A one-of-a-kind album recorded by the Wu-Tang Clan and sold at auction to the disgraced pharmaceutical executive and hedge fund manager Martin Shkreli has been purchased by an anonymous buyer for an undisclosed sum of money, the federal prosecutors who seized the album three years ago said. Jacquelyn M. Kasulis, the acting United States Attorney for the Eastern District of New York, announced the sale of the one known copy of the album, “Once Upon a Time in Shaolin,” in a news release on Tuesday. The terms of the sale required the government to keep the purchase price and the buyer secret, but the sale satisfied the balance that Mr. Shkreli had owed the government, according to the news release. The buyer was a group of people or a company, rather than an individual, according to a person with knowledge of the sale. The unique album — more akin to a piece of fine art than a standard record — was seized by the government in 2018 after a judge said that it could be used to pay part of the $7.36 million that Mr. Shkreli owed.

Source: New York Times July 27, 2021 17:54 UTC