Already a controversial name in the pharmaceutical industry after raising the price of a drug used by AIDS and cancer patients from $13.50 to $750 earlier this year, Martin Shkreli makes headlines for a second time.
The current CEO of Turing Phamaceuticals has purchased the most expensive album in the world-the lone copy of Wu-Tang Clan’s Once Upon a Time In Shaolin.
According to Bloomberg, Shkreli dished out over $2 million for the album. Wu-Tang member RZA said the transaction was agreed upon in May, “well before Skhreli’s business practices came to light,” and the group has decided to donate a “significant portion of the proceeds” to an undisclosed charity.
Aside from RZA and his co-producer, Tarik “Cilvarignz” Azzougarh, nobody has heard the entire record. The 31-track double LP was in the works for over several years and features guest contributions from Cher, comes encased in a custom-made nickel and silver box and also contains a gold leaf certificate of authenticity as well as a pair of PMC MB2-XBD speakers valued at $55,000.
Once Upon a Time in Shaolin was kept in a vault in the Royal Mansour Marrakech hotel in Morocco and any duplicates have been destroyed. The buyer is prevented from mass producing it for commercial sale for 88 years, however, he does have the freedom to release the album for free. So far, Shkreli is the only person in the world with the album and he hasn’t even listened to it yet.
“I could be convinced to listen to it earlier if Taylor Swift wants to hear it or something like that. But for now, I think I’m going to kind of save it for a rainy day.” -Martin Shkreli, to Bloomberg.