Kandinsky Prize
The Kandinsky Prize, named after Russian painter Wassily Kandinsky is an award sponsored by the Deutsche Bank AG and the Art Chronika Culture Foundation. It was organized in hopes of developing Russian contemporary art, and to reinforce the status of Russian art within the world. In total, 55,000 euros are awarded to the artists.
| Kandinsky Prize | |
|---|---|
| Country | Russia |
| Presented by | Deutsche Bank |
| First awarded | 2007 |
| Website | kandinsky-prize |
It was first given out on December 4, 2007, hosted at the Winzavod Contemporary Art Center in Moscow. Four awards were given. The Young Artist Category is awarded to an artist under 30 and they receive a three months stay in Villa Romana. New Media Project of the year is awarded 10,000 euros. Artist of the Year is awarded 40,000 euros. Audience's Prize is awarded 5,000 euros.
The award has been evolving over the years. "One of the distinctive features of the prize is that artists are able to nominate themselves." Now the categories are 'Project of the Year', 'Young Artist. Project of the Year' and 'Scholarly Work. History and Theory of Contemporary Art'. Every year the venue changes, the finalists' projects being shown in different cities.