Wu-Tang Clan Album SOLD for $1,025,100 on eBay!
A rare CD of Wu-Tang Clan’s Once Upon A Time in Shaolin has sold on eBay for $1,025,100.00 Friday evening.
There were 343 bids.
The eBay auction attracted much attention for its seller being Martin Shkreli, the pharma executive who had bought the album for $2 million dollars in 2015. Shkrelli was on trial in recent weeks on charges unrelated to his purchase of the CD. He was convicted of three counts of fraud in a Manhattan federal court.
Auction Ended: September 15 (Friday), 7:08 pm
As if to stymie the sale, there were questions raised in the 24 hours before the auction end-date about the authenticity of the CD due to the fact that it never seemed like an “authorized” album. Those doubts appear to have been put to rest in light of the producer Cilvaringz stating he did in fact collect numerous verses from Wu-Tang members and later pieced them all together to make Once Upon a Time in Shaolin.
Details to be added to this page as they become available. Meantime, this is what Martin Shkrelli stated on his listing:
This is the one and only Wu-Tang album.
I decided to purchase this album as a gift to the Wu-Tang Clan for their tremendous musical output. Instead I received scorn from at least one of their (least-intelligent) members, and the world at large failed to see my purpose of putting a serious value behind music. I will be curious to see if the world values music nearly as much as I have. I have donated to many rock bands and rappers over the years to ensure they can continue to produce their art when few others would.
At any time I may cancel this sale and I may even break this album in frustration. I will donate half of the sale proceeds to medical research. I am not selling to raise cash–my companies and I have record amounts of cash on hand. I hope someone with a bigger heart for music can be found for this one-of-a-kind piece and makes it available for the world to hear.
Upon sale, I will represent & warranty any copies of the music I have will be destroyed. I have not carefully listened to the album, which is a double CD. There is also a finely crafted booklet which you can read about elsewhere. I will pay legal expenses for the buyer up to $25,000 to ensure the final purchase details are mutually agreeable.
I WILL NOT BE DONATING UNTIL I GET CONFIRMATION FROM THE RECEIVING NON-FOR-PROFIT/CHARITY THAT THEY WILL ACCEPT THE DONATION.
“He Disrespected the Wu-Tang Clan”
– prospective juror in Shkreli trial