We are an eBay affiliate and may be compensated for clicks on links that result in purchases.

Julien Lennon Auctioning off NFT's at Juliens

It had to happen -- major auction house with six NFT's (digital token) of some of Julien Lennon's collection including a page of handwritten notes for Hey Jude written by Paul McCartney. Also some clothing and guitars. Read Julien's description below that states you do NOT get the physical items! Before you laugh -- bidding on this is already up to $50,000 with 10 days to go.

An image of the notes, this NFT is a 1 of 1 Edition of the physical item and does not include the physical item. The item is brought to life in an even more personal way through Julian Lennon’s exclusive audio narration, which is minted as part of this NFT. A NFT is a unique and non-interchangeable unit of data stored on the blockchain. Julian Lennon is the sole owner of the physical item. The winner of this item will share in that exclusivity of Lennon history as the sole owner of the NFT.

0 members like this

▶ Reply to This

Replies to This Discussion

Permalink Reply by Eric Keith Longo on January 27, 2022 at 6:17pm

Nudge me when we get to pictures of stickers on pictures of pictures.

▶ Reply

Permalink Reply by Eddy on January 27, 2022 at 7:06pm

I'm glad you posted this Bruce Juice. I'm a bit of a luddite. What does this mean? Is it that the high bidder will "own" an electronic scan of an actual physical item that the consignor doesn't part with? Not trying to be silly...I really don't get it.

▶ Reply

Permalink Reply by Brian on January 27, 2022 at 7:21pm

this whole nft thing doesn’t make sense. i’d want the physical item. it would never work for me with an autograph. i want to be the sole owner of the graph. i just don’t get it

▶ Reply

Permalink Reply by spaceman on January 27, 2022 at 7:43pm

The people bidding in this auction believe this item will increase in value because it is the number one token of probably many more to come. It is not the original item but the next best thing. The world's gone crazy. If I can't physically hold the real thing might as well down load a copy the picture above.

▶ Reply

Permalink Reply by Eric Keith Longo on January 27, 2022 at 7:51pm

"Julian Lennon is the sole owner of the physical item. The winner of this item will share in that exclusivity of Lennon history as the sole owner of the NFT."

Meaning what, exactly?

▶ Reply

Permalink Reply by G01ch on January 27, 2022 at 8:54pm

So if you win this item, your ownership is recorded in the blockchain (a system that records transactions made in cryptocurrency), so it becomes yours. But that's not gonna stop someone from screenshotting it. It's all a bubble in my opinion.

▶ Reply

Permalink Reply by Eddy on January 27, 2022 at 8:57pm

What is it though that "becomes yours"?

▶ Reply

Permalink Reply by G01ch on January 27, 2022 at 8:58pm

You own the digital item and your ownership gets recorded in the blockchain. If I remember correctly, you'll get a certificate of ownership which can be looked up through a blockchain explorer.

▶ Reply

Permalink Reply by Eddy on January 27, 2022 at 9:03pm

But the bottom line is that I have no rights to or even partial ownership of that original physical item?

▶ Reply

Permalink Reply by G01ch on January 27, 2022 at 9:06pm

You have none unless otherwise is stated in a contract.

▶ Reply

Permalink Reply by Eddy on January 27, 2022 at 9:12pm

Ok...thanks for bearing with me on those questions.

▶ Reply

Permalink Reply by G01ch on January 27, 2022 at 9:16pm

No worries. I'm still confused by a lot of this myself. You'll be surprised how much some of these go for. This little ape here goes for $200,000 on average.