People pay hundreds for Fyre Festival merchandising


The sad and sordid story of Fyre Festival—An ill-fated music festival that scammed hundreds of people and saw its promoter go to jail — has taken a strange final turn: collectors are offering up hundreds of dollars to own festival merchandise.

You can see some of the items below. These are just a few of the 126 commodities up for sale by a Texas auction house that sells the loot on behalf of the U.S. Marshals:

Other items for sale include a bracelet with the inscription “A Conspiracy to Change the Entertainment Industry” and bright yellow sweatpants “with the hand-sewn” F “tag.”

By Monday afternoon, most of the items had drawn dozens of offers with a single Fyre Festival hat attracting a bid of $ 505. The auction is expected to end on Thursday, although the site says deadlines could be extended if there is a flurry of last-minute bids.

The US Marshals are responsible for the clearance of items of all kinds.including Bitcoin– referred to various federal law enforcement agencies.

According to the marshals ” website, the auctioned merchandise was seized from Fyre Festival founder Billy McFarland. The agency alleges that McFarland intended to sell the items at the festival but ended up keeping them in order to commit other unspecified criminal acts.

The festival in question was set to take place in the Bahamas in 2017 and feature a series of top-notch musical acts like Blink-182, while providing attendees with luxury cuisine and villas. The event, however, became a real debacle – recounted in two separate documentaries – as the groups retreated and festival-goers huddled in conditions resembling a refugee camp.

According to the U.S. Marshals, the proceeds from the auction will go to the victims of the Fyre Festival, which include investors and sellers McFarland allegedly defrauded of $ 26 million.

McFarland is currently incarcerated in federal prison with an expected release date of 2023.

More to read absolutely financial cover of Fortune:



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