Martin Shkreli Auctioning Wu-Tang’s “Once Upon A Time In Shaolin”
Martin Shkreli, the infamous former pharmaceutical exec in possession of the album, which he purchased for $2 million in December 2015, has listed it on eBay. As of publishing on Wednesday (September 6), the last bid was around $100,000 and still quickly growing.
He also claims that before the sale is final, he might end up breaking Once Upon A Time In Shaolin out of pure frustration.
“I decided to purchase this album as a gift to the Wu-Tang Clan for their tremendous musical output,” Shkreli wrote. “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…At any time I may cancel this sale and I may even break this album in frustration.”
Given that Shkreli first garnered notoriety for hiking the price of an HIV drug, there is some irony in the fact that he plans to donate half of the proceeds from the sale of Once Upon A Time In Shaolin to medical research.
“I will donate half of the sale proceeds to medical research,” he wrote. “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.”
This latest news surrounding Once Upon A Time In Shaolin comes weeks after Shkreli played a portion of the album during a livestream.
Martin Shkreli’s eBay auction is scheduled to end September 15.
He’s awaiting sentencing after being convicted of fraud charges in August.
Taken from hiphopdx.com