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Second edition of the Victor Pinchuk Foundation's $100,000 Future Generation Art Prize is announced
Damien Hirst, Jeff Koons, Andreas Gursky and Takashi Murakami are Mentor Artists for the Prize, providing advice and support for the winning artist.
KIEV.- Applications opened for the second edition of the biennial Future Generation Art Prize, launched by the Victor Pinchuk Foundation in 2009. The prize is supported by over 50 partner platforms all over the world. The winner will be announced in December 2012, coinciding with an exhibition of the shortlisted artists at the PinchukArtCentre in Kiev from October 2012 to January 2013.

Applications available online from February 6 to May 6, 2012, at the competition’s website

Damien Hirst, Jeff Koons, Andreas Gursky and Takashi Murakami are Mentor Artists for the Prize, providing advice and support for the winning artist. Andreas Gursky will present an exhibition of his own works at the PinchukArtCentre, Kyiv, Ukraine at the same time as that of the shortlisted artists.

The Prize is open to all artists up to the age of 35 with the aim of acknowledging and giving long-term support to a future generation of artists. The Prize is unique because of its global reach and highly democratic form of application via the Internet.

The winner will receive a total of $100,000: $60,000 as a cash award, and $40,000 toward the production of new work. An additional $20,000 will be allocated to fund artist-in-residency programmes for up to five other prize-winners.

The panel of jurors for the 2012 prize will be announced along with names of 20 artists shortlisted for the Prize in June 2012. The winner of the national PinchukArtCentre Prize 2011 also will participate, bringing the maximum number of artists in the exhibition to 21.

A distinguished international Board oversees the Future Generation Art Prize. In addition to chairman Victor Pinchuk and the four Mentor Artists, the Board’s membership includes Eli Broad, Dakis Joannou, Elton John, Miuccia Prada and art museum directors Richard Armstrong (Solomon R. Guggenheim Foundation and Museum), Glenn D. Lowry (The Museum of Modern Art), Alfred Pacquement (Musée nationale d’art moderne, Centre Georges Pompidou) and Sir Nicholas Serota (Tate).

Commenting on the launch of the 2nd edition of the Future Generation Art Prize, founder Victor Pinchuk said: “With our prize, we don’t want to reward the past, but inspire the future. We want to act as social investors into the arts. Our prize is the equivalent of an incubator for start up businesses. Everybody can apply, from everywhere. The best get advice and resources for new work and a chance to present themselves to the world. For me this is an exciting social investment, creating inspiration for societies”.

The winner of the 2010 Main Prize was Brazilian artist Cinthia Marcelle, whose work encompasses films, photographs and installations. Her work was presented in a solo exhibition at the PinchukArtCentre from 29 October 2011 to 8 January 2012.



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