Auction for Melania’s Hat Fails to Get Desired Bids and Social Media is Loving It
Earlier this month, the Trump family put up for auction three items that revolved around Melania, hoping to get an opening bid of $250,000, but in the end, even the final bid fell far short of that estimate. The auction items included a hat worn by Melania, a watercolor painting of the former FLOTUS, and one of her infamous NFT’s. Still, by the time the auction came to an end, very few bids were much higher than the minimum amount required.
One big reason for the failure to reach their asking price was that they were only taking bids in Solana, a type of cryptocurrency. Like all other cryptocurrencies, including bitcoin, the value of Solana has recently dropped dramatically. As the items are called online, the “Head of State” Collection sold for around $170,000, about $80,000 less than the predicted opening bid price.
Cryptocurrency is a wholly unregulated market, and for that reason, it is not uncommon to see significant highs and lows occur. The Trump family certainly seemed to choose the worst time to start trying to capitalize on that market. The Trump family members only got into the cryptocurrency market at the very end of 2021, beginning with an NFT of Melania’s eyes that they were selling for $150 each.
When they began selling the NFT’s, they claimed that a portion of the profits would go to charity. The Trump family continues to say the same for their latest auction; they have not specified to anyone how much or exactly what organizations will be receiving the funds. They have also not answered any requests for comments on the auction’s outcome.
Twitter had a field day:
Fun fact about Melania- She is a birther racist fuckface.
— Tony Posnanski (@tonyposnanski) January 26, 2022
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Not even their rich friends could come through for her?? Which charity is she donating the proceeds to? Maybe that has something to do with it?!
I almost could say that without laughing. Charity!
— THEE Jenny Bwood (@JennyBwood) January 26, 2022
All other 1st ladies donated their clothing to the Smithsonian, but they weren’t grifters
— Pedal Pusher (@slwheeler1) January 26, 2022
Let’s see how fast she cuts out the charity angle of it all
— pjeanne (@p_jeanne97) January 26, 2022
The schadenfreude gets better the more you read:…the $250,000 threshold wasn’t met because over the last two weeks,…the crypto market has taken a massive dive…As a result of the lack of interest in Trump’s items, an inflated opening bid amount and a plunging market…
— LM Taylor (@dollyllamaX10) January 26, 2022
— Joshua Eastep (@Randian74) January 26, 2022
Melania Trump’s crypto-only hat auction has become collateral damage in the cryptocurrency crash.
SELL! SELL! SELL! because US NEEDS THE MONEY FOR OUR BOND WHEN US TRUMP’S GOES TO JAIL.” pic.twitter.com/0cXduUSeGH
— Vantei Giovalio (@giovalio) January 27, 2022
Melania’s hat and other items didn’t get any interest from her auction. I can’t recall any other First Lady selling state paid for items for profit. Will she try to sell the Whitehouse stolen towels next?
— Kevan Young (@KevanYoung2) January 27, 2022