AIDS Meds Price Jacking Pharma Bro Buys Only Copy Of WuTang Album For $2 Million

This is like if two weird news stories had a baby. Pharma Bro just bought that new, one of a kind Wu-Tang Clan album for two million dollars. This is a really, odd, strange baby.

Pharma Bro 2016!

  • You may remember Martin Shkreli AKA “Pharma Bro” – the giant douche nozzle hedge fund trader who this past September purchased the lifesaving drug Daraprim which is used to help cancer and AIDS patients.
  • Shkreli then promptly raised the price of the drug from $13.50 a pill to $750, an insane %5000 increase that brought down on him the wrath of the internet, presidential candidates and I believe even ISIS thought this guy was a bit extreme.
  • Back in 2014 RZA, the producer and leader of the iconic rap group Wu-Tang Clan announced that the Wu would be coming out with a munch anticipated new album.
  • Only their legion of fans wouldn’t be able to purchase it. Only one copy of “Once Upon a Time in Shaolin” would be created and auctioned off as a one of a kind piece of artwork. Something a collector of fine works would be able to enjoy while sipping 200 year old wine found in a ship wreck on the bottom of the sea.
  • RZA said; “We’re making a single-sale collector’s item. This is like someone having the scepter of an Egyptian king.”
  • The album has 31 tracks created by all of the surviving members of the group and comes in a hand carved box with a leather bound book of parchment paper featuring the lyrics and background on the songs. I would hate to be the guy that scratches that CD.
  • In response fans started a Kickstarter page to raise money to buy the album and keep it out of the hands of some a-hole millionaire who won’t even really care about it. However the poor Wu-Tang fans only raised about fifteen thousand.
  • It turns out that Martin Shkreli is a fan of the rap music, as was evidenced by this widely shared photo of the D-bag.
  • Shkreli is the one who paid two million dollars for the one of a kind album.
  • The buyer was anonymous and and made the purchase through an auction house. He could have remained anonymous, but crap- it was Pharma Bro so you know he has to brag.
  • Now I know what you are thinking; Pharma Bro strikes again! He’s just going to make copies of it and sell it to Wu-Tang fans for $500 dollars a pop.
  • As part of the purchase agreement, Wu-Tang is forbidding the buyer from reselling it!
  • Originally the contract said that they could not share the music for 88 years, but then RZA thought twice about it and said the buyer can do with it as they please- including destroying the only existing recording of the music!
  • RZA said that in selling the album they “spent months finalizing contracts and devising legal protections for a distinctive work whose value depends on its singularity.”
  • So what will Pharma Bro do with this one of a kind work of art? Take the CD and snort Panda Bear bone marrow off of it?
  • Maybe his long line of asshole descendants will pass it down from generation to generation and they can play it in public for the first time before the screening of that John Malkovich movie that will be shown for the first time 100 years from now.

Follow Phil Haney on Twitter @PhilHaney

Source: Bloomberg