Martin Shkreli lists unreleased Wu-Tang Clan album on eBay and bids have already reached $1 million
The disgraced former CEO of Turing Pharmaceuticals, Martin Shkreli is once again in the headlines. And yes... he is still regarded as one of the most hated men in America.
Shkreli was the subject of widespread criticism in September 2015 when his company obtained the manufacturing license for the life-saving HIV and AIDS drug Daraprim, and proceeded to raise its price to extortionate levels.
Now, he has listed the sole existing copy of the Wu-Tang Clan's album Once Upon a Time in Shaolin on online marketplace, eBay.
With a winning bid of two million dollars, Shkreli won the covetable CD in an auction held in 2015. But just two years later, he put the album back up for auction on September 5, with a starting bid of $1. However, as one could expect, bidding began in fervour, and by late Wednesday morning, bidding had reached $100,000.
In the description, Shkreli opened with saying, "this is the one and only Wu-Tang clan 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."
Clarifying that he was not making the sale due to financial pressures, he added:
"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."
Shkreli once pledged to the release the album if Donald Trump won the 2016 Presidential election. But instead, he only released the introduction to the album and one track from it. As such, there is continued speculation about what Shkreli can actually do with the 31-track double album, which is the most expensive CD to ever be sold.
Certainly, fans of the American hip-hop group have been questioning whether the sale is even legal, due to the many stringent measures placed on the album by the eponymous group.
Once Upon a Time in Shaolin comes with a statement from the band, which reads:
"It can be exhibited publicly and it can be given away for free. But it cannot be commercialised as a conventional album release until 2103. Even then, it will be the owner's decision to release it or keep it as a single unit, not the Wu-Tang."
Well, with bids reaching a million dollars, we will have to wait for Shkreli's next move, and indeed, that of the Wu-Tang clan.