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Culture & Industry4h 24m ago
Dealers participating in Art Basel’s Statements section were informed days before the fair opened that the Baloise Art Prize, providing two SFr30,000 awards to emerging artists and donating their works to European museums, has been discontinued.
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Art Basel
Who
Art Basel, Baloise, Helvetia Baloise Holdings, Silke Lindner, Sylvie Hayes-Wallace, Aziza Kadyri, Carla Gueye, Diego Marcon, Precious Okoyomon, Tiffany Sia, Farah Al Qasimi
What
Dealers participating in Art Basel’s Statements section were informed days before the fair opened that the Baloise Art Prize, providing two SFr30,000 awards to emerging artists and donating their works to European museums, has been discontinued.
When
Tue, 16 Jun 2026 19:55:55 GMT · 4h 24m ago
Where
Art Basel ·
Why
The cancellation follows a $10.8 billion merger last year between Baloise and Helvetia, forming Helvetia Baloise Holdings, which aims to save SFr350 million annually.
The Frontline Impact
How this affects you
The abrupt cancellation of the Baloise Art Prize, a significant award for emerging artists since 1999, raises concerns among galleries about financial support and the future of new talent promotion at major art events. Its cessation may shift the landscape for artists seeking early career recognition and acquisition by leading European museums.
Story chain
5 events in this thread- Culture & Industry4h 24m agoThe Baloise Art Prize, which has supported emerging artists at Art Basel's Statements section since 1999, was quietly canceled just days before the fair opened.Open article
- Culture & Industry4h 24m agoThe Baloise Art Prize, which annually awarded two emerging artists SFr30,000 and donated their works to European museums, has been discontinued, surprising dealers participating in Art Basel’s Statements section.Open article
- Culture & Industry4h 24m agoDealers participating in Art Basel’s Statements section for emerging galleries discovered just days before the fair opened that the long-running Baloise Art Prize has been discontinued.Open article
- Currently Reading4h 24m agoDealers participating in Art Basel’s Statements section were informed days before the fair opened that the Baloise Art Prize, providing two SFr30,000 awards to emerging artists and donating their works to European museums, has been discontinued.
- Culture & Industry4h 24m agoThe Baloise Art Prize, which supported emerging artists in Art Basel's Statements section since 1999, has been quietly discontinued.Open article