What We Do
The Sovereign Art Foundation is a charity registered in Hong Kong and the UK that raises money to help disadvantaged children using the arts as rehabilitation, education and therapy. It was established in 2003 and runs the annual Sovereign Art Prizes in Asia, Africa and Europe.
The Sovereign Art Prizes are visual arts prizes established to give recognition to some of the most important artists of our time.
Held annually, the Sovereign Art Prizes invite entries from established artists nominated by our board of experts.
Entries are judged by a panel of art experts and professionals from the region who select the best 30 from a digital image. These 30 are then exhibited in a prominent public space.
The announcement of the first and public prizewinner is made during the exhibition or auction dinner. The public prize is awarded to the piece which receives the most votes from those who attend the exhibition or cast their votes through the Foundation website. The first prize is US$25,000 in Asia and Euros 25,000 in Europe.
With the exception of the winning entry, which becomes the property of the Foundation, all art works are sold by auction during a special charity dinner. The proceeds are split between the artist and the Foundation. So the artist receives the same split as they would through a gallery except higher prices are normally achieved by generous bidding from our charity patrons. The auctions have acted as a spring board, enabling many mid-career artists to achieve record prices, great publicity and a wider audience for their work. Notable successes have included: Rashid Rana, Qi Zhi Long and Haris Purnomo among others.
We aim to cover the costs of the exhibition and auction events from sponsorship from The Sovereign Group and others leaving funds raised at the auction to be distributed without dilution to charitable artistic causes.
The aim of the Foundation is to use the collection of winners for charitable purposes. We loan the paintings to organisations who have assisted us and others. This gives further exposure to the artist. Long term we hope and expect to donate the collection to a suitable museum, house it in a permanent public home of our own, sell it and apply the funds to charity or something else which will benefit the artist and assist the charitable aims of the Foundation. What we decide to do with the collection will depend on the quality of the collection and the possibilities at the time.
The first Asian prize took place in 2003. Due to overwhelming success the Foundation expanded to London and the Sovereign European Art prize was established in 2005.
In 2004 we established the Sovereign Art Foundation Fellowship in conjunction with the Asian Cultural Council (ACC) (affiliated to the Rockefeller Brothers Fund). Since then the Foundation has also assisted various other worthy charitable artistic causes. Please see the list of Beneficial Charities here.
For more information about The Sovereign Group of companies please visit www.SovereignGroup.com