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Culture & Industry4h 24m ago

Dealers 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.

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Art Basel

Who
Art Basel, Baloise, Helvetia Baloise Holdings, Silke Lindner, Sylvie Hayes-Wallace
What
Dealers 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.
When
Tue, 16 Jun 2026 19:55:55 GMT · 4h 24m ago
Where
Art Basel ·
Why
The Baloise Art Prize, sponsored by insurance company Baloise since 1999, was quietly cancelled after Baloise merged with Helvetia in a $10.8bn deal, forming Helvetia Baloise Holdings.
The Frontline Impact

How this affects you

The cancellation of the Baloise Art Prize, which previously awarded SFr30,000 to two artists and donated their work to European museums, removes a significant opportunity for emerging artists and galleries at Art Basel, potentially affecting their exposure and financial support.

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