01.01.2021
Page 1 of 5 1234 ... LastLast
Results 1 to 15 of 61

Thread: Once Upon a Time in Shaolin has been SOLD by the U.S. Government - CNBC

  1. #1
    PRODIGAL SUN JZA/Jordon's Avatar
    Join Date
    May 2014
    Posts
    1,081
    Rep Power
    13

    Default Once Upon a Time in Shaolin has been SOLD by the U.S. Government - CNBC


  2. #2
    PRODIGAL SUN JZA/Jordon's Avatar
    Join Date
    May 2014
    Posts
    1,081
    Rep Power
    13

    Default

    Paging @cilvaringz

  3. #3
    #halmustgo Hal Incandenza's Avatar
    Join Date
    Apr 2014
    Location
    THE MIDNIGHT MEAT TRAIN
    Age
    44
    Posts
    21,708
    Rep Power
    10

    Default

    Does the new owner have the right to capitalize on the album?

    I take it legally speaking the terms and conditions of the contract with Shkrellz are now null and void

    Will we get to hear it? Who knows. I wonder if a record company (or its parent company) shelled out for this

    could be a private buyer too I guess ... maybe even RZA and/or Cilvaringz

    NON IGNORANTS *** A-1 STEAK SAUCE *** THE MATLOCK

    Come build with the gawd
    https://the5thstate.wixsite.com/5thstate

  4. #4

  5. #5
    Shaolin Student
    Join Date
    Dec 2002
    Posts
    310
    Rep Power
    24

    Default

    https://www.justice.gov/usao-edny/pr...e-fund-manager

    Earlier today, the United States sold the sole copy of the Wu-Tang Clan album “Once Upon a Time in Shaolin” (the “Album”) which had previously been ordered to be forfeited as a substitute asset in connection with the approximately $7.4 million forfeiture money judgment (Forfeiture Money Judgment) entered against Shkreli at his March 2018 sentencing. Proceeds from the sale of the Album will be applied to satisfy the outstanding balance owed on the Forfeiture Money Judgment. The contract of sale contains a confidentiality provision that protects information relating to the buyer and price.

  6. #6
    #halmustgo Hal Incandenza's Avatar
    Join Date
    Apr 2014
    Location
    THE MIDNIGHT MEAT TRAIN
    Age
    44
    Posts
    21,708
    Rep Power
    10

    Default

    I (mis)interpreted that as in the FBI can't say who bought it, but the buyer can come forward of his own volition? Or does that confidentiality work both ways?

    NON IGNORANTS *** A-1 STEAK SAUCE *** THE MATLOCK

    Come build with the gawd
    https://the5thstate.wixsite.com/5thstate

  7. #7
    Shaolin Student
    Join Date
    Dec 2002
    Posts
    310
    Rep Power
    24

    Default

    Quote Originally Posted by Hal Incandenza View Post
    I (mis)interpreted that as in the FBI can't say who bought it, but the buyer can come forward of his own volition? Or does that confidentiality work both ways?
    I took it as, although the government has to release the information of the sale to the public, this is why the information of who bought it was not included.

    Far as the various terms regarding the album, it seems like it just transfers to the new buyer:

    The Album is subject to various restrictions, including those relating to the duplication of its sound recordings.

  8. #8
    Prince of the Weirdos
    Join Date
    Jun 2009
    Posts
    3,535
    Rep Power
    33

    Default

    I do not give a damn who bought it or how much it sold for, I just want to know can it be released now or not

  9. #9

    Default

    Surely whoever bought it must be cool because firstly who’s gonna fork out all that cash in the first place if they’re not a true Wu fan? and secondly be a jerk about after the whole Shkreli debacle?


    Looks promising though?

  10. #10
    PRODIGAL SUN JZA/Jordon's Avatar
    Join Date
    May 2014
    Posts
    1,081
    Rep Power
    13

    Default

    Interesting being a governmental transaction that it is anonymous… in price and buyer.

    i think whoever bought it will leak it for that reason alone.

    /wishful thinking

  11. #11
    nada ignorante
    Join Date
    Jul 2005
    Location
    Brazilian Jungle
    Posts
    2,887
    Rep Power
    35

    Default

    How long did we have to wait 88 years? LOL this is gonna get leaked someday
    N.I.

  12. #12
    Veteran Member rgu2002's Avatar
    Join Date
    Mar 2003
    Location
    Moscow
    Age
    39
    Posts
    628
    Rep Power
    22

    Default

    Good news!
    Nobody fucks with The Realest fan of Wu, R-G-to the U, two thousand and two !



  13. #13
    VogeltjesDansBende lid Jet Set's Avatar
    Join Date
    Feb 2002
    Location
    tomorrow comes today
    Age
    37
    Posts
    4,779
    Rep Power
    29

    Default

    Quote Originally Posted by zooruka View Post
    Surely whoever bought it must be cool because firstly who’s gonna fork out all that cash in the first place if they’re not a true Wu fan? and secondly be a jerk about after the whole Shkreli debacle?
    Looks promising though?
    You never know though. It could also just be used as a tax write off, as often happens in the art world. This could just be another example.
    Wu-Tang: failing the internet tubes since 1997

  14. #14
    Corny Nuh! Capitalizing Cilvaringz's Avatar
    Join Date
    Feb 2002
    Posts
    1,792
    Rep Power
    10

    Default

    6 years later... still headlining every major media outlet.. what a story

  15. #15
    Out Here Sky Blue Bally Kid's Avatar
    Join Date
    Dec 2003
    Location
    N.I. Lockdown Bunker
    Posts
    6,318
    Rep Power
    70

    Default

    The buyer likely put the confidentiality provision in place rather than the Gov. Sorry guise this is likely sitting in some hedge fund managers safe right now. Lawyer representing the buyer is from New York so read into that what you will...

    When I'm writing in my room







    It's like a child that's fighting in the womb


    - KP -

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •