gave to Julian; and Paul McCartney’s handwritten notes for the song “Hey Jude.” All of the original physical items will remain in Julian’s possession, however. “This NFT is a one of one edition of the physical item and does not include the physical item,” a disclaimer on the product pages reads.Julian thought the fundraiser would be “a unique way to continue Dad’s legacy,” he told Variety.“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, where I’ve had to keep them because I didn’t want them to get damaged,” he said.Money raised during the auction, which closes Feb.

7, will benefit Julian’s White Feather Foundation, which supports a variety of environmental and humanitarian causes.Experts expect the “Hey Jude” documents to bring in more than $60,000.Written by McCartney, the song was originally titled “Hey Jules” as a letter to a young Julian to comfort him when John and his first wife, Cynthia — Julian’s mother — divorced.“Hey, try and deal with this terrible thing,” McCartney had told the younger Lennon, he once said in an interview.