![]() we hope to inspire and intensify urgent debates about the future of music. By adopting a 400 year old Renaissance-style approach to music, offering it as a commissioned commodity and allowing it to take a similar trajectory from creation to exhibition to sale. Contemporary art is worth millions by virtue of its exclusivity. The intrinsic value of music has been reduced to zero. Feeling the value of music had been cheapened by streaming and online piracy, he and co-producer RZA hoped to return music to the value of fine art. Inspired by musical patronage in the Renaissance, Wu-Tang producer Cilvaringz decided to create Once Upon a Time in Shaolin as an art object. It features the entire Wu-Tang Clan, plus rapper Redman, the Wu-Tang Killa Beez, FC Barcelona soccer players, Game of Thrones actress Carice van Houten, and two appearances from Cher. It took about six years to complete, and was recorded mostly in Staten Island, New York, and produced in Marrakech, Morocco. Wu-Tang Clan began working on Once Upon a Time in Shaolin in the late 2000s with producer Cilvaringz. In July 2021, the US Department of Justice sold it to non-fungible token collectors PleasrDAO for $4 million to cover Shkreli's debts PleasrDAO said they hoped to make it more widely accessible. In March 2018, following Shkreli's conviction for securities fraud, a federal court seized assets belonging to him, including Once Upon a Time in Shaolin. The winning bidder was Martin Shkreli, the CEO of Turing Pharmaceuticals, who paid a reported $2 million. A legal agreement with the purchaser stipulated that the album cannot be commercially exploited until 2103, although it can be played at listening parties. A single two-CD copy was pressed in 2014 and stored in a secured vault at the Royal Mansour Hotel in Marrakech, Morocco, then auctioned through auction house Paddle8 in 2015. The album was recorded in secret over six years. Purchased directly from the Wu-Tang Clan in 2015, it became the most expensive work of music ever sold. Only one physical copy of the album was created, with no ability to download or stream it digitally. Then, in 2018, Scoolidge represented Cilvaringz in another matter around the album.Once Upon a Time in Shaolin is the seventh studio album by the American hip hop group Wu-Tang Clan. 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. 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. Now, we will soon find out who purchased the album. 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. 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. 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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