The music industry is in crisis.  On December 9, Bloomberg Businessweek identified the buyer as Turing Pharmaceuticals CEO Martin Shkreli, who had paid $2 million.  In March 2015, Wu-Tang Clan exhibited the album for the only time, to a crowd of about 150 art collectors, dealers, and critics in Queens, New York.
 The Guinness Book of Records certified Once Upon a Time in Shaolin as the most valuable album in the world, surpassing records by Elvis Presley and The Beatles, then known as the Quarrymen.
", "Pharma's Bad Boy Exec Paid $2 Million for Wu-Tang Clan's New Record", "Martin Skhreli Either Wants to Destroy the $2 Million Wu-Tang Record or Make It a Spiritual Quest", "Martin Shkreli leaks Wu-Tang Clan album in celebration of Trump victory", "A Timeline of Events Since Martin Shkreli Purchased Wu Tang Clan's 'Once Upon a Time in Shaolin, "Why Jeff Sessions May Control The Fate Of Wu-Tang's Secret Album", "RZA: 'Martin Shkreli sold our album on eBay for $1.2m – he could have got more, "RZA Wanted to Buy Martin Shkreli's Wu-Tang Album Back for Himself", "Martin Shkreli's $2m Wu-Tang Clan album seized by federal court", "Wu-Tang Clan LP Gets 'First, Last, Only' Listening Session", "Wu-Tang Clan's $2 Million Album a Target in Copyright Lawsuit", "Koza v. Diggs et al, Docket No.
, Complex, reporting from the exhibition in Queens, described Once Upon a Time in Shaolin as "rich, layered, and sonically bombastic", with a "rugged, hard-hitting sound" reminiscent of early Wu-Tang Clan albums. For a story about the hyper-capitalist music industry, the whole thing is enjoyably esoteric. Once Upon a Time in Shaolin is, without question, the rarest hip-hop album ever released and the most expensive and valuable album in all of music history. 1:16-cv-00956 (S.D.N.Y. The book asks many questions – on the marriage of capitalism and art, the psychology of access, the value of creativity, the necessity of public relations – that make it more than just the story of an album. 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. RZA replied that the ban was necessary to maintain the integrity of the album as a work of art and to deflect notions of a publicity stunt. , U.S. District Court for the Southern District of New York, "Wu-Tang Clan: unique copy of album will be sold by online auction", "Wu-Tang Clan Secret Album Sold By Paddle8, But To Whom?
One reason given was: “He disrespected the Wu-Tang.”, Kit Caless is co-director of Influx Press and the author of “Spoon’s Carpets: An Appreciation” (Square Peg), Once Upon a Time in Shaolin Writing of “entitlement culture”, Bozorgmehr sounds a bit like an old man raging at a younger generation. , The following track listing was compiled by Complex. Shkreli played the record during his interview with Vice writer Allie Conti, who said: "From what I heard, it was definitely better than their last album, although I wouldn't say it's worth $2 million necessarily.".
In 2015, Martin Shkreli shot to fame after his corporation, Turing Pharmaceuticals, raised the price of the Aids drug Daraprim by 5,556 per cent from $13.50 to $750. Wu-Tang Clan began working on Once Upon a Time in Shaolin in the late 2000s with producer Cilvaringz. Contemporary art is worth millions by virtue of its exclusivity ... 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 ... we hope to inspire and intensify urgent debates about the future of music. Inspired by a Renaissance-style approach to art, the infamous rap group decided that they were going to return value to music by creating something priceless: a single, uncopied, ultra-exclusive album. Someone bought the album for $2m.
