The prize is part of AXA XL’s broader commitment to supporting emerging artists and promoting the preservation of the arts globally. It will award £10,000 to a piece from the Royal Academy’s Summer Exhibition, scheduled for June 18 to August 18.
In an emailed release, Sean McGovern, AXA XL’s CEO UK & Lloyds Market, said the goal of the partnership is to “champion UK-based artistic talent and strengthen our business relationships through our shared value of preserving cultural heritage.”
Jennifer Schipf, global chief underwriting officer for fine art & specie at AXA XL, added: “It is a true privilege to collaborate with the Royal Academy of Arts to spotlight figurative art in the UK which is fundamental to our mission as we partner with museums, galleries, universities, and collectors to protect and preserve art for future generations.”
The upcoming Summer Exhibition marks its 256th iteration and will be coordinated by British artist and Royal Academician Ann Christopher. Artists and architects are invited to submit their works for consideration until February 13.
Axel Rüger, secretary and chief executive of the Royal Academy of Arts, also expressed gratitude towards AXA XL for their support.
“The AXA Art Prize will continue to recognise outstanding works in the world’s largest open-submission exhibition and this year we look forward to celebrating a figurative work of art with the 2024 award,” said Rüger.
The winner of the AXA Art Prize UK will be announced in June. Last year, the prize was awarded to Olga Mun, a university student from Manchester, for her work titled “Impossible Painting”. An honourable was also given to Giorgio Pauri for his work called “Sitting on the Edge of Nothingness”.
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