Toxic Trafigura has been dumped! Corbett Gallery Art Competition terminates its sponsorship deal with the company
I just received this press release in my inbox:
19 October 2009, London – Gallerist Cynthia Corbett today announced that her Art Prize will no longer be sponsored by Trafigura, and will instead be renamed the Young Masters Art Prize.
Cynthia explains “Since the prize was conceived 2 years ago we approached various art foundations and corporate organizations to sponsor an art prize. We feel that the recent events involving Trafigura are detracting from the main purpose of the prize, which is to celebrate emerging and newly established artists.”
The Young Masters Art Prize will be awarded to one of sixteen international artists who have been chosen to exhibit work at the Young Masters exhibition, which opened at The Old Truman Brewery last Thursday night with over 1200 visitors.
The winner of the Young Masters Art Prize will be announced on Tuesday 3 November, and the prize will be continued each year, with funding for the prize money sourced for alternative sponsors. This year the prize will be non-monetary.
The Young Masters Art Prize will be judged by an independent panel of high profile artists, journalists and historians.