Billy McFarland, the fraudster who brought you Fyre Festival, has sold the rights to the brand on eBay for $245,300. We do not yet know who the buyer is or what they plan to do with such cursed IP.

Damn. This sucks, it’s so low,” Billy McFarland, the notorious festival's original organizer, said of the bid.

Unfortunately for McFarland, his plan to monetize the Fyre Festival name is barely going to put a dent in what he owes. The auction, which ended Tuesday morning, received 175 bids and ultimately sold for $245,