Imitation / Flattery. Pt 2

Or is it just plain and simple plagiarism...? I recieve loads of eflyers about art exhibitions all over the place and this morning I got one for an exhibition at London's respected SPACE gallery for an exhibition entitled "MUMU - Malice and Misunderstanding" by Thomas Raat...

The featured piece of "work" (below) is credited to Raat, 2008.

And this (below) is the cover of the KLF's landmark electronic album "The White Room" from 1991. And of course as we all know, KLF used to call themselves The JAMS - Justified Ancients of MUMU.. Being obsessed with the mystical land and its people and frequently refering to it. They even did a rare concept album called "Waiting For the Rites of MU" complete with narration by Martin Sheen.... (Side note: Well worth a listen if you're in a dark mood)

The press release smugly admits that Raat is plaigarising deliberately - this is part of his "art" - because apparently it is "Reconstructing the dogmas that surround well known artworks and artists and highlighting the loss of Modernist ideals that has occurred"....

Sorry, but i just do not get the "art" world... Can anyone explain, or is it quite simply all a complete load of arse?