"Watch the K Foundation Burn a Million Quid"
On 23 August 1994 the K Foundation (art duo Bill Drummond and Jimmy Cauty) burned one million pounds in cash at a disused boathouse on the Scottish island of Jura.
The money represented the bulk of Drummond and Cauty’s earings as The KLF, a successful 1990’s British pop group. The incineration was recorded on a Hi-8 video camera and later released as the film “Watch the K Foundation Burn a Million Quid”
In November 1995, the duo pledged to dissolve the K Foundation and to refrain from public discussion of the burning for a period of 23 years, Drummond however, spoke about the burning in 2000 and again in 2004. At first he had been defiant but in a 2004 interveiw with the BBC, he admitted that he regretted burning the money.