Turner Prize subversion The 1994 K Foundation award was an award given by the K Foundation to the "worst artist of the year". The Foundation commissioned more press adverts, instructing readers to "Abandon all art now" and then inviting them to vote for the worst artist of the year. The 1993 Turner Prize was being judged at the same time, and, perhaps not coincidentally, both awards had the same shortlist of four artists. The prize being offered by Drummond and Cauty was £40,000 which was double the £20,000 offered for the Turner Prize. Channel 4 Television broadcast coverage of the Turner Prize, during which three more K Foundation adverts were broadcast — these announced the "amending of art history". During the evening, Rachel Whiteread was announced as the winner of both the Turner Prize and the K Foundation award. Whiteread initially refused to accept the K Foundation prize, but after being told that the money would be incinerated, she reluctantly accepted, with the intention of donating £30,000 to artists in financial need and the other £10,000 to the housing charity, Shelter. Money: A Major Body of Cash During the buildup to the presentation of the K Foundation art award to Rachel Whiteread on 23 November 1993, the K Foundation presented their first artwork to the press. Nailed To A Wall, "the first of a series of K Foundation art installations that will also include one million pounds in a skip, one million pounds on a table and several variants on the theme of Tremendous Amounts Of Folding", consisted of one million pounds in £50 notes, nailed to a large framed board. Nailed To A Wall had a reserve price of £500,000, half the face value of the cash used in its construction, which Scotland on Sunday'''s reporter Robert Dawson Scott was "fairly confident... really was £1 million [in cash]". The catalogue entry for the artwork stated: "Over the years the face value will be eroded by inflation, while the artistic value will rise and rise. The precise point at which the artistic value will overtake the face value is unknown. Deconstruct the work now and you double your money. Hang it on a wall and watch the face value erode, the market value fluctuate, and the artistic value soar. The choice is yours." Collectively, the K Foundation's money-as-art works were titled Money: A Major Body Of Cash, "seven pieces, all