from NME 11th Dec 1993 Letters Page:

ART WITH A CAPITAL F

Oh well done KLF, K Foundation or whatever stupid name you've thought 
up this week. What a victory for real art your little stunt was. So 
very witty! You've wasted a fortune on advertising what turned out to 
be little more than a pointless schoolboy prank.
    Having bought the attention of the nation, you just vaguely 
bitched away without offering anything positive. It had all the 
ironic dignity of Hooray Henrys setting fire to fivers in front of 
starving tramps. Except you didn't even have the guts to turn up at 
your own joke, preferring to hide away where no-one could take you 
and your dubious 'statement' to task.
    Art terrorism? My arse! Isn't about time you grew up?
                                                Neil Jones, Sheffield
WON'T GET FOOLED AGAIN?

Pop stars buy their way into the news by spending what is, for many, 
the equivalent of a lifetime's wages on full page newspaper ads, 
prime-time TV ads, cadillacs laid on for journalists, security and of 
course the 40,000 award for 'worst artist'. In attempting to 
undermine one spectacle they unwittingly create another; and it has a 
clearer message: Keep watching. We have a voice because we have the 
money. You don't. Stay at home. Keep watching - money rules.
    The K Foundation are not cultural terrorists. They are art 
critics by another name, who are on a different payroll. As such they 
fail to understand that the spectacle/spectator relationship is a 
staunch bearer of the capitalist order they are so critical of.
                    The Spectacle Of Radical Postures Inc, Manchester

editorial comment:

No doubt Messers Drummond and Cauty are reclining in their smoking 
jackets, complaining that they've been 'misunderstood'. They can only 
blame themselves - their failure to explain their actions in any way 
wasn't clever, merely pathetic.
    Anyone can moan, you know, and if you've (literally) got money to 
burn, you can moan louder than anyone else. It doesn't mean you've 
got anything to say, though - Ben Willmott