Group member RZA told Billboard that he has received a lot of offers with $5[…], Website Designed & Developed by WeDoWebApps, WPGM Recommends: Isolation Playlist 003 – Hey, You On, Martin Shkreli Is True To His Word And Streams Unreleased Wu Tang Album | Music News, Martin Shkreli Seeks Exclusive Rights To Kanye West Album | Music News, Wu-Tang Clan Gets $5 Million Offer For One-Off Album | Music News, Joey King Falls For Her Best Friend’s Brother In ‘The Kissing Booth’ | Film Trailer, Finn Wolfhard & Sadie Sink Collaborate With Pull & Bear | Fashion News, Thong Bikinis Are Slowly Easing Their Way Into The Mainstream | Fashion News, What To Expect From Day 1 At Ayia Napa House Festival | Music News, Arnold Schwarzenegger Reveals He Can Speak Perfect English But Fans ‘Expect’ Accent | Film News, The Hottest Style From Burning Man 2017 | Fashion News, Soul-Pop Band The King’s Parade Releases New Single ‘Brother’ | Music News, Belgium Singer Matteo Terzi Unveils Second Single ‘Incredible’ | Music News, London Band PREP Releases New Single ‘Carrie’ | Music News, The Five Most Popular Soap Opera Stars of All Time | TV News, Dev Patel To Star In Chippendales True Crime Movie From ‘I, Tonya’ Director | Film News, Selena Gomez To Star In Horror-Thriller ‘Dollhouse’ | Film News, Anya Taylor-Joy, Chris Hemsworth & Yahya Abdul-Mateen II To Star in ‘Mad Max: Fury Road’ Prequel ‘Furiosa’ | Film News, Amazon Buys Sci-Fi Action Film Pitch ‘Raindrop’ | Film News. ", "Wu-Tang Clan producing one copy of new album Once Upon A Time In Shaolin", "You'll Never Hear the New Wu-Tang Clan Album, But This Is What It Sounds Like", "Wu-Tang Clan's 'Once Upon A Time In Shaolin' Album Seized At Airport", "Wu-Tang Clan Issue Statement to Clarify 'Once Upon a Time in Shaolin' Release", "Wu-Tang Clan's Method Man slams 'stupid' release plan for Once Upon a Time in Shaolin", "New Details Emerge On Wu-Tang Clan Secret Album Sale", "Martin Shkreli Plans To Bail-Out Bobby Shmurda", "Who Bought The Most Expensive Album Ever Made? Without a fan base paying for work, either directly or through advertising, how does an artist get paid and survive? Shkreli offered the requisite enthusiasm and money – and then came the Aids drug debacle. The moment Shkreli hit the news (and the Wu-Tang found out what kind of character they were dealing with) is described as “not just calamitous – this was Calamity walking into a bar, sweet-talking Catastrophe, getting really drunk together, smoking some crack and punching Fiasco in the face”. Other sounds include fire sirens, crowd applause, and a marching drum beat. Court transcripts revealed that as many as 120 chosen jurors gave reasons for why they couldn’t give him a fair trial.  RZA said that the sale was agreed before Shkreli's controversial price hike of the anti-infective agent Daraprim. A series of very funny slapstick high jinks and PR disasters follow, matched by colourful writing. An official track listing of the album was never revealed, but auction house Paddle8 was given an incomplete list of the working titles of the songs. He is due to be sentenced this month.
The idea was to challenge the Spotify culture that has devalued music to the point where only a handful of artists are making significant amounts of money. In July 2017, publishing house Macmillan released a memoir of the story behind the album written by Cyrus Bozorgmehr, a senior advisor to Cilvaringz and RZA on the album.
Yet still, near the end of the book, Bozorgmehr insists: “THIS WAS THE ARTISTIC STATEMENT – a clear symbol of what will happen unless we support our artists as a society by paying them a fair price and respecting the music we love.”. Group member RZA told Billboard that he has received a lot of offers with $5[…] Bozorgmehr is present for the whole misadventure and he writes with romantic fervour, allowing serendipity and fortune to rule the narrative much of the time.
Many fans reacted negatively to the news of the single-copy album.  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.  He promised to release the album free if Donald Trump won the 2016 US presidential election. Once Upon a Time in Shaolin is already up for offer. His analysis of how streaming has affected the way in which music is consumed is spot on. Is it down to the artists to decide? Prosecutors argue that he should give up assets including $5m in a brokerage account, his interest in Turing Pharmaceuticals and a Picasso painting – to RZA’s displeasure, Shkreli sold Once Upon a Time in Shaolin on eBay in September, for just over $1 million.  The case was later dismissed after Jason Koza was found to have sold prints using the Wu-Tang logo without consent. , In January 2016, Shkreli told Vice that he had considered destroying the record or "installing it in some remote place so that people have to make a spiritual quest to listen". Cyrus Bozorgmehr’s book is a highly entertaining account of these events. Listen on iTunes here, on Acast here or via the player below: This article appears in the 04 January 2018 issue of the New Statesman, Young vs Old, › Yes, we leave the EU customs union after Brexit. No one could tell if this was an elaborate prank or if Once Upon a Time really had been created to elevate music to art.