The designer set fire to artefacts including concert posters, rare recordings and songs, and clothing from his personal collection at an event in London on Saturday (26Nov16).

"Welcome to the great punk rock swindle," he said, referring to the Sex Pistols movie The Great Rock 'n' Roll Swindle.

Corre, the founder of lingerie company Agent Provocateur, burned the collection to mark the 40th anniversary of the release of the Sex Pistols' Anarchy in the UK album.

His late father was the band's manager.

"Welcome to the final act in the establishment's celebration of punk, young London," Corre told the crowd. "Some people are very concerned about the price of these artefacts, but the conversation we need to have is about values. Punk provided an opportunity for the no future generation of the 1970s to create a way out of it. Not trust in the media. Not trust in the politicians. Investigating the truth for yourself."

"Punk was never, never meant to be nostalgic, and you can't learn how to be one (a punk) at a Museum of London workshop," he continued. "Punk has become another marketing tool to sell you something you don't need. The illusion of an alternative choice. Conformity in another uniform."

After Corre torched his own items, he set fire to mannequins dressed in vintage punk clothing. They were wearing masks featuring faces of several British politicians, including Boris Johnson, former leader David Cameron, and new Prime Minister Theresa May.

Many people have criticised Corre's actions, including Sex Pistols icon John Lydon, who told British newspaper The Metro, "If you're going to destroy £5 million worth of anything, isn't it better to sell it and give the money to charity? You selfish f**king lingerie expert. Why don't you burn your own bra?"

However, Corre's mother, fashion designer Westwood, supported her son's efforts.

"This is the first step towards a free world," she said at the event . "(It's) the most important thing you could ever do in your life."