The Sovereign Art Foundation has released the names of the 30 finalists for the 2012-13 Sovereign Asian Art Prize. Four artists and artist groups from Hong Kong and three artists from Singapore are in the running for the glittering award.
Sponsored by Swiss bank Julius Baer, the award is now in its 10th year and is dedicated to recognizing the efforts of Asia's foremost contemporary mid-career artists - the biggest of its kind in Asia. Over 300 nominations were received from 25 countries this year. The list includes Movana Chen, MAP Office, Lam Tung Pang and Morgan Wong from Hong Kong, and Debbie Ding, Zhao Renhui and Boo Sze Yang from Singapore.
The winner, who would receive USD$30,000 will be announced at a charity gala auction and dinner on Feburary 21 in Hong Kong. As is customary the winning artwork would become part of the Foundation's collection. The remaining 29% artworks will be auctioned off, with 50% of the proceeds going to fund art programmes run by M'Lop Tapang in Sihanoukville, Cambodia and by Kalki in Pondicherry India.
Howard Bilton, chairman of the Foundation, said of the initiative "We've have always believed in helping the poor help themselves and every kid likes art. Hopefully, by getting these kids interested in art, they would be more inclined to focus on other subjects."
Artworks of the 30 finalists will be exhibited at the Rotunda in Exchange Square, Hong Kong from 1st to 8th Feburary, after which it will travel to Seoul in mid-March and Singapore.