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According to RZA, the number eight was symbolic as there were eight original members of the Wu-Tang Clan, the numbers of the year 2015 add up to eight, Paddle8 has eight in its name, and a rotated eight is the symbol for infinity, used on their second album, Wu-Tang Forever.
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Legal agreements stipulated that the album could not be commercially exploited for 88 years, although it could be released free or played at listening parties. Once Upon A Time In Shaolin was auctioned through Paddle8 in 2015, which had previously sold works by artists including Jeff Koons, Julian Schnabel, and Damien Hirst. About 13 minutes of the album were played to the audience. Attendees were searched for recording devices. 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. On March 3, 2015, it was detained at JFK Airport for three hours while border control determined the contents of its box. The album was held in a silver jewel-encrusted box with a wax Wu-Tang Clan seal and leather-bound liner notes. we hope to inspire and intensify urgent debates about the future of music. 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. Contemporary art is worth millions by virtue of its exclusivity. The intrinsic value of music has been reduced to zero. 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. Inspired by musical patronage in the Renaissance, Wu-Tang producer Cilvaringz decided to create Once Upon a Time in Shaolin as an art object.
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It features the entire Wu-Tang Clan, plus rapper Redman, the Wu-Tang Killa Beez, FC Barcelona soccer players, Game of Thrones actress Carice van Houten, and two appearances from Cher. It took about six years to complete, and was recorded mostly in Staten Island, New York, and produced in Marrakech, Morocco. Wu-Tang Clan began working on Once Upon a Time in Shaolin in the late 2000s with producer Cilvaringz. In July 2021, the US Department of Justice sold it to non-fungible token collectors PleasrDAO for $4 million to cover Shkreli's debts PleasrDAO said they hoped to make it more widely accessible. In March 2018, following Shkreli's conviction for securities fraud, a federal court seized assets belonging to him, including Once Upon a Time in Shaolin.
The winning bidder was Martin Shkreli, the CEO of Turing Pharmaceuticals, who paid a reported $2 million.
A legal agreement with the purchaser stipulated that the album cannot be commercially exploited until 2103, although it can be played at listening parties. 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. The album was recorded in secret over six years. Purchased directly from the Wu-Tang Clan in 2015, it became the most expensive work of music ever sold.
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Only one physical copy of the album was created, with no ability to download or stream it digitally. Once Upon a Time in Shaolin is the seventh studio album by the American hip hop group Wu-Tang Clan.
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