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Attendee Handbook to the First Installment of Money: A Major Body of Cash
K Foundation
London: K Foundation, 1994. 28 loose leaves, offset printed, photocopied or laserprinted, some on embossed K Foundation stationary. Housed in a printed folder. In 1994, Bill Drummond and Jim Cauty of the musical project KLF, or Kommunication Liberation Front, set up the post-situ group K Foundation in order to rid themselves of the money accumulated from their bestselling singles and albums. Their first project was the creation of the K Foundation Award, a prize of 40,000 pounds to be awarded to the worst body of work produced in the previous 12 months. The price was twice the amount of the Turner Prize, which it clearly was commenting upon; the list of finalists for each award was the same. Running up to the prize, K Foundation ran advertisements on Channel 4, which are reproduced here, as well as invoices for the cost of the ads, correspondence with lawyers, and correspondence with a representative of Rachel Whiteread, who at first sends along Whiteread’s banking info to receive the prize; also included is another reproduction of a letter in which the representative conveys Whiteread’s outrage at the nature of the prize, and asks the K Foundation lawyers not to use this information.  Shortly after Whiteread won the Turner, she was also announced as the winner of the K Foundation prize. Whiteread initially refused to accept the 40K, at which point K Foundation decided to burn the money at an undisclosed location in front of 40 attendees, who would be part of a motorcade to this undisclosed location. We suspect that this is a handbook made up for attendees. When Whiteread heard of the plan to destroy the money she at the last moment changed her mind and accepted it on condition that the money would be donated to artists in need and a housing charity, and the event didn’t happen. Rare documentation of the proposed event; if this was produced as an attendee handbook, then it is doubtful that more than 40 copies were produced. Though no money was burnt on this night, the idea would culminate the following year in their most infamous action, The K Foundation Burn a Million Quid, in which the duo did exactly that on the island of Jura.  OCLC locates no holdings. Item #22680
Price: $750.00

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