Imagine no possessions: Beatles memorabilia (virtually) up for auction

Items are pictured during a preview of "Lennon Connection: The NFT Collection" at Julien's Auctions in Beverly Hills, California, U.S., January 25, 2022. REUTERS/Mario Anzuoni

LONDON (Reuters) - John Lennon's son Julian is auctioning off pieces of memorabilia relating to the Beatles, including three guitars given to him by his father and handwritten notes about the 1968 song "Hey Jude" - but not physically.

Instead, the auction is a sale of non-fungible tokens (NFTs), a type of digital asset. Each winning bidder will be able to claim ownership of a digital file described as an "audio/visual collectible" in which Julian Lennon narrates a "specific heartfelt memory".