FYRE Festival has new ownership after the brand's co-founder, Billy McFarland, sold the rights on eBay for just $245,300. The ...

After two futile attempts and a long stint in prison, Billy McFarland finally gave up on the Fyre Festival and sold it on Ebay for $245,300.

The Fyre Festival brand sold for $245,300 on eBay on Tuesday, which organizer Billy McFarland felt was "so low" for the ...