London â€“ 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 â€œSince the prize was conceived 2 years ago we approached various art foundations and corporate organizations to sponsor an art prize. Â 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.â€
TheÂ Young Masters Art Prize will be awarded to one of sixteen international artists who have been chosen to exhibit work at theÂ Young Masters exhibition, which opened at The Old Truman Brewery last Thursday night with over 1200 visitors.
The winner of theÂ 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.
TheÂ Young Masters Art Prize will be judged by an independent panel of high profile artists, journalists and historians.
For further information please contact The Cynthia Corbett Gallery
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Alice Parsons or Will Paget, PagetBaker Associates T + 44 (0)207 323 6963
Notes to Editors:
Selected work fromÂ Young Masters is exhibited at Sphinx Fine Art, 125 Kensington Church Street, W8 until 5 November 2009 (10am â€“ 6pm).
The entire collection ofÂ Young Masters is exhibited at The Old Truman Brewery, F Block, T5 from 15 October â€“ 3 November 2009 (11am â€“ 6pm).