The Sovereign European Art Prize
"This sounds like an exciting award ... and I am sure will be an enormous success." Rt. Hon. Estelle Morris. Minister of State for the Arts 6 April 2005.
The Sovereign European Art Prize was launched on 7 April 2005 at London's Hayward Gallery, South Bank Centre. The development of the European Prize aims to build on the success of the Foundation's Asian Prize that was launched in 2003.
The European art prize runs on the same format as the Asian prize. Artists are invited to enter by sending through a digital photograph of their entry and these are judged by a panel of art experts and professionals who will select the best 30 entries. The Prize exhibition (featuring the work of the 30 short listed artists) will be held at a major London space later this year during which the first prize will be awarded. Also there will be a special prize voted for solely by the public who may cast their votes at the exhibition or on-line.
After the Exhibition the final 30 selections, apart from the winning work which becomes property of the Foundation, will be auctioned at a special charity event. 50% of the sales proceeds of each painting will go to the artist and the remaining 50% to the Foundation to help with its charitable work.