Burn a Million Quid - K Foundation
Out of context: Reply #14
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- kezza_20
This single act is why I went to Art school.
Blew me away when I was 16
Art.
From Wiki:
A film of the event - Watch the K Foundation Burn a Million Quid - was taken on tour, with Drummond and Cauty discussing the incineration with members of the public after each screening. In 2004 Drummond admitted to the BBC that he now regretted burning the money.[33] "It's a hard one to explain to your kids and it doesn't get any easier. I wish I could explain why I did it so people would understand."[34] Rumor has it that the £1 million was "bought' from the Royal Mint - and was to be incinerated anyway (as notes that have become too fragile to remain in circulation usually are). It is reported that the £1 million actually cost the KLF £40,000 - the publicity generated by the "stunt" was well worth the financial outlay.[citation needed] However this seems unlikely; Banknotes deemed for destruction have to suffer that fate at the Mint, they cannot be sold. Equally, when the ashes of the notes were sent to the Bank of England for analysis so it could be confirmed they were the remains of £1 million in £50 notes, the Bank refused to touch them as they could not believe anyone in the public domain would willingly destroy their banknotes. The K-Foundation had to use an independent analysis company to confirm they were the remains as claimed.