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[cranta crina <crina.cranta@gmail.com>]

$100,000 Prize, Mentorship by Renowned Artists and Exhibition at
PinchukArtCentre are Among the Benefits of Major New Award
KIEV, UKRAINE
On 8 December the Victor Pinchuk Foundation announced that it inaugurated
the Future Generation Art Prize <http://futuregenerationartprize.org/>, a
major new international competition for artists up to 35. Established to
discover and provide long-term support for a generation of emerging artists,
wherever they may live and work, this unique artist-focused prize aims to
make a major contribution toward the production of new work by young
artists.
The biennial Prize is distinguished by:

   - its global dimension;
   - its focus on a young generation of artists;
   - its open and democratic Internet application process;
   - the long-term commitment of leading artists of our time;
   - a distinguished Board, Jury and Selection Committee;
   - an exhibition of shortlisted artists at the PinchukArtCentre in Kiev,
   one of the largest and most active new contemporary art institutions in
   Europe;
   - and an award of $100,000, to be conferred by a respected international
   jury.

Applications for the Prize will become available online on January 18, 2010,
at the competition’s website, www.futuregenerationartprize.org. The
exhibition of shortlisted artists will open at the PinchukArtCentre (PAC) in
October 2010. The jury will announce the winner of the main prize in
December 2010, and up to five special prizes for artists who will be
provided with various forms of support.
To encourage the assistance of one generation of artists to the next, a
group of renowned Mentor Artists has committed its long-term participation
in the Prize and will provide in-person counsel and support to the Prize
winners, and one of the Mentor artists will have a parallel show at the same
time as each shortlist exhibition. The Mentor Artists are Andreas Gursky,
Damien Hirst, Jeff Koons and Takashi Murakami.
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).
Extending the reach of the Future Generation Art Prize, an invited group of
approximately one hundred arts professionals from around the world will
nominate artists for consideration. By combining the open application
process with these nominations, PAC aspires to achieve the participation of
a true global cross-section of the up-to 35 generation.

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