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Bids for Martin Shkreli's Wu-Tang Clan CD have topped $1 million

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Updated September 07, 2017 03:23 PM EDT

Martin Shkreli's Wu-tang Clan album is now bidding for over $1 million.

The current bid for Shkreli's Wu-tang Clan's "Once Upon a Time in Shaolin" album is at $1,000,200 as of Thursday afternoon.

The former pharmaceutical executive, aka "Pharma bro," listed his exclusive album earlier this week and claims that he will donate half of his sale proceeds to "medical research."

He later said on the listing that he will not donate the proceeds unless he gets a confirmation from a non-profit organization or a charity that they will accept the donation.

"At any time I may cancel this sale and I may even break this album in frustration. I will donate half of the sale proceeds to medical research," he wrote on eBay. "I am not selling to raise cash--my companies and I have record amounts of cash on hand. I hope someone with a bigger heart for music can be found for this one-of-a-kind piece and makes it available for the world to hear."

Shkreli earned the name "Pharma Bro," after he raised the price of a life-saving AIDS drug Daraprima by 5,000%. Shkreli was recently convicted in August of three counts of securities fraud and now faces up to 20 years in prison.

Martin Shkreli, aka "Pharma bro," has listed his Wu-tang Clan album "Once Upon a Time in Shaolin" on eBay, claiming that half the proceeds will go to "medical research."

Shkreli reportedly purchased the album for $2 million in 2015 and listed the item on eBay late Tuesday.

“I decided to purchase this album as a gift to the Wu-Tang Clan for their tremendous musical output," he said on eBay. "Instead I received scorn from at least one of their (least-intelligent) members, and the world at large failed to see my purpose of putting a serious value behind music."

“At any time I may cancel this sale and I may even break this album in frustration. I will donate half of the sale proceeds to medical research. I am not selling to raise cash--my companies and I have record amounts of cash on hand," he added.

Shkreli promoted the album on his Facebook page. The current bid for the album is at $98,000 as of Wednesday morning.

He vowed to destroy all copies of the music in his possession after the sale of the album.

Shkreli was recently convicted in August of three counts of securities fraud after he raised the price of a life-saving AIDS drug Daraprima by 5,000% when he was CEO of Turing Pharmaceuticals. He now faces up to 20 years in prison.

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