▁Bill ▁Dr um mond , ▁formerly ▁of ▁The ▁K L F , ▁in ▁ 1 9 9 3 , ▁following ▁their ▁' ret irement ' ▁from ▁the ▁music ▁industry . ▁The ▁Foundation ▁served ▁as ▁an ▁art istic ▁out let ▁for ▁the ▁du o ' s ▁post - ret irement ▁K L F ▁income . ▁Between ▁ 1 9 9 3 ▁and ▁ 1 9 9 5 , ▁they ▁spent ▁this ▁money ▁in ▁a ▁number ▁of ▁ways , ▁including ▁on ▁a ▁series ▁of ▁Situ ation ist - in sp ired ▁press ▁ad ver ts ▁and ▁extra v ag ant ▁sub versions ▁in ▁the ▁art ▁world , ▁foc using ▁in ▁particular ▁on ▁the ▁Turner ▁Prize . ▁Most ▁not or iously , ▁when ▁their ▁plans ▁to ▁use ▁bank notes ▁as ▁part ▁of ▁a ▁work ▁of ▁art ▁fell ▁through , ▁they ▁burn ed ▁a ▁million ▁pounds ▁in ▁c ash . ▁ ▁The ▁K ▁Foundation ▁announced ▁a ▁ 2 3 - year ▁mor ator ium ▁on ▁all ▁projects ▁from ▁November ▁ 1 9 9 5 . ▁They ▁further ▁indicated ▁that ▁they ▁would ▁not ▁speak ▁about ▁the ▁burning ▁of ▁the ▁million ▁pounds ▁during ▁the ▁period ▁of ▁this ▁mor ator ium . ▁ ▁Context ▁In ▁the ▁early ▁ 1 9 8 0 s , ▁British ▁music ian ▁and ▁artist ▁Jimmy ▁C aut y ▁was ▁the ▁guitar ist ▁in ▁an ▁under ach ieving ▁pop / rock ▁band , ▁Br illiant . ▁Br illiant ▁had ▁been ▁signed ▁to ▁W E A ▁Records ▁by ▁A & R ▁man ▁Bill ▁Dr um mond ,