The Mystery Buyer of Wu-Tang Clan's 'Once Upon a Time in Shaolin' Will Soon Be Revealed
The lawyer who facilitated the fabled LP's sale expects the new owner to identify themselves "in the next two months"
Published Aug 04, 2021Last week, the United States government sold the sole copy of Wu-Tang Clan's Once Upon a Time in Shaolin album — famously forfeited in 2018 by disgraced pharma executive Martin Shkreli — to an unknown buyer for an undisclosed sum. However, the lawyer who facilitated the sale has shared that those pertinent details could soon come to light.
CNBC reports that New York lawyer Peter Scoolidge, who handled the purchase for the undisclosed buyer, says that the person in possession of the one-of-a-kind recording "is going to identify themselves in the future, I'd say in the next 30 to 60 days."
In a statement shared with CNBC yesterday (August 3), Scoolidge called the transaction "the most interesting deal I have ever worked on," reiterating that the sales contract contained a confidentiality provision that protects information relating to the buyer and price.
CNBC also notes that Scoolidge has previously been involved in legal action relating to Once Upon a Time in Shaolin, pointing to respective suits from album co-producer Tarik "Cilvaringz" Azzougarh concerning Shkreli's forfeiture, and from Long Island artist Jason Koza, who sued Shkreli, Azzougarh, Wu-Tang Clan co-founder Robert "RZA" Diggs and an online auction house over illustrations used in a 174-page leather-bound book that accompanied the album.
Scoolidge declined to comment on the possibility of whether or not Wu-Tang Clan or individual members of it were involved in the purchase of the Once Upon a Time in Shaolin album from the government.
Shkreli first bought the record in December of 2015 for a price in the $2 million USD range. After learning of the pharma exec's price gouging of AIDS and cancer drug Daraprim earlier that year, RZA said at the time that he "decided to give a significant portion of the proceeds to charity."
Shkreli was then convicted on three of eight counts of securities and wire fraud in August 2017, leading him to list Once Upon a Time in Shaolin for sale on eBay the following month. At that point, members of the iconic hip-hop outfit debated whether or not it was an authorized Wu-Tang Clan album.
Last year, it was reported that the Once Upon a Time in Shaolin saga would become a Netflix film.