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Eventually the convoy reached a field patrolled by two orange-painted K-F Saracen armoured cars, driven by Drummond and Cauty, broadcasting 'K Sera Sera' and Abba's 'Money Money Money'. Silver bearded Mr Ball, the compere with a megaphone directed the witnesses to nail their wad of money to a board inside a gilt frame, to assemble the K- F's prize. Unfortunately some of the witnesses pocketed all or some of their wad, and the prize money was 8600 short, which the K-F had to make up. Mr Ball also directed the witnesses to "view the art": A Million pounds in 50 pound note wads, nailed to a large framed board. The K-F's first art work, 'Nailed To A Wall'.
All the witnesses were visibly impressed by this sight. When an artist complained that it wasn't a work of art, as it wasn't signed, Mr Ball deadpanned "I think you'll find that every note is signed sir". The witnesses were made to hand over a 10 pound note as payment for an art catalogue. Half of each note was returned to the witness. The reserve price of the works has been set at half the face value of the cash involved. Nailed To The Wall - face value a cool million - is up for sale at 500,000 pounds. The catalogue states: "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." The point is simple: art as a speculative currency, and vice-versa. To put it more bluntly: Art equals Money, and Money equals Art.
Meanwhile three TV adverts costing exactly 20000 pounds were being shown on Channel 4 in between the live coverage of the real award ceremony. Since Channel 4 funded the Turner prize, the K-Foundation were in effect paying for both awards. These ad's, available in the ftp archive, explain that the K-F are currently amending the history of art at a secret location. Rachel Whiteread won the Turner prize too, and absolutely no mention of the alternative award was made in the Turner studio discussion, an act of crass cowardice and stupidity by the Channel 4 programme makers which confirmed all the points about the modern art establishment that the K-F were trying to make.| Back to Table of Contents |