Lawyer who negotiated Pharma Bro’s Wu-Tang album deal says the customer will quickly go public
Earlier this week, the Justice Department announced that it had sold “Once Upon A Time In Shaolin,” the unique Wu-Tang Clan album originally purchased by the infamous pharmaceutical broker Martin Shkreli. While the deal kept the buyer and the selling price in secret, the attorney who negotiated the deal tells the press that the buyer … or buyer … will soon reveal himself.
Backed the deal for the buyers, Peter Scoolidge of Scoolidge, Peters, Rossatti & Fox LLP told CNBC that while the deal contained a confidentiality clause, the deal won’t keep the public in the dark forever:
The lawyer also said on Wednesday that the previously secret buyer of the album will “identify himself in the future, I would say in the next 30 to 60 days”.
Given his previous work representing the album’s co-producer Tarik “Cilvaringz” Azzougarh, CNBC has speculated that someone associated with the Wu Tang clan may have purchased the album themselves. An interesting prospect, but a strange one if the unicorn’s point of an album was to allow a fan to do it. While Cilvaringz and RZA keep a 50 percent stake in the album, they may just want to get the whole thing back together before trying to sell it again.
“That was the most interesting deal I’ve ever worked on,” Scoolidge told CNBC.
I would definitely hope so.
The mysterious buyer of Martin Shkreli’s forfeited Wu Tang Clan album will soon reveal his identity, lawyer says [CNBC]
Earlier: DOJ sells Martin Shkreli’s $ 2 million Wu-Tang album