Business & Tech
Martin Shkreli Is Selling His Wu-Tang Clan Album
The "pharma bro" is reselling the unreleased rap album which he famously purchased for millions of dollars.

MURRAY HILL, NY — Martin Shkreli, the pharma bro dubbed the most hated man in America, is apparently selling one of his more idiosyncratic claims to infamy: The unreleased Wu-Tang Clan album he reportedly bought for $2 million.
Shkreli, the pharmaceutical executive who last month was convicted of securities fraud, posted the rap album on eBay on Tuesday. Shkreli identified himself as the seller in the posting and included a photo of himself with the unreleased album. When a New York Post reporter contacted the pharma-bro about the album, he confirmed that he was selling it before "he unleashed a string of expletives and then requested to engage in a lewd act with a reporter," according to the Post. Shkreli also posted the eBay listing on his Facebook page.
Shkreli is believed to have bought the album, of which only one copy was made, for $2 million in 2015. The legendary New York-based rap group decided to auction of their latest album, of which only one copy was made, to the highest bidder, under the condition that the owner never release the music commercially. Shkreli's extravagant purchase came to light shortly after he catapulted himself to infamy by hiking up the price of a life-saving drug by 5,000 percent. Shkreli has remained unrepentant about his unequivocal quest to make as much money for shareholders as possible.
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Shkreli's securities fraud conviction was unrelated to his price gouging. He hasn't yet been sentenced but faces up to 20 years in prison. (For more information on this and other neighborhood stories, subscribe to Patch to receive daily newsletters and breaking news alerts.)
In the post on eBay, Shkreli wrote that he "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."
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Last year, the Clan's Ghostface Killer called Shkreli "a fake-a-- super-villain."
After Shkreli's purchase of the album was publicized, the group's producer RZA said they would donate a portion of the proceeds to charity.
"The sale of Once Upon a Time in Shaolin was agreed upon in May, well before Martin Skhreli’s [sic] business practices came to light," RZA told Bloomberg Businessweek. "We decided to give a significant portion of the proceeds to charity."
Shkreli has promised to donate half of the sale proceeds in his sale of the album to "medical research," but declined to tell a Post reporter where he would donate the money.
Image credit: Spencer Platt / Staff / Getty Images News
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