As you may recall from a story we ran several weeks ago, the Wu-Tang Clan were going to be “releasing” their newest album, Once Upon A Time In Shaolin, in an auction, essentially, to the highest bidder. Although we knew the album sold for a couple million dollars, we didn’t know who bought it till now.
According to Bloomberg, one of the lowest of the lows, CEO of Turing Pharmaceuticals Martin Shkreli, bought the album. The same man who raised the price of a drug used by AIDS and cancer patients by an unfathomable 5000% is now the exclusive owner of the record.
Shkreli is said to have paid $2 million for Once Upon A Time In Shaolin, although Wu-Tang’s RZA acknowledges the transaction was made “well before Skhreli’s business practices came to light.” Obviously they’re unhappy, and have since stated that a “significant portion of the proceeds” will be donated to an undisclosed charity.
To make matters worse, Shkreli hasn’t even listened to the album yet! He tells Bloomberg, “I could be convinced to listen to it earlier if Taylor Swift wants to hear it or something like that. But for now, I think I’m going to kind of save it for a rainy day.”
The 31-track, double-LP was recorded over a period of several years and came in a custom-made nickel and silver box with a gold leaf certificate of authenticity as well as a pair of PMC MB2-XBD speakers valued at $55,000. In addition, Wu-Tang placed an 88-year copyright on the album so as to keep it from mass production, so don’t expect to hear it anytime soon, unless Shkreli decides to share it out of the kindness of his heart.
So, don’t count on it.
Pharma bro who jacked up the price of AIDS drugs just bought the one-of-a-kind secret Wu-Tang Clan album (via NowThis Entertainment)
Posted by NowThis on Wednesday, December 9, 2015