from artnet

Martin Shkreli Sued for Allegedly Copying One-of-a-Kind Wu-Tang Clan Album

The lawsuit alleges Shkreli played the music on social media and bragged about it.

by Adam Schrader

Martin Shkreli outside the U.S. District Court for the Eastern District of New York, 2017. Photo: Drew Angerer/Getty Images.

The media-dubbed “pharma bro” Martin Shkreli, who served four years of a seven-year sentence in prison for securities fraud, is now facing a lawsuit alleging he copied the secret Wu-Tang Clan album he was forced to sell after his conviction.

Wu-Tang Clan, the pioneering hip-hop group formed on Staten Island in 1992, sold its album Once Upon a Time in Shaolin (2015) to Shkreli for $2 million in a 2015 auction by Paddle8. It was seized by the U.S. government, which sold it to PleasrDAO, a collective of digital art enthusiasts and cryptocurrency investors, for $4.75 million in 2021.

The album, released as a single physical copy enclosed in a handcrafted silver and nickel case, stands as a unique artistic statement that challenges the commodification and mass production of music in the digital age and draws parallels to fine art, a field where scarcity enhances value and significance. When the album was sold to PleasrDAO, the ownership deed came in the form of an NFT.

[ click to continue reading at artnet ]