No, that is not what it cost to produce it. That’s what they want one person to pay. And by one person, I mean literally one because they are only manufacturing one single copy. It’s apparently a double album titled ‘Once Upon A Time In Shaolin’ that has taken the prolific group twenty plus years to finish. They will tour it through museums and the like before the final sale, with an entrance fee of $30-50 and heavy security to make sure no recording devices find their way anywhere near it. RZA and crew seem to be on a mission to turn music back into an collectible piece of art and its an interesting point, although one could argue that charging a million dollars for an album does equal harm to the “value” of music as giving it away for free does. At least people hear it when it’s free and can make a choice to financially support a band and their music by buying hard merchandise, attending shows etc. To me, someone owning a million dollar record just means they probably have more money than they need. Bragging rights among rich buddies doesn’t add any value to a composition of music.
“The idea that music is art is something we have advocated for years. And yet its doesn’t receive the same treatment as art in the sense of the value of what it is, especially nowadays when it’s been devalued and diminished to almost the point that it has to be given away for free. We’re making a single-sale collector’s item,” said RZA, “This is like somebody having the scepter of an Egyptian king.”
Well, at least they’ll know who leaked it online I guess. If you care, the full interview and explanation is right here on Forbes.com. Obviously.