The Victor Pinchuk Foundation announced the establishment of the Future Generation Art Prize December 8th, 2009

On 8 December, the Victor Pinchuk Foundation announced the establishment of the Future Generation Art Prize (FGAP), 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 launch of the Prize took place at the Gramercy Park Hotel in New York. Eckhard Schneider, General Director of the PinchukArtCentre, Andreas Gursky and Jeff Koons, both are Mentor Artists of the Future Generation Art Prize presented the new award for young artist during the event.

“Our first goal in establishing this Prize is to reach out to the world’s younger artists on a truly democratic basis, so that virtually everyone has the opportunity to participate,” stated Eckhard Schneider. “Our second goal is to provide sustainable support for the future generation, by bringing the most promising of these young artists into a network that includes curators, critics, educators, scholars and some of the world’s most celebrated artists.”

Richard Armstrong (Director of Solomon R. Guggenheim Foundation and Museum, Member of the FGAP Board), Eli Broad (Associated with LACMA and MoMA, Broad Foundation, Member of the FGAP Board), Sam Keller (Director of Foundation Beyeler), Tom Krens (Director of Global Cultural Assets Management), Lisa Phillips (Director of New Museum of Contemporary Art), Ann Clarke (Dean of College of Visual and Performing Arts, Syracuse), Victor Pinchuk (Founder of the Future Generation Art Prize) and others joined the presentation.

Online application will open on January 18, 2010, on the: www.futuregenerationartprize.org