In August 2020, the Wu-Tang leader reportedly began production on a film about the album’s convoluted existence for Netflix. Of course, just because only one copy of the album exists and can’t be monetized for 100 years, doesn’t mean RZA won’t try to make some money off it anyway. When he was sentenced to seven years in prison, the government appropriated the project for the purpose of auctioning it off to pay his debts. When Wu-Tang Clan put Once Upon A Time In Shaolin up for sale in 2014, they put some stipulations in place: The album could be played for individual people at public events, but could not be.
When Shkreli was convicted in 2018 for SEC violations, he played the album while talking about it and tried to sell it on eBay to avoid forfeiting it as part of his sentence. The album was purchased by Shkreli in 2015 with the caveat that it couldn’t be commercially exploited for nearly 100 years. The album first made waves in 2014 when it was announced that only one copy of the album would be auctioned off, incensing group members like Method Man. A confidentiality provision in the sale contract protects information about the buyer and price. According to the Justice Department, the sole copy of Once Upon A Time In Shaolin was sold off to pay off the $7.4 million forfeiture judgment against Shkreli for his 2018 conviction on securities fraud. According to the Justice Department, the sole copy of Once Upon A Time In Shaolin was sold off to pay off the 7.4 million forfeiture judgment against Shkreli for his 2018 conviction on securities. Then, in 2018, Scoolidge represented Cilvaringz in another matter around the album.The mythic Wu-Tang Clan album once purchased for an exorbitant sum by “Pharma Bro” Martin Shkreli has finally been sold after being seized by the US government. In the article, CNBC points out some interesting points: the fact that, in 2016, Scoolidge represented artist Jason Koza in a lawsuit against Shkreli, RZA, and Once Upon A Time In Shaolin's co-producer Cilvaringz because of the illustrations of his artwork that came along with the album. In an interview with CNBC, Scoolidge said the lawyer “is going to identify themselves in the future. Wu-Tang Clan’s Once Upon A Time In Shaolin Comes Out In 88 Years News Ma3:07 PM By Chris DeVille Last spring the world got a brief preview of Once Upon A Time In Shaolin. On Tuesday, August 3rd, Peter Scoolidge, a The New York-based lawyer, reveled that he was the person who handled the purchase for the unnamed buyer. In a new Rolling Stone feature, a group of 74 crypto fans named PleasrDAO.
Now, we will soon find out who purchased the album. The new owners of the elusive Wu-Tang Clan album Once Upon a Time in Shaolin have finally revealed their identities. The buyer and how much that person (or company) paid for the album was not revealed, but Shkreli's lawyer Benjamin Brafman said the sale price covered the balance of a $7.4 million forfeiture judgment Shkreli owed. For the past two years Wu-Tang have been recording an album titled Once Upon A Time In Shaolin which will only be sold to one buyer. The one-of-a-kind Wu-Tang Clan LP was recorded over a six year stretch and hidden away in a secret Moroccan vault.
Last week, the Brooklyn US Attorney’s Office announced that they sold t he one-of-a-kind Wu-Tang Clan album, Once Upon A Time In Shaolin, which was once owned by infamous “Pharma Bro” Martin Shkreli. The story of the Once Upon A Time In Shaolin album is bonkers. We should know the identity of the person who bought Wu Tang's mythical Once Upon A Time In Shaolin album within the next 60 days.
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