The Band That Burnt a Million British Pounds

[Delhommey]

Almost $2.2 million in today's money:

On 23 August 1994, the K Foundation (Bill Drummond and Jimmy Cauty) burnt one million pounds sterling in cash on the Scottish island of Jura. 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 duo have never fully explained their motivations for the burning.

http://video.google.com/videoplay?docid=611972753567740682#

[Kevin Greene]

The duo have never fully explained their motivations for the burning.

Stupidity.

[KillerKat]

Aren't pounds double the value of the US dollar?

[Delhommey]

Currently appx 1.5. I took inflation into account. Regardless, it was a lot of money and was probably the bulk of their wealth at the time.

Unbelievably cool stunt, IMO. Also, consider that they walked away from music at the height of their fame (their last show was a British awards show).