Procedure
The Sovereign Art Foundation invites a network of experts from throughout Europe, Asia and now Africa to nominate artists to participate in the Prizes. This critically driven process allows for the leading, mid-career contemporary artists to be showcased through the awards.
The panel of expert judges then selects thirty artists from the nominated submissions to form the finalist shortlist. The short listed artists are then exhibited in a major public space.
During the exhibition the final judging is performed live and the winner of the 25,000 Euro/US dollar first prize is announced.
At the culmination of the exhibition there is a charity gala auction where the finalists’ works, excluding the first prize winner, are auctioned, with half the proceeds going to the Foundation, and the other half going back to the artist.
Read more about this topic: Sovereign Art Foundation