UPDATED | 09.21.2017 @ 5 AM EDT: I suppose the most newsworthy bit of the HIPHOP DX story overnight (aside from the fact that it seems almost all bidders were sock puppets) is that Fox Rothchild, a large and well-regarded law firm — one (more!) that is owed quite a bit of money (as we reported in March of 2016 at another property of ours) from its various prior civil defenses of Mr. Shkreli…
Is now running a completely separate “private auction” for the two CD set — and all but ignoring the actual EBay “winner“. Do go read it all, at the link. Great stuff.
To my eye, this suggests that Fox Rothchild may have (long prior to the criminal trial — perhaps prior even to his arrest, in December 2015) secured a lien against this asset — then nominally belonging to Mr. Shkreli. And should the law firm succeed in getting $1 million or more in cash, for the item (by largely ignoring EBay rules), that money may first go to pay at least some part of Fox Rothchild’s long overdue bills.
Perhaps the firm even encouraged Mr. Shkreli to run a faux EBay auction, to tease up publicity for the real, and serious privately bid auction, it was/is allowed to run, by prior written pledge agreement. That is called a “stalking horse” auction, and it is uniformly prohibited by EBay’s rules. But the firm likely did not foresee his being jailed — for national security threats. [The last two paragraphs are my conjecture, solely.]
Looking at the overall narrative arc here, I couldn’t make up a more twisted and yet fascinating story, if I tried. [End, updated portion.]
News, tonight — on the Wu CD set EBay auction being sock puppets... at least in substantial parts.