K Foundation Burn a Million Quid
en.wikipedia.org
en.wikipedia.org
There's even a community of people who go around and burn money. People have destroyed about £8K so far!
https://www.burnyourmoney.org/
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From the past on HN, this one has the most comments I think: https://news.ycombinator.com/item?id=34649326
If they just destroyed some fake money would it have such a powerful response?
For me it makes me think about spectacle, attention, what gets people's eyes on something. It gets your attention therefore it has worth. It might be "art" because people talk about it or hate it. If we don't like it should we not pay attention to it?
Like those anti oil protestors, the aim is not to stop oil or disrupt people, it's to get attention to their cause. Thinking more widely this leads me to think about how there's a whole portion of the economy that is devoted to attention.
Neither Bill Drummond nor Cauty would be considered upper class, this stems more from being students in the 1970s, grifting hard on any job that makes ends meet while working in music, becoming virally rich and wanting to make a statement with money they didn't feel they had earned in a sense.
Drumond has some retrospective thoughts on the burning, mad in hindsight .. but somehow seemed like a good idea at the time.
Ebeneezer Goode may have played a part here.