It is a struggle for artists to get paid, but surely no artist in their right mind would want to accept a prize from a company with a reputation like Trafigura’s. That would be, ah, toxic to any emerging artist’s career, don’t you think?:
Young Masters will also officially launch an Art Prize which will be continued by the Trafigura Foundation each year. The Art Prize, totaling £4,000, will be awarded to the most talented artist as judged by a panel of highly respected arts professionals. Young Masters is curated by Constance Slaughter and Beth Colocci and is supported by corporate sponsors Trafigura, AXA and Brakes Group.