The Sovereign Asian Art Prize
The Sovereign Asian Art Prize is now in its 12th year and is the most established prize for contemporary arts in the region. For the first time in the history of the Prize, The 2014-15 Sovereign Asian Art Prize accepted sculpture as a medium of artwork entry, and we were pleased to see a number of sculptures made it into the finalist round. If you are an artist and have been nominated to enter this year's prize, please click here to enter.
Entry into the Asian Art Prize is through nomination. The Sovereign Art Foundation annually appoints a number of independent art professionals from around the Asia Pacific Region who select the best mid-career artists from within their territory to enter the prize. Each nominated artist can enter up to three artworks into the competition. Entries are then presented to a panel of judges who shortlist 30 finalists.
The 30 shortlisted artworks are then brought to Hong Kong and exhibited in a public space. The judges then score the artworks live and select a winner, who is then awarded a prize of US$30,000, a trophy and the prestigious title. The winning artwork becomes property of The Sovereign Art Foundation (who then lends the work out to patrons, partners and institutions) and the remaining 29 finalist artworks are sold at auction with the proceeds being split evenly between the artists and The Sovereign Art Foundation's charitable activities across the region.
To encourage interaction with the prize and to increase exposure for the artists, the public are invited to cast their vote online or in person for their favourite artwork displayed in the exhibition. This artist is then awarded The Schoeni Prize and US$1,000.