In the spring of 2004 a fire burned down a warehouse in East London that happened to contain many well-known works of Britart. Interestingly, the reaction of most of the public was not grief and sympathy for the artists and owners of the work that was lost, but rather something varying between a guffaw of gloating shadenfreude and a dismissive shrug of contempt.
Some examples on blogspot:
http://museumofmadness.blogspot.com/2004/05/god-hates-bad-art.html
http://thersiteswrites.blogspot.com/2004/05/i-dont-know-much-about-art-but-i-know.html
http://fence.blogspot.com/2004_05_01_fence_archive.html
http://stevenallen.blogspot.com/2004/06/warehouse-fire-may-be-art-son.html
Tracey Emin was not amused:
http://news.bbc.co.uk/1/hi/england/kent/3761851.stm
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