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UBS Art Award 2000 for young artists - a tribute to the painting of tomorrow.

| Media Releases Switzerland

UBS is awarding its first international prize for painting. Students from twenty selected art colleges all over the world were invited to compete for the UBS Art Award 2000. More than 300 works were submitted from ten countries. With the Award, UBS highlights its commitment to promoting up-and-coming talent and strengthening the interaction between the arts, the world of banking and the general public.

This December, the UBS Art Award 2000 will be presented in the Whitechapel Art Gallery in London. The prize is aimed at final year students from twenty selected art colleges in Switzerland, Germany, France, Italy, Spain, the UK, the US, South Africa, Australia and Japan. This international award for contemporary painting highlights UBS's commitment to promoting young artists all over the world.

A distinguished jury
The works submitted for the UBS Art Award 2000, which is offering prize money of CHF 160,000, are selected in two stages. In the first stage, local juries in the respective countries select three national winners for each country, and these winners go on to compete in the final in London. On 7 December, 2000 an international jury consisting of directors of leading art institutions and a representative of UBS will select an overall winner, who will take home a prize of CHF 30,000. The jury will also choose a national winner from every country, who will each be awarded CHF 10,000. The finalists' work will then be exhibited in London's Whitechapel Art Gallery. Next year, the same exhibition will be held at selected UBS locations worldwide.

The international jury will be presided over by Sir Nicholas Serota, the director of the Tate Gallery in London. With him on the jury will be Professor Jean-Christophe Ammann, director of the Museum of Modern Art in Frankfurt, Peter Pakesch, director of the Kunsthalle Basel, Professor Serge Lemoine, chief curator of the Grenoble Museum, New York gallery owner Betsy Miller, director of the Robert Miller Gallery, the Turin-based art publisher Umberto Allemandi and George Gagnebin, CEO UBS Private Banking.

A unique opportunity for young artists
What is so fascinating about this competition is primarily the exciting results produced when the work of young, as yet unknown artists from different countries is judged by recognized experts in contemporary art. The UBS Art Award 2000 will be the first time that most of the participating artists have taken part in an international competition. Peter Pakesch has this to say: "The UBS Art Award is a very bold undertaking. It is the first award of its kind at such a high level that enables students from many different cultures to take part. This makes the Award a fantastic and unique opportunity for the young artists involved."

The sheer number of students who submitted their work by the cut-off date on 31 August - there are more than 300 young hopefuls - is promising in itself and emphasizes the significance of UBS's Award for the leading art schools. UBS is eagerly awaiting the outcome of the national heats.

A commitment to art
The UBS Art Award 2000 is being organized by the Art Banking section of UBS Private Banking. Art Banking offers advice on art within the context of wealth management services. Together with its support as main sponsor for the ART international fair in Basel, the UBS Art Award 2000 is proof of the bank's commitment to supporting contemporary art. This commitment also signals the importance UBS attaches to strengthening the interaction between the art world, its clients and the public in general.

Zurich/Basel, 18 September 2000

UBS