John Lennon’s son, Julian, turns items from his personal collection of Beatles memorabilia into NFTs, or non-fungible tokens, which are sold at auction.
The items, which are each one-of-a-kind, include the coat John Lennon wore in the movie “Magical Mystery Tour” and three Gibson guitars the music legend gifted to his son.
The centerpiece of the ‘Lennon Connection’ auction are notes written by Paul McCartney for the song ‘Hey Jude’, which was originally titled ‘Hey Jules’ as a letter to 5-year-old Julian when John and his first wife, Cynthia, Julian’s divorced mother. Experts predict that “Hey Jude” notes could fetch over $60,000.
Julian told Yahoo Finance Live that he has no plans to sell the physical items.
“I don’t think I could part with any of them, because, you know, I was never really passed on a lot of [the Beatles memorabilia] at all. So I collected this not just for myself, but you know, I hope to have a family one day, and I would love to be able to pass these items on to future generations.
NFTs are audio-visual collectibles, each narrated by the 58-year-old musician and philanthropist.
“Making NFTs like this was a way to share these stories with fans and also give them a little insight into each element, as I decided to write a little something about my connection to the elements,” he added.
Julian said he’s always found NFTs “quite intriguing”.
“I’ve been aware of this for a while and believe it or not, it was actually my brother Sean (John Lennon’s son with Yoko Ono) who really made me understand this universe a little more, and I am grateful for that, said Julien.
In fact, 46-year-old Sean has become a bitcoin advocate, recently saying in a podcast that the world’s first cryptocurrency is “empowering people in ways they never have before.”
“Yeah, Sean gave me a thumbs up [for the auction], just like Uncle Paul — McCartney — says Julian. So it was essential for me to know that he was good with that. In fact, it was the first time we had spoken in a long time, and it was such a pleasure, because it had been too long.”
Although he doesn’t own any NFTs or cryptocurrency, Julian said he was “watching”.
“I mean, there are a few works of art that I might be interested in,” Julian said, but he felt the time was right to gift the NFT collection, as the iconic British rock band is once again in the spotlight. with the release of “The Beatles: Get Back” docuseries, which hit Disney+ in November.
The film is a glimpse into the Fab Four’s creative process while making the “Get Back” album and a glimpse into the dynamic between the band members.
Julian said he first watched the film with his brother Sean and Paul’s daughter, Stella McCartney, and was “pretty blown away”.
“We actually saw a very unique edited version of 100 minutes where [director] Peter Jackson actually added a few comments, in a comedic way, believe it or not, which made us relax a bit more knowing that we were going to see something we had never seen before about our family, you know, and on the boys,” Julian said.
Julian admits he and Sean were initially nervous about seeing the film, but in the end “it really, really made me love it [John Lennon] again in a different way than before, because I got to see him as I knew him as a child when we all lived together. And seeing him work and create with the boys again, with the Beatles again – and that was it – it just took me back to happier times of when I was a kid. It was good to see him being silly and cheeky, and all the things we know and love him for. So it was a very special moment.”
The “Get Back Rooftop Concert” will screen in IMAX theaters from January 30 to together mark the 53rd anniversary of the Beatles’ last live performance. It will get a worldwide theatrical release from February 11-13.
Julian said the NFT Beatles auction will be linked to a new album he is currently working on and hopes to release later this year.
Money raised from the NFT auction will benefit Julian’s The White Feather Foundation, which supports a number of environmental and humanitarian causes. The auction is currently live on the NFT YellowHeart platform via Julien’s Auctions. Auctions will end at 1 p.m. EST on February 7.
Alexis Christoforous is a presenter and reporter for Yahoo Finance. Follow her on Twitter @AlexisTVNews.
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