was all ploughed back into their extravagant productions. Cauty told an Australian Big Issue writer in 2003 that all the money they made as The KLF was spent, and that the royalties they accrued post-retirement amounted to approximately one million pounds: Initially The KLF's earnings were to be distributed by way of a fund for struggling artists managed by the K Foundation, Drummond and Cauty's new post-KLF art project, but, said Drummond, "We realised that struggling artists are meant to struggle, that's the whole point." Instead the duo decided to create art with the money. Nailed to the Wall was the first piece of art produced by the Foundation, and the major piece in their planned art exhibition, Money: A Major Body of Cash. Consisting of one million pounds in cash nailed to a pine frame, the piece was presented to the press on 23 November 1993 during the buildup to the Foundation's announcement of the "winner" of their "worst artist of the year award", the K Foundation art award. Decision and burning During the first half of 1994, the K Foundation attempted to interest galleries in staging Money: A Major Body of Cash, but even old friend Jayne Casey, director of the Liverpool Festival Trust, was unable to persuade a major gallery to participate. The Tate, in Liverpool, wanted to be part of the 21st Century Festival I'm involved with,' says Casey. 'I suggested they put on the K Foundation exhibition; at first they were encouraging, but they seemed nervous about the personalities involved.' A curt fax from [...] the gallery curator informed Casey that the K Foundation's exhibition of money had been done before and more interestingly", leaving Drummond and Cauty obliged to pursue other options. The duo considered taking the exhibition across the former Soviet Union by train and on to the United States, but no insurer would touch the project. An exhibition at Kilmainham Jail in Dublin was then considered, but no sooner had a provisional August date been set for it than the duo changed their minds yet again. "Jimmy said: 'Why don't we just burn it?' remembers Drummond. 'He said it in a light-hearted way, I suppose, hoping I'd say: 'No, we can't do that, let's do this...' But it seemed the most powerful thing to do." Cauty: "We were just sitting in a cafe talking about what we were going to spend the