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The world's most expensive album has been sold by the US Government to an undisclosed person and for an undisclosed price.
The one-of-a-kind album by hip-hop royalty Wu-Tan Clan belonged to "phama bro" Martin Shkreli but was sold on Tuesday to settle what he owed on a $7.4m forfeiture order.
Shkreli was sentenced to seven years in prison for securities fraud in 2018 and was instructed to forfeit the album as part of his conviction.
The entrepreneur paid $2m in 2015 for the album, which is seen as the holy grail of the music industry, out pricing every album ever produced.
The Wu-Tang Clan worked on the the 31-track double album for six years which was limited to a single copy sold in 2015.
The Album includes a hand-carved nickel-silver box as well as a leather-bound manuscript containing lyrics and a certificate of authenticity.
In September 2017 Shkreli made an attempt to sell the album online, just weeks after his conviction, but he was sent to prison before the sale could go through.
Under strict rules that accompany the album no commercial exploitation of the music is allowed until until 2103.
Wu-Tan Clan made the album “both [as] a work of art and an audio artefact” but have been criticised for not making it available to their loyal fans.
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The U.S. Attorney’s Office for the Eastern District of New York confirmed the sale in a press release on Tuesday.
Acting U.S. Attorney Kasulis said: “Through the diligent and persistent efforts of this Office and its law enforcement partners, Shkreli has been held accountable and paid the price for lying and stealing from investors to enrich himself.
"With today’s sale of this one-of-a-kind album, his payment of the forfeiture is now complete."
Following a six-week trial in federal court in Brooklyn, Shkreli was convicted in August 2017 of two counts of securities fraud and one count of securities fraud conspiracy for orchestrating a series of schemes to defraud investors in the hedge funds and to manipulate the price and trading volume of Retrophin’s stock.
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