K Foundation Burn a Million Quid was a performance art/ political exercise that took place in 1994, in which the K Foundation (an art duo consisting of Bill Drummond and Jimmy Cauty) burned cash in the amount of one million pounds sterling on the Scottish island of Jura. A single house brick that was manufactured from the fire’s ashes. This money represented the bulk of the K Foundation’s funds, earned by Drummond and Cauty as The KLF, one of the United Kingdom’s most successful pop groups of the early 1990s.
The incineration was recorded on a Hi-8 video camera by K Foundation collaborator Gimpo. In 1995, the film was toured around the UK, with Drummond and Cauty engaging each audience in debate about the burning and its meaning. Later that year, the duo pledged to dissolve the K Foundation and to refrain from public discussion of the burning for a period of 23 years. Despite this Drummond has spoken about the burning in 2000 and 2004. At first he was unrepentant but in 2004, he admitted to the BBC that he regretted burning the money.
The Daily Omnivore 
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