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Wu-Tang Clan offered millions for their exclusive album

Wu-Tang Clan is auctioning off a special album. The highest bid so far is $5 million.
Wu-Tang Clan is auctioning off a special album. The highest bid so far is $5 million.
Photo by Jason Merritt/Getty Images

Last week, the Wu-Tang Clan announced that they had been recording an album in secret, and only one copy of the album will be released.

Offers for the album, entitled "The Wu — Once Upon a Time in Shaolin" have started coming in, with the highest offering coming in yesterday at $5 million.

This move by the New York hip hop group was questioned by many who weren't sure how successful it would be. Clan leader RZA told Billboard:

I don't know how to measure it, but it gives us an idea that what we're doing is being understood by some. And there are some good peers of mine also, who are very high-ranking in the film business and the music business, sending me a lot of good will. It's been real positive.

The album contains 31 tracks and was produced by Cilvaringz. It comes in a hand-carved nickel-silver box. The Clan's goal was reportedly to make a statement about contemporary art.

The intrinsic value of music has been reduced to zero. Contemporary art is worth millions by virtue of its exclusivity. This album is a piece of contemporary art.