COPYRIGHTS - Wu Tang's $1M sale

As long as they sell the rights, and not the album, a first sale would not exhaust copyrights.

But that doesn't seem to be the plan: "the iconic hip-hop collective will make and sell just one copy of the album."

More here.

Here is Wikipedia's entry on the First Sale Doctrine.

Here is the DoJ's take on the doctrine:

The first sale doctrine, codified at 17 U.S.C. § 109, provides that an individual who knowingly purchases a copy of a copyrighted work from the copyright holder receives the right to sell, display or otherwise dispose of that particular copy, notwithstanding the interests of the copyright owner. The right to distribute ends, however, once the owner has sold that particular copy.