Last year multiple Kickstarter campaigns were launched by Wu-Tang Clan fans. These fans were hoping to raise enough money to collectively buy Wu-Tang’s one-off Once Upon a Time In Shaolin album.
Wu-Tang is going to sell the album to the highest bidder. Last year the group said they already had a bid of $5 million.
Unsurprisingly, both Kickstarter campaigns failed to reach their $5,000,000+ goals. And even if they hadn’t failed to raise funds, they might not have been able to actually buy and disseminate the album.
A bidding website has been set up on Paddle8, an online fine art auction site.
Forbes reports that the winning bidder won’t be able to commercially release the album for 88 years. Wu-Tang member RZA said:
“Owning a Picasso doesn’t mean you can sell prints or reproductions, but that you’re the sole owner of a unique original. And that’s what Once Upon a Time in Shaolin is. It’s a unique original rather than a master copy of an album.”
The group says they’re doing this to bring value back to music.
Nina Ulloa covers breaking news, tech, and more: @nine_u