Ja Rule sells Fyre Festival painting for $122,000 – Music News
Ja Rule sold his painting for Fyre Festival for $ 122,000 (£ 88,500).
The rapper told Forbes he decided to sell the oil painting of the doomed festival logo that was hung in the festival’s New York office while planning because he “just wanted that energy out.”
According to Consequence of Sound, the artwork was accompanied by a handwritten note from Ja Rule that read “F ** k this painting” and was auctioned Tuesday for a minimum price of $ 60,000 (£ 43,500).
The buyer, who chose to remain anonymous, bought the piece through Ja Rule’s new currency firm KickFlip, which allows artists to sell physical works using the Non-Fungible Token (NFT) form.
“I first heard about NFTs a couple of weeks ago,” Ja Rule told Forbes, explaining, “I wasn’t particularly well trained at them, and I’m still learning a lot about them … I think people did a little . ” I’m tired of regularly investing in stocks and bonds. “
The Fyre Festival was billed as a luxury music festival with Ja Rule and Blink-182, but the event proved to be an absolute disaster, with music fans and thrill seekers who paid thousands left stranded with no adequate accommodation or facilities.