Last July, the Justice Department announced it had found a buyer for the album but didn’t identify the individual or the price. When he was convicted of securities fraud in 2018 and ordered to forfeit $7.36 million, US marshals seized the album along with other assets. The album was originally purchased for about $2 million by pharmaceutical executive and hedge fund manager Martin Shkreli in 2015. On October 20, 2021, the buyer was revealed to be PleasrDAO, a cryptocommunity.The US government claims that the price it got for the legendary sole copy of Wu-Tang Clan’s Once Upon a Time in Shaolin is a “trade secret” that cannot be revealed, according to documents obtained by BuzzFeed News. On July 27, 2021, the United States sold the album to an anonymous buyer in order to pay off Shkreli's debt. On April 17, 2018, Method Man and Ghostface Killah appeared on The Late Show with Stephen Colbert demanding that US Attorney General, Jeff Sessions, give over the album, later jokingly posting on social media that they were teaming up with former FBI Director James Comey (who also appeared as a guest that evening) to get it back. However, it seems that at least two members want the album to be returned to the group. It is not known what will happen to the album now that it is in the hands of the government. The only time Shkreli has played the CD at an event was when he played the intro of Once Upon a Time in Shaolin after Donald Trump's win of the 2016 United States presidential campaign.Īfter Shkreli was found guilty of fraud, he forfeited the album, among other properties, to the United States Justice Department. He was free to host parties and other events with the song playing or upload it at no charge online or sell physically, until 2103. Martin Shkreli was forced to sign a contract stating he could not commercially exploit the album. A significant amount of the money was given to charity. Later on, it was sold at Paddle8 for 2 million dollars to Martin Shkreli, making it the most expensive album ever sold. After the event, the album was stored at Royal Mansour Hotel and all backup copies were destroyed. The album was played for 13 minutes at MoMA PS1 for 154 people on Mahowever, there were no recordings made of this event, security confiscated attendee's cell phones before the event began. Despite this, many snippets exist online, albeit it being near impossible to decipher which belongs to what songs. He intended for it to be played all around the country at many different events, but it was instead sold at an auction for $2 million to infamous entrepreneur Martin Shkreli. When RZA, the band's lead singer, was asked to talk about what the album was about, he refused to comment. It was recorded in secret for six years, with only one copy of the album pressed, with it being contractually barred from commercial distribution for eighty-eight years (in reference to the Wu-Tang Clan's association with the number 8 and variants thereof) the reason behind this decision was to make it feel more like art from the Renaissance era. It was marketed to be the last Wu-Tang sounding album to ever be made and featured every living member of the Wu-Tang Clan during the time. Once Upon a Time in Shaolin is a rap album made by the Wu-Tang Clan, famous for their debut album Enter the Wu-Tang (36 Chambers.) The album had two different sides, Shaolin School and Allah School.
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