Wu-Tang Clan album bought by ‘Pharma bro’ Martin Shkreli is sold by the US government

Album has been sold to a ‘mystery buyer’

Sam Moore
Wednesday 28 July 2021 07:24
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A Wu-Tang Clan album that was formerly owned by Martin Shkreli has been sold by the US government as part of his prison deal.

The one-of-a-kind album, entitled Once Upon a Time in Shaolin, was put up for auction in 2015, with the pharma entrepreneur later revealed as the buyer of the lot, paying $2m (£1.4m).

The US government announced the sale of the album but did not reveal the buyer or the sale price, citing a confidentiality clause, leaving it a mystery as to who now has possession of the piece.

Shkreli, who was convicted of securities fraud in 2017, had total control of Once Upon a Time in Shaolin, meaning only he could allow others to listen to it.

He forfeited his rights to the album three years ago upon his criminal conviction.

The Brooklyn US Attorney’s Office said in a statement: “Proceeds from the sale of the album will be applied to satisfy the outstanding balance owed on the Forfeiture Money Judgment.”

Shkreli has previously tried and failed to sell the album, which is said to feature an appearance from Cher.

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