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(Evening Standard/Getty Images)

(Evening Standard/Getty Images)

Corré says that he is burning the collection, which is worth approximately $7 million, in protest of the Punk London, which according to its website, is "a year of events, gigs, films, talks exhibits and more celebrating 40 years of punk heritage and influence in London." Corré says that celebrating punk as a cultural institution actually goes against the anti-establishment spirit that it aims to foster.

Said Corré in a statement:

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"The Queen giving 2016, the Year of Punk, her official blessing is the most frightening thing I've ever heard … Talk about alternative and punk culture being appropriated by the mainstream. Rather than a movement for change, punk has become like a [expletive] museum piece or a tribute act."

While is no confirmation as to whether or not Queen Elizabeth II actually gave her support to the "Year of Punk," the support would be rather ironic, especially when one considers that the Sex Pistols' most popular song is arguably "God Save The Queen," which accused her of running a fascist regime, and called into question her humanity.

Despite some critics calling Corré's actions nothing more than a show, he is moving along with his plans, and has asked other punk acts to join him in the $7 million bonfire